Richard Douthwaite on the Economics of Sustainability
"In Extraenvironmentalist #17 we speak with Richard Douthwaite about the collection of essays he co-edited on the coming financial storm, Fleeing Vesuvius. Richard is an author of many books on the fallacies of economic growth, co-founder of the Foundation for the Economics of Sustainability (FEASTA) and a Fellow of the Post Carbon Institute. Richard explains how his educational background in economics stifled his worldview for a many years and the effect The Limits to Growth had on changing his mind about the ways in which modern economics are practiced. We discuss why entrepreneurs are worshiped by economic leaders, the promise of liquidity networks for reforming currency dynamics, the ability for energy bonds to revolutionize community energy projects and the effect of introducing new technologies into an economic system."