TAG: Natural capital

Mother Nature Never Loses Her Mojo


In the absence of radical economic change, it would not be hard to assume that there aren’t any significant environmental or social problems worth worrying about. Surely the powers-that-be would take the necessary action if disaster was impending. Surely the greenies are alarmist. The humanitarian mob are bleeding hearts. And the future is just as it’s meant to be – someone else’s problem. But where’s the logic in that? Doesn’t it make more sense to be at least a little bit cautious, to think of the future health and prosperity of the planet and its people as everyone’s problem? After… read more

The Many Forms of Wealth


Wealth takes many forms. But for the sake of argument, let’s think in terms of different types of capital. The traditional definition of capital is “accumulated wealth in the form of investments, factories, and equipment” (Hawken et al, 2000, p.4). From a Green Economic perspective, however, four types of capital are necessary for a healthy and prosperous economy. These are outlined by Paul Hawken, Amory Lovins and L.Hunter Lovins in their book, Natural Capital: Creating the next industrial revolution (2000): Human capital: Beyond labour and intelligence, this includes the social capital of networks and organization, as well as the cultural… read more

The Green Economy

A green economy

The Green Economy is inspired by a different mind-set and value system to the modern industrial economy (otherwise known as modern wealth or capitalism). In their book, Natural Capitalism: Creating the next industrial revolution, Paul Hawken, Amory Lovins and L.Hunter Lovins (2000, p.9) identify some of the fundamental assumptions of a Green economy: The environment is not a minor factor of production. Think instead of the natural world as a package that contains, provisions and sustains the entire economy. Future economic development is limited by the availability and functionality of natural capital. In particular, the limiting factor is the health… read more