EMERGING Economic MODELs for 21st Century Challenges
“May you live in interesting times.” — English expression
The Importance of Economic Theory in Shaping Society
In the quest for sustainable prosperity, the economic frameworks we adopt profoundly shape what we believe is - and isn't - possible. These frameworks influence how we define success, allocate resources, and structure the rules of economic life. At EcoProsