Theme: The Biosphere

1 // An adaptable economy that balances solidarity & autonomy, and prioritizes the flourishing of diverse forms of life

Economic resilience generally refers to the ability of an economy to absorb or rebound from shock. Research suggests that economic and industrial diversity may be better able to maintain stability in the face of negative shock, on the other hand more specialized (i.e., less diverse) economies are at times more optimal during good times due to “economies of scale, greater access to industry-specific inputs (such as a trained workforce) and better access to shared markets”. Economic diversity can come at a cost in ‘normal periods’. Here we suggest that what the planet needs are adaptable economies, that can respond to present times, modes and unexpected conditions. Moreover, we strive for economies that are able to account for externalities and ensure to priority biodiversity, variance & abundance of life.