Economics Nature’s Way

Delivering sustainable economic growth
Posted Oct 10, 2021 | IMF, Finance and Development, Partha Dasgupta

Good economics demand that nature is better managed, argues Partha Dasgupta in the article for the International Monetary Fund’s Finance & Development he warns that nature’s assets have become drawn down through extraction of natural resources, depleting the nutrient supply in soils, driving down fish stocks, and using nature as a sink for waste. He shows how economics have overlooked nature and sets out a framework for including nature in economic thinking, providing a guide for change through three broad, interconnected transitions. He reasons that the ingenuity must be deployed that allowed humanity’s demands on nature to grow so large, and to bring about the transformation necessary to reimagine its relationship with nature.


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