A recent analysis from Tim Morgan’s little-noticed but definitely better-than-orthodox economic realism, based on the realworld facts of life around energy availability and use: Tim’s idea is ‘SEEDS’, surplus-energy economic
something-or-other; ‘dynamics’ perhaps. There’s a definition somewhere on his website, but damned if I can find it…
Be fair, though, Rhis and challenge the language use “economic growth” means “increase of efficiency” (it does actually mean that other interpretations are purely illusory -like crypto-currencies-); "“unsustainable economy” is an oxymoron” No? I thought about this…many would argue (and many on the “left” also), that “short-term” “profit-taking” exploitative economies exist…but do they? Can we truly call them “economies”? For one thing; “how long is your piece of string?” We define economies by describing relationships (they are “relative”), there is a chronological imperative concerned, one cannot (surely), argue that a 5 year “un-sustainability” is an economy whilst a 3 month one is not!
Economy, of-course, also can be “of effort”, in other words efficient…there is no “economy of effort” in an inefficient system, therefore, we can argue that any economy that is not sustainable does not exist!
If one “economises” one makes one’s actions more efficient…literally one creates an economy.
One can argue that the economy existed for a five year period…but one cannot say it was “un-sustainable” for the same period…period…
…and, therefore, sustainability is a necessary component of economy…
The system is “open ended” (#opensource), it is emergent…
Quote; "Words Based on the Eco- Root Word
Following is a list of words based on the Eco- Root Word:
1. Ecoactivist: One who actively opposes the pollution or destruction by other means, of the environment.
2. Ecobabble: Using the technical language of ecology to make the user seem to be ecologically aware.
3. Ecobiology: The study of the relationships of organisms to their natural environments.
4. Ecobiosis: The conditions pertaining to a mode of life within a specific habitat
5. Ecocatastrophe: Major damage to the environment, especially when caused by human activity
6. Ecocentric: Centering on the environment
7. Bioecological: A reference to the interrelationships between plants and animals and their abiotic enviro ments.
8. Bioecologist: Someone who favors, or specializes, bioecology; such as, an ecologist.
9. Bioecology: The science of organisms as affected by the factors of their environments.
10. Ecocidal: Designed or tending to destroy the environment.
11. Ecocide: Destruction or damage of the environment
12. Ecoclimate: The climate as an ecological factor; the climate of a habitat.
13. Ecocline: Reflecting ecological conditions in general.
14. Econometrician: A student of, or specialist in, econometrics.
15. Econometrics: The branch of economics concerned with the application of mathematical economics to economic data by the use of statistical methods.
16. Economics: The study or the social science of the production, distribution, and consumption of goods and services and with the theory and management of economies or economic systems which include material goods and financial resources.
17. Economist: Someone who studies, works, or is an expert in the field of economics." https://wordpandit.com/eco-root-word/ Here we can see how closely related the notions of ecology and economics really are, this seems to indicate that the Industrial Revolution (esp.), saw a perversion of the language describing transaction/exchange in order to underpin a Socially Darwinistic model of human evolution, allow this exploitative model to gain ascendancy and fulfil (esp.), capitalism’s imperial and “manifest destiny”. It may, therefore, be the case that a misapprehension of the nature of economic theory has stemmed directly from the exploitation of non-renewable resources.": https://www.arafel.co.uk/2021/06/a-dangerous-conflation-socialism.html?zx=d4099317f6a18e82
Que? [fillerfillerfiller]
I thought my meaning was clear. It is beyond counter-productive to misuse the language the same way the neoliberal (now), sadists do…if the term “economy” is misused, even by those who realise that “biodiversity is the engine of sustainability” (et.al), people like Thunberg will be condemned to continue to push water up-hill… (campaigning for sustainability with her 5G phone grafted to her head etc.). Language is key.
Er - still ‘Que?’, I’m afraid…
Is this of any help or am I missing the point too @gkh?
Eco is a derivation of the Greek oikos, meaning an extended family unit that consists of the house, members of the family, slaves, farmland, and all property
An “economy” is an efficiency…“economic growth” is, therefore, increase of efficiency…I see no reason to explain that this is not how the word is used in common parlance…it really should be obvious that “economy” means the creation of “surplus value” to the neoliberal (etc.)…in terms of households (eco-root), it would mean the ability to sustain a household…not (again), necessarily to increase its material wealth…