From Sunday through Wednesday this past week, I attended
the meeting of the United
States Society for Ecological Economics, for which I currently
serve as a board member. I was thrilled and inspired by my first encounter at
this meeting with feminist economists Nancy Folbre and Julie Nelson
(more on them in a minute). First, let me explain the purpose of USSEE. Our
tagline is, ‘Transforming the Economy for a Just and Sustainable World’. We are
an interdisciplinary academic society comprised of economists, biologists,
ecologists, geographers, engineers, sociologists, etc., and we are generally
concerned with promoting human well-being without irreparably degrading the
integrity of the environment. We believe that we need fundamentally new ways of
thinking about, measuring, and designing societal progress in order to
accomplish these dual goals (supporting human well-being and protecting the
environment).
There are some obvious parallels between ecological
economics and feminist economics. Scientists have long pointed out that the
ways in which we measure the strength of the economy—mainly, using gross
domestic product (GDP) or stock market activity—ignore completely the contributions
of the natural world, without which the economy would not be able to function.
What we measure tends to be what we value, so leaving out nature in the
accounting scheme can create perverse outcomes, as ecological systems are
sacrificed for short-term economic profit. One example is the BP oil spill in
the Gulf of Mexico in 2010. This event was devastating for the ecology and
human well-being in the Gulf region. However, the oil spill actually
slightly increased the GDP of the
United States through clean-up costs, lawsuits, etc. In other words, GDP
does not distinguish between economic activity that benefits people and the
planet, and economic activity that results from people screwing up and needing
to fix things.
In the same way, feminist economists point out that GDP
and the stock market don’t measure the value of a lot of human activity that
contributes greatly to human well-being and to economic productivity. Examples
include caring for children, the sick, and the elderly; keeping a clean and
healthy home; and volunteering. Do you notice a pattern here? All of these
activities are traditionally associated with women (although men have been
stepping up to do more of them in recent years). Women and nature are truly the
‘invisible hands’ that prop up the economy—unrecognized, unacknowledged,
un-counted—but absolutely essential.
Just as a thought experiment to reinforce this point,
imagine what would happen if women (and some men) collectively walked off the
job—just quit doing all of the un-paid activities that support healthy homes
and communities around the world. To put it bluntly, an entire generation would
be wiped out. The workers of tomorrow, who would be producing the ideas and
labor to fuel the future economy, would not exist. Human society as we know it
would collapse.
Similarly, what would happen if nature ‘walked off the
job’—stopped assimilating our wastes, stopped producing oxygen and clean water,
stopped providing a relatively stable climate? It’s pretty clear human society
wouldn’t last very long.
In the spirit of, ‘we don’t value what we can’t measure’,
some economists are addressing the fact that the economy takes women and nature
for granted by advocating that we measure progress using the Genuine Progress
Indicator (GPI), rather than using GDP. The GPI counts the value of non-paid
work in the home and community, and subtracts the value of economic activity
that damages the environment or is not correlated with human well-being. As it
turns out, when
you measure well-being using GPI, people in the United States have not been
getting any better off since about 1975. Yet, we’ve been generating a lot more
economic activity. It begs the question: what is all that economic activity
for, if not to make us happier and healthier?
What solutions would you propose? How can we recognize
and value the contributions of women and the environment to our economies and
societies? By the way—if this topic sparks your interest, follow USSEE on
Facebook, Twitter or LinkedIn!
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