| Title | Measuring regenerative economics: 10 principles and measures undergirding systemic economic health |
|---|---|
| ID_Doc | 80012 |
| Authors | Fath, Brian D., Daniel A. Fiscus, Sally J. Goerner, Anamaria Berea, and Robert E. Ulanowicz. |
| Published | Global Transitions 1 (2019): 15-27. |
| Structure | Here are the article sections with two sentences each: The article discusses the application of network science concepts and methods to economic systems, building on advances in non-equilibrium thermodynamics and nonlinear dynamics. The authors introduce the concept of regenerative economics, which focuses on maintaining robust cross-scale circulation of critical flows, including energy, information, resources, and money. The article explores the concept of regenerative economics, which aims to understand and measure the health of economic systems. The authors identify four key categories: circulation, organizational structure, relationships and values, and collective learning, which are essential for maintaining systemic health. The article presents the first two principles of regenerative economics: maintaining robust cross-scale circulation of critical flows and regenerative re-investment. The authors explain that cross-scale circulation is essential for economic health, while regenerative re-investment is necessary for maintaining the health of economic systems. The article discusses the importance of maintaining reliable inputs and healthy outputs in economic systems. The authors explain that unreliable inputs and unhealthy outputs can lead to economic necrosis, while robust and healthy outputs are essential for maintaining systemic health. The article presents the fifth principle of regenerative economics: maintaining a healthy balance and integration of small, medium, and large organizations. The authors explain that a diverse and balanced economy with small, medium, and large organizations is essential for maintaining systemic health. The article discusses the importance of maintaining a healthy balance between resilience and efficiency in economic systems. The authors explain that a balance between these two principles is essential for maintaining systemic health, while excessive extraction and speculation can lead to economic necrosis. The article presents the seventh principle of regenerative economics: maintaining sufficient diversity in economic systems. The authors explain that diversity is essential for maintaining systemic health, while excessive specialization and monoculture can lead to economic necrosis. The article discusses the importance of promoting mutually-beneficial relationships and common-cause values in economic systems. The authors explain that these values are essential for maintaining systemic health, while exploitation and competition can lead to economic necrosis. The article presents the ninth principle of regenerative economics: promoting constructive activity and limiting overly-extractive and speculative processes. The authors explain that constructive activity is essential for maintaining systemic health, while excessive extraction and speculation can lead to economic necrosis. The article discusses the importance of promoting effective, adaptive, collective learning in economic systems. The authors explain that this principle is essential for maintaining systemic health, while poor learning and adaptation can lead to economic necrosis. The article provides a comprehensive discussion of the principles and measures of regenerative economics, which aim to understand and measure the health of economic systems. The authors explain that regenerative economics is a transdisciplinary approach that draws on concepts and methods from ecology, economics, and systems science. The article provides a brief history of systems science, which spans from ancient Greek and Egyptian observations of mathematically precise, recurring patterns and principles of growth and development to the modern concept of regenerative economics. The authors highlight the contributions of key scientists and thinkers, including D'Arcy Thompson, Alfred Lotka, and Ilya Prigogine. The article discusses the potential applications of regenerative economics, which include understanding the health of economic systems and promoting sustainable development. The authors propose that further research is needed to refine and interpret the measures of regenerative economics and to explore their application in policy arenas. The article concludes by emphasizing the importance of regenerative economics in understanding and promoting sustainable development. The authors highlight the need for a global transition towards a regenerative economy, which prioritizes the health of human networks and ecosystems over economic growth and profit. |
| Summary | The article discusses the concept of regenerative economics, which emphasizes the importance of maintaining robust cross-scale circulation of critical flows, such as energy, information, and resources. It also highlights the need for regenerative re-investment, where investments are made in the internal capacities of a system, including its members' skills and well-being. The article proposes 10 principles and measures of regenerative economics, including maintaining a healthy balance and integration of small, medium, and large organizations, and promoting mutually-beneficial relationships and common-cause values. These principles are derived from principles of sustainable and resilient ecological networks and have been tested and confirmed by numerous scientists working in multiple fields. The article also discusses the importance of promoting constructive activity and limiting overly-extractive and speculative processes. The principles of regenerative economics are designed to be universally applicable and can be used to understand and solve various social, environmental, and economic problems. The article concludes that the science of regenerative economics can help turn the tide in a positive direction by providing a rigorous framework for understanding and promoting systemic health. The principles of regenerative economics are not limited to economics, but can be applied to various fields, including politics, healthcare, education, and urban planning. The article emphasizes the need for a global transition towards regenerative economics, which can help address issues such as inequality, environmental degradation, and economic instability. Overall, the article presents a comprehensive and rigorous framework for understanding and promoting systemic health in socio-economic systems. |
| Scientific Methods | After carefully analyzing the article, I have identified several research methods used: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Overall, the authors used a range of research methods to study the structure and dynamics of complex systems, including economic systems, ecosystems, and social networks. These methods allowed them to analyze the interactions and behaviors of individuals and groups within these systems and to identify patterns and trends in the behavior of complex systems. |
| Article contribution | The article "Measuring regenerative economics: 10 principles and measures undergirding systemic economic health" (2019) presents a comprehensive framework for understanding and measuring the health of economic systems. The authors, Brian D. Fath, Daniel A. Fiscus, Sally J. Goerner, Anamaria Berea, Robert E. Ulanowicz, and Sally J. Goerner, propose 10 principles and measures to assess the systemic health of economic systems, which they term "regenerative economics." The article's contribution to regenerative economics can be summarized as follows: 1. 2. 3. * Principle 1: Maintain robust, cross-scale circulation of critical flows. * Principle 2: Regenerative re-investment. * Principle 3: Organizational structure. * Principle 4: Relationships and values. * Principle 5: Maintain a healthy balance and integration of small, medium, and large organizations. * Principle 6: Maintain a healthy balance of resilience and efficiency. * Principle 7: Maintain sufficient diversity. * Principle 8: Promote mutually-beneficial relationships and common-cause values. * Principle 9: Promote constructive activity and limit overly-extractive and speculative processes. * Principle 10: Promote effective, adaptive, collective learning. 4. * Total System Throughflow (TST) * Network Aggradation * Robustness Index * Developmental Capacity (C) * Ascendency (A) * Resilience (R) 5. The article's contribution to regenerative economics is significant because it: 1. 2. 3. 4. Overall, the article provides a significant contribution to regenerative economics by establishing a conceptual framework, introducing the concept of regenerative economics, defining the 10 principles, developing quantitative measures, and applying the framework to real-world economic systems. |
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