Manfred Max-neef - Principles Of Economy

Posted by NickTheGreek, 9 Sep 2015, 03:12 PM

MANFRED MAX-NEEF: The principles, you know, of an economics which should be are based in five postulates and one fundamental value principle.

• One, the economy is to serve the people and not the people to serve the economy.
  
• Two, development is about people and not about objects.
  
• Three, growth is not the same as development, and development does not necessarily require growth.
  
• Four, no economy is possible in the absence of ecosystem services.
  
• Five, the economy is a subsystem of a larger finite system, the biosphere, hence permanent growth is impossible.

And the fundamental value to sustain a new economy should be that no economic interest, under no circumstance, can be above the reverence of life.