strategy
Taking account of externalities of systems
Claim:
Old economics loses everything it fails to measure. Women are lost if economics simply tracks what happens to households as a whole. Nature is lost, because its services are not valued. People working in the informal economy -- up to a third of people in poor countries -- are lost. The contribution of traditional knowledge and cultural diversity is lost. Broader:
Taking Narrower:
Concealing environmental costs of economic productionEncouraging behaviours carrying positive externalitiesDiscouraging behaviours carrying negative externalitiesFinancing public health interventions with substantial externalities Facilitates:
Using full cost accounting Subjects:
→ SystemsType Classification:
F: Exceptional strategies