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Climate change, biodiversity loss, pollution of land and water,
land-use changes, lack of equality and other problems at local,
national and global levels represent a challenge for economics as a
social science. Mainstream neoclassical economics may be able to
contribute to a more sustainable society but it has also played a
dominant role in a period where problems have been aggravated. A
pluralist and democratic view of economics is therefore very much
warranted. This book presents a multidimensional and ideologically
more open view of economics: understanding economics in
multidimensional terms is in accordance with the 17 sustainable
development goals recognized by nations at the UN-level in 2015.
Accordingly, approaches to decision making and accounting at the
national- and business levels have to be reconsidered. Neoclassical
Cost-Benefit Analysis (CBA) with focus on the monetary dimension
and an assumed consensus about a specific market ideology to be
applied is not compatible with democratic societies where citizen
and actors in other roles normally differ with respect to
ideological orientation. Environmental Impact Statements and
Multi-Criteria methods are used to some extent to broaden
approaches to decision-making. In this book, Positional Analysis is
advocated as a multidimensional and ideologically open approach.
Positional Analysis is based on a political economic conceptual
framework (as part of ecological economics) that differs from
neoclassical ideas of individuals, firms and markets. And since
approaches to decision-making and to accounting are closely
connected, a new theoretical perspective in economics similarly
raises issues of how national and business accounting can be opened
up to meet present demands among various actors in society. This
perspective raises also numerous ethical questions at the science
and policy interface that need to be properly addressed for
sustainability decision making.
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