Maths-based economics seems to be stuck in something of a rut. Almantas Samalavičius, editor of Eurozine partner journal ‘Kulturos barai’, spoke to Professor Joshua Farley, an ecological economist at the University of Vermont (UVM), about the failure of mainstream economic thinking to explain economic reality, and why the dominant discourse nevertheless remains so powerful in academia.
Given the relation between economic production and ecological degradation, Joshua Farley is convinced that economic growth must stop. It is just a question of when. And whether cooperation will displace competition as the dominant concept in the economic paradigm.