Eric Beinhocker is a Professor of Public Policy Practice at the Blavatnik School of Government and the Executive Director of the Institute for New Economic Thinking at the Oxford Martin School. Beinhocker is also a Supernumerary Fellow in Economics at Oriel College, and External Professor at the Santa Fe Institute.
By Eric Beinhocker, Oxford Martin School
The biosphere and econosphere are deeply interlinked and both are in crisis. Industrial, fossil-fuel based capitalism delivered major increases in living standards from the mid-18th through late-20th centuries, but at the cost of widespread ecosystem destruction, planetary climate change, and a variety of economic injustices.