by Kate Raworth
and Circular Flow, 63–4, 87
and complex systems, 134, 138, 139, 140, 141, 145–7
cross-border flows, 89
deregulation, 87
derivatives, 100–101, 149
and distribution, 169, 170, 173, 182–4, 198–9, 201
and efficient market hypothesis, 63, 68
and Embedded Economy, 71, 86–8
and financial-instability hypothesis, 87, 146
and GDP growth, 38
and media, 7–8
mobile banking, 199–200
and money creation, 87, 182–5
and regeneration, 227, 229, 234–7
in service to life, 159, 234–7
stakeholder finance, 190
and sustainability, 216, 235–6, 239
financial crisis (2008), 1–4, 5, 40, 63, 86, 141, 144, 278, 290
and efficient market hypothesis, 87
and equilibrium theory, 134, 145
and financial-instability hypothesis, 87
and inequality, 90, 170, 172, 175
and money creation, 182
and worker’s rights, 278
financial flows, 89
Financial Times, 183, 266, 289
financial-instability hypothesis, 87, 146
First Green Bank, 236
First World War (1914–18), 166, 170
Fisher, Irving, 183
fluid values, 102, 106–9
food, 3, 43, 45, 50, 54, 58, 59, 89, 198
food banks, 165
food price crisis (2007–8), 89, 90, 180
Ford, 277–8
foreign direct investment, 89
forest conservation, 121–2
fossil fuels, 59, 73, 75, 92, 212, 260, 263
Foundations of Economic Analysis (Samuelson), 17–18
Foxconn, 193
framing, 22–3
France, 43, 165, 196, 238, 254, 256, 281, 290
Frank, Robert, 100
free market, 33, 37, 67, 68, 70, 81–2, 86, 90
free open-source hardware (FOSH), 196–7
free open-source software (FOSS), 196
free trade, 70, 90
Freeman, Ralph, 18–19
freshwater cycle, 48–9
Freud, Sigmund, 107, 281
Friedman, Benjamin, 258
Friedman, Milton, 34, 62, 66–9, 84–5, 88, 99, 183, 232
Friends of the Earth, 54
Full World, 75
Fuller, Buckminster, 4
Fullerton, John, 234–6, 273
G
G20, 31, 56, 276, 279–80
G77, 55
Gal, Orit, 141
Gandhi, Mohandas, 42, 293
Gangnam Style, 145
Gardens of Democracy, The (Liu & Hanauer), 158
gender equality, 45, 51–2, 57, 78–9, 85, 88, 118–19, 124, 171, 198
generosity, 218–19, 223–9
geometry, 13, 15
George, Henry, 149, 179
Georgescu-Roegen, Nicholas, 252
geothermal energy, 221
Gerhardt, Sue, 283
Germany, 2, 41, 100, 118, 165, 189, 211, 213, 254, 256, 260, 274
Gessel, Silvio, 274
Ghent, Belgium, 236
Gift Relationship, The (Titmuss), 118–19
Gigerenzer, Gerd, 112–14
Gintis, Herb, 104
GiveDirectly, 200
Glass–Steagall Act (1933), 87
Glennon, Roger, 214
Global Alliance for Tax Justice, 277
global material footprints, 210–11
Global Village Construction Set, 196
globalisation, 89
Goerner, Sally, 175–6
Goffmann, Erving, 22
Going for Growth, 255
golden rule, 91
Goldman Sachs, 149, 170
Gómez-Baggethun, Erik, 122
Goodall, Chris, 211
Goodwin, Neva, 79
Goody, Jade, 124
Google, 192
Gore, Albert ‘Al’, 172
Gorgons, 244, 256, 257, 266
graffiti, 15, 25, 287
Great Acceleration, 46, 253–4
Great Depression (1929–39), 37, 70, 170, 173, 183, 275, 277, 278
Great Moderation, 146
Greece, Ancient, 4, 13, 32, 48, 54, 56–7, 160, 244
green growth, 41, 210, 243–85
Greenham, Tony, 185
greenhouse gas emissions, 31, 46, 50, 75–6, 141, 152–4
and decoupling, 260, 266
and Environmental Kuznets Curve, 208, 210
and forests, 50, 52
and G20, 31
and inequality, 58
reduction of, 184, 201–2, 213, 216–18, 223–7, 239–41, 256, 259–60, 266, 298
