In a world where global finance must align with the green transition, this Open Access book challenges established economic thinking. It argues for a shift from individualism to group-focused economic theory and policy, revealing that historical financial accumulation stemmed from collective rather than individual actions.

To combat detrimental herd behavior, the book advocates for methodological groupism in economic policies. This shift promises more resilient financial flows, ensuring widespread societal benefits and mitigating harm to the global ecosystem. Through data analysis of capital and labor earnings in the US, UK, France, and Italy, and the introduction of "sustainable earnings trends," the book provides actionable insights applicable from local to international levels, using the Sustainable Development Goals (SDGs) as a guiding framework.

This makes the book a must-read for scholars, researchers, and students of environmental economics, sustainability, labor economics, finance, public policy, and governance, as well as policymakers seeking profound insights into the future of sustainable economics and finance.

This book is open access, which means that you have free and unlimited access Provides an overview of an alternative economic system based on system thinking and groupthink Includes intuitive explanatory diagrams and illustrations, and easily readable text Presents a timely topic based on a decade of research findings

Autorentext

Aurelie Charles is an Associate Professor in Global Sustainability at the University of Bath, United Kingdom. Aurelie holds a PhD in economics from the University of Leeds, United Kingdom. An economist and social scientist with particular expertise in group behaviour in socio-ecological interactions, her research interests relate to the understanding and measurement of herd-behaviour and social norms, their impact on individual decision-making, well-being and resource entitlements. Recent advisory work has been with the International Science Council on the 2023 Global Sustainable Development Report.

Inhalt

Chapter 1. Groupthink in Individual Decision-making.- Chapter 2. Group Membership in Capital and Labour Earnings.- Chapter 3. Freeing the Collective Mind: Making Decisions With or Without Group Biases.- Chapter 4. Sustainable Earnings for a Resilient Economic System.