The decision basis most policy makers have to go on are overwhelmingly economic data. This is needed but economics is far from being a science. For one thing, the units economists use are much less concise than those of physics, biology etc. For another, the world would continue without economists. Science-based professions, like engineering and medicine, would stop working without its science-based practitioners.
Is it possible to create a rational decision basis using metrics other than money? Can this be presented in a way that will help decision-making? Especially decisions about transition to a circular economy?
Contents:
- System dynamics applied to real capital, its status, capacity and thresholds.
- How to connect the firm’s infrastructure with environmental and social performance and investment needs.
- The Assets – Liabilities- Equity approach to clarify and quantify the firm’s affect om real capital, especially natural capital. Even of the total production system on nature and society for any geographical area
- A normative approach for capital status producing a solid decision basis for the three areas of sustainability – Economic, Social – Ecological.
I need help to make these threads better. Feel free to comment below.
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