stock–flow dynamics, 152–4
and taxation, 201, 213
Greenland, 141, 154
Greenpeace, 9
Greenspan, Alan, 87
Greenwich, London, 290
Grenoble, France, 281
Griffiths, Brian, 170
gross domestic product (GDP), 25, 31–2, 35–43, 57, 60, 84, 164
as cuckoo, 32, 35, 36, 38, 40, 54, 60, 159, 244, 256, 271
and Environmental Kuznets Curve, 207–11
and exponential growth, 39, 53, 246–85
and growth agnosticism, 29–30, 240, 243–85
and inequality, 173
and Kuznets Curve, 167, 173, 188–9
gross national product (GNP), 36–40
Gross World Product, 248
Grossman, Gene, 207–8, 210
‘grow now, clean up later’, 207
Guatemala, 196
H
Haifa, Israel, 120
Haldane, Andrew, 146
Han Dynasty, 154
Hanauer, Nick, 158
Hansen, Pelle, 124
Happy Planet Index, 280
Hardin, Garrett, 69, 83, 181
Harvard University, 2, 271, 290
von Hayek, Friedrich, 7–8, 62, 66, 67, 143, 156, 158
healthcare, 43, 50, 57, 85, 123, 125, 170, 176, 200, 269, 279
Heilbroner, Robert, 53
Henry VIII, King of England and Ireland, 180
Hepburn, Cameron, 261
Herbert Simon, 111
heuristics, 113–14, 118, 123
high-income countries
growth, 30, 244–5, 254–72, 282
inequality, 165, 168, 169, 171
labour, 177, 188–9, 278
overseas development assistance (ODA), 198–9
resource intensive lifestyles, 46, 210–11
trade, 90
Hippocrates, 160
History of Economic Analysis (Schumpeter), 21
HIV/AIDS, 123
Holocene epoch, 46–8, 75, 115, 253
Homo economicus, 94–103, 109, 127–8
Homo sapiens, 38, 104, 130
Hong Kong, 180
household, 78
housing, 45, 59, 176, 182–3, 269
Howe, Geoffrey, 67
Hudson, Michael, 183
Human Development Index, 9, 279
human nature, 28
human rights, 10, 25, 45, 49, 50, 95, 214, 233
humanistic economics, 42
hydropower, 118, 260, 263
I
Illinois, United States, 179–80
Imago Mundi, 13
immigration, 82, 199, 236, 266
In Defense of Economic Growth (Beckerman), 258
Inclusive Wealth Index, 280
income, 51, 79–80, 82, 88, 176–8, 188–91, 194, 199–201
India, 2, 9, 10, 42, 124, 164, 178, 196, 206–7, 242, 290
Indonesia, 90, 105–6, 164, 168, 200
Indus Valley civilisation, 48
inequality, 1, 5, 25, 41, 63, 81, 88, 91, 148–52, 209
and consumerism, 111
and democracy, 171
and digital revolution, 191–5
and distribution, 163–205
<
br /> and environmental degradation, 172
and GDP growth, 173
and greenhouse gas emissions, 58
and intellectual property, 195–8
and Kuznets Curve, 29, 166–70, 173–4
and labour ownership, 188–91
and land ownership, 178–82
and money creation, 182–8
and social welfare, 171
Success to the Successful, 148, 149, 151, 166
inflation, 36, 248, 256, 275
insect pollination services, 7
Institute of Economic Affairs, 67
institutional economics, 11
intellectual property rights, 195–8, 204
interest, 36, 177, 182, 184, 275–6
Intergovernmental Panel on Climate Change, 25
International Monetary Fund (IMF), 170, 172, 173, 183, 255, 258, 271
Internet, 83–4, 89, 105, 192, 202, 264
Ireland, 277
Iroquois Onondaga Nation, 116
Israel, 100, 103, 120
Italy, 165, 196, 254
J
Jackson, Tim, 58
Jakubowski, Marcin, 196
Jalisco, Mexico, 217
Japan, 168, 180, 211, 222, 254, 256, 263, 275
Jevons, William Stanley, 16, 97–8, 131, 132, 137, 142
John Lewis Partnership, 190
Johnson, Lyndon Baines, 37
Johnson, Mark, 38
Johnson, Todd, 191
JPMorgan Chase, 149, 234
K
Kahneman, Daniel, 111
Kamkwamba, William, 202, 204
Kasser, Tim, 125–6
Keen, Steve, 146, 147
Kelly, Marjorie, 190–91, 233
Kennedy, John Fitzgerald, 37, 250
Kennedy, Paul, 279
Kenya, 118, 123, 180, 185–6, 199–200, 226, 292
Keynes, John Maynard, 7–8, 22, 66, 69, 134, 184, 251, 277–8, 284, 288
Kick It Over movement, 3, 289
Kingston, London, 290
Knight, Frank, 66, 99
knowledge commons, 202–4, 229, 292
Kokstad, South Africa, 56
Kondratieff waves, 246
Korzybski, Alfred, 22
Krueger, Alan, 207–8, 210
Kuhn, Thomas, 22
Kumhof, Michael, 172
Kuwait, 255
Kuznets, Simon, 29, 36, 39–40, 166–70, 173, 174, 175, 204, 207
KwaZulu Natal, South Africa, 56
L
labour ownership, 188–91
Lake Erhai, Yunnan, 56
Lakoff, George, 23, 38, 276
Lamelara, Indonesia, 105–6
land conversion, 49, 52, 299
land ownership, 178–82
land-value tax, 73, 149, 180
Landesa, 178
Landlord’s Game, The, 149
law of demand, 16
laws of motion, 13, 16–17, 34, 129, 131
Lehman Brothers, 141
Leopold, Aldo, 115
Lesotho, 118, 199
leverage points, 159
Lewis, Fay, 178
Lewis, Justin, 102
Lewis, William Arthur, 114, 167
Lietaer, Bernard, 175, 236
Limits to Growth, 40, 154, 258
Linux, 231
Liu, Eric, 158
living metrics, 240–42
living purpose, 233–4
Lomé, Togo, 231
London School of Economics (LSE), 2, 34, 65, 290
London Underground, 12
loss aversion, 112
low-income countries, 90, 164–5, 168, 173, 180, 199, 201, 209, 226, 254, 259
Lucas, Robert, 171
Lula da Silva, Luiz Inácio, 124
Luxembourg, 277
Lyle, John Tillman, 214
Lyons, Oren, 116
M
M–PESA, 199–200
MacDonald, Tim, 273
Machiguenga, 105–6
MacKenzie, Donald, 101
macroeconomics, 36, 62–6, 76, 80, 134–5, 145, 147, 150, 244, 280
Magie, Elizabeth, 149, 153
Malala effect, 124
malaria, 5
Malawi, 118, 202, 204
Malaysia, 168
Mali, Taylor, 243
Malthus, Thomas, 252
Mamsera Rural Cooperative, 190
Manhattan, New York, 9, 41
Mani, Muthukumara, 206
Manitoba, 282
Mankiw, Gregory, 2, 34
Mannheim, Karl, 22
Maoris, 54
market, 81–2
and business, 88
circular flow, 64
and commons, 83, 93, 181, 200–201
efficiency of, 28, 62, 68, 87, 148, 181
and equilibrium theory, 131–5, 137, 143–7, 155, 156
free market, 33, 37, 67–70, 90, 208
and households, 63, 69, 78, 79
and maxi-max rule, 161
and pricing, 117–23, 131, 160
and rational economic man, 96, 100–101, 103, 104
and reciprocity, 105, 106
reflexivity of, 144–7
and society, 69–70
and state, 84–6, 200, 281
Marshall, Alfred, 17, 98, 133, 165, 253, 282
Marx, Karl, 88, 142, 165, 272
Massachusetts Institute of Technology (MIT), 17–20, 152–5
massive open online courses (MOOCs), 290
Matthew Effect, 151
Max-Neef, Manfred, 42
maxi-max rule, 161
maximum wage, 177
Maya civilisation, 48, 154
Mazzucato, Mariana, 85, 195, 238
McAfee, Andrew, 194, 258
McDonough, William, 217
Meadows, Donella, 40, 141, 159, 271, 292
Medusa, 244, 257, 266
Merkel, Angela, 41
Messerli, Elspeth, 187
Metaphors We Live By (Lakoff & Johnson), 38
Mexico, 121–2, 217
Michaels, Flora S., 6
micro-businesses, 9, 173, 178
microeconomics, 132–4
microgrids, 187–8
Micronesia, 153
Microsoft, 231
middle class, 6, 46, 58
middle-income countries, 90, 164, 168, 173, 180, 226, 254
migration, 82, 89–90, 166, 195, 199, 236, 266, 286
Milanovic, Branko, 171
Mill, John Stuart, 33–4, 73, 97, 250, 251, 283, 284, 288
Millo, Yuval, 101
minimum wage, 82, 88, 176
Minsky, Hyman, 87, 146
Mises, Ludwig von, 66
mission zero, 217
mobile banking, 199–200
mobile phones, 222
Model T revolution, 277–8
Moldova, 199
Mombasa, Kenya, 185–6
Mona Lisa (da Vinci), 94
money creation, 87, 164, 177, 182–8, 205
MONIAC (Monetary National Income Analogue Computer), 64–5, 75, 142, 262
Monoculture (Michaels), 6
Monopoly, 149
Mont Pelerin Society, 67, 93
Moral Consequences of Economic Growth, The (Friedman), 258
moral vacancy, 41
Morgan, Mary, 99
Morogoro, Tanzania, 121
Moyo, Dambisa, 258
Muirhead, Sam, 230, 231
MultiCapital Scorecard, 241
Murphy, David, 264
Murphy, Richard, 185
musical tastes, 110
Myriad Genetics, 196
N
national basic income, 177
Native Americans, 115, 116, 282
natural capital, 7, 116, 269
Natural Economic Order, The (Gessel), 274
Nedbank, 216
negative externalities, 213
negative interest rates, 275–6
neoclassical economics, 134, 135
neoliberalism, 7, 62–3, 67–70, 81, 83, 84, 88,
93, 143, 170, 176
Nepal, 181, 199
Nestlé, 217
Netherlands, 211, 235, 224, 226, 238, 277
networks, 110–11, 117, 118, 123, 124–6, 174–6
neuroscience, 12–13
New Deal, 37
New Economics Foundation, 278, 283
New Year’s Day, 124
New York, United States, 9, 41, 55
Newlight Technologies, 224, 226, 293
Newton, Isaac, 13, 15–17, 32–3, 95, 97, 129, 131, 135–7, 142, 145, 162
Nicaragua, 196
Nigeria, 164
nitrogen, 49, 52, 212–13, 216, 218, 221, 226, 298
‘no pain, no gain’, 163, 167, 173, 204, 209
Nobel Prize, 6–7, 43, 83, 101, 167
Norway, 281
nudging, 112, 113, 114, 123–6
O
Obama, Barack, 41, 92
Oberlin, Ohio, 239, 240–41
Occupy movement, 40, 91
ocean acidification, 45, 46, 52, 155, 242, 298
Ohio, United States, 190, 239
Okun, Arthur, 37
onwards and upwards, 53
Open Building Institute, 196
Open Source Circular Economy (OSCE), 229–32
open systems, 74
open-source design, 158, 196–8, 265
open-source licensing, 204
Organisation for Economic Co-operation and Development (OECD), 38, 210, 255–6, 258
Origin of Species, The (Darwin), 14
Ormerod, Paul, 110, 111
Orr, David, 239
Ostrom, Elinor, 83, 84, 158, 160, 181–2
Ostry, Jonathan, 173
OSVehicle, 231
overseas development assistance (ODA), 198–200
ownership of wealth, 177–82
Oxfam, 9, 44
Oxford University, 1, 36
ozone layer, 9, 50, 115
P
Pachamama, 54, 55
Pakistan, 124
Pareto, Vilfredo, 165–6, 175
Paris, France, 290
Park 20|20, Netherlands, 224, 226
Parker Brothers, 149
Patagonia, 56
patents, 195–6, 197, 204
patient capital, 235
Paypal, 192
Pearce, Joshua, 197, 203–4
peer-to-peer networks, 187, 192, 198, 203, 292
People’s QE, 184–5
Perseus, 244
Persia, 13
Peru, 2, 105–6
Phillips, Adam, 283
Phillips, William ‘Bill’, 64–6, 75, 142, 262
phosphorus, 49, 52, 212–13, 218, 298
Physiocrats, 73
Pickett, Kate, 171
pictures, 12–25
Piketty, Thomas, 169
Playfair, William, 16
Poincaré, Henri, 109, 127–8
Polanyi, Karl, 82, 272
political economy, 33–4, 42
political funding, 91–2, 171–2
political voice, 43, 45, 51–2, 77, 117
pollution, 29, 45, 52, 85, 143, 155, 206–17, 226, 238, 242, 254, 298
population, 5, 46, 57, 155, 199, 250, 252, 254
Portugal, 211
post-growth society, 250
poverty, 5, 9, 37, 41, 50, 88, 118, 148, 151
emotional, 283
and inequality, 164–5, 168–9, 178
