The Third Millennium Economy (3ME)
Third Millennium Economy
Economics, Finance, Governance, and Ethics for the Anthropocene
We are pleased to present this working paper of the Third Millennium Economy Project: Economics, Finance, Governance, and Ethics for the Anthropocene. Released in advance of the Rio +20 United Nations Conference on Sustainable Development, the paper is an effort to build consensus around an alternative to the green economy thinking pervasive in the global negotiations around our ecological crises. The authors of the report make the case for a new economics, finance, governance, and ethics that are grounded in a respect for all life and based on the findings of modern planetary science.
Also, importantly, the report is intended to be a living document and only the first step in a process that brings together scholars from around the world to engage in assessing our current situation and envisioning the path to a flourishing future for life on Earth. We want to hear your thoughts. (Submit all comments to Peter Brown at 3ME@capitalinstitute.org.)
The Third Millennium Economy Project:
The Third Millennium Economy project is an initiative of the Capital Lab. It is intended to construct a roadmap of where we are and where we need to get to in order to transition to a truly sustainable economic system. Unlike many conversations about sustainable economics, this initiative is grounded in the scientific understanding of the world's leading ecologists about the planetary boundaries that a sustainable economy needs to respect. Capital Institute is honored to be a contributor to and sponsor of this important work.
A profound cognitive transition is taking place as we come to grips with the implications of the ecological boundaries of our finite planet. We must shift from the reductionist world view of the Enlightenment to a new systemic world view that understands reality as complex, interdependent systems in which the whole cannot be understood as the sum of the parts. The implications for the human economy, its institutions, the financial system that fuels it, our systems of governance, and indeed our sense of what it means to live a good life are all on the table for examination.
The Third Millennium Economy Steering Committee includes: Peter Brown, Graciela Chichilnisky, John Fullerton, Tim Jackson, William Rees, Juliet Schor, Gus Speth, and Peter Victor.
This project is funded by generous grant from the V. Kann Rasmussen Foundation.