Finance and economics

Finance and economics - a pile of the Brixton Pound, featuring David Bowie

Many environmentalists are suspicious of the whole idea of 'economics', seeing free market capitalism as a key cause of many of current environmental problems. However, the original meaning of the word shares it root with ecology, and means 'household management'; management of all the resources at our disposal to deliver the outcomes we seek, whether it is at a personal, local, regional or global level.

Finance and economics includes ensuring that future generations have what they need to manage their 'household' too. A key part of household management is ensuring sound finances, which means building alternatives to the current debt-based monetary system and rediscovering the enabling power of money, based on abundance rather than scarcity. The third permaculture ethic of 'fair shares' also has major implications in this area, challenging us to work towards equitable financial systems and a balanced distribution of monetary resources.