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A bioregional economy: A green and post-capitalist alternative to an economy of accumulation

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  • Rhydian Fôn James
  • Molly Scott Cato

Abstract

Some of the most compelling explanations for the current crisis reasoning comes from a Marxist understanding of how rising inequality and accumulation by dispossession during the neoliberal era led to economic instability. Other arguments put forward tend to ignore the inappropriateness of stimulating aggregate demand in an era when we have already grown beyond the planetary boundary, as evidenced by the crises of land use, climate change, and resource depletion. It may not be possible to address these problems within a reformed capitalism; rather, such a goal can only be met within a post-capitalist ecological economy geared to production for need, not for profit. This paper sets out a post-capitalist alternative drawing from green economics and Marxian economics and applied at a local and regional level.

Suggested Citation

  • Rhydian Fôn James & Molly Scott Cato, 2014. "A bioregional economy: A green and post-capitalist alternative to an economy of accumulation," Local Economy, London South Bank University, vol. 29(3), pages 173-180, May.
    • Handle: RePEc:sae:loceco:v:29:y:2014:i:3:p:173-180
    DOI: 10.1177/0269094214526542
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    References listed on IDEAS

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    1. Harris, Donald J, 1983. "Accumulation of Capital and the Rate of Profit in Marxian Theory," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 7(3-4), pages 311-330, September.
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    Cited by:

    1. Marshall, Adam P. & O'Neill, Daniel W., 2018. "The Bristol Pound: A Tool for Localisation?," Ecological Economics, Elsevier, vol. 146(C), pages 273-281.

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