The real economy

Food, shelter, clothing, fuels, minerals, forests, fisheries, land, buildings, art, music and information are real wealth. Money by itself is not. Money is circulated among people who use it to buy real wealth.

— Odum and Odum (2001, 91)

Unfortunately, almost everything we hear about “the economy” through the media reflects an obsession with “growth,” as defined by increasing circulation of money. Meanwhile the planet continues to grow more impoverished.

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