Why we need sustainability standards that take the environment to the bottom line — Richard Murphy

To function efficiently and effectively as a policy tool capable of addressing emerging social and ecological challenges, political economy based on MMT analysis must be based on true cost accounting that takes externality into account. Focus on full employment as a policy goal is necessary but not sufficient. In fact, ecology is arguably the most important consideration in that it is now an existential threat.

Tax Research UK
Why we need sustainability standards that take the environment to the bottom line
Richard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum

See also

Prime
To save the climate – don’t listen to mainstream economists
Steve Keen