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‘Well-being economics’ would reshape politics and address income inequality and climate change
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I’m not so much for reforming what we call economics today as much as I am for abolishing that version and changing it with well-being economics. You can also call it cyclical or regenerative economics, or economics for the common good – economics that is embedded in nature and society and does not see itself as superior to, or separate from, all of those things. Well-being economics is based on the fundamental philosophical question: Are people capable of governing themselves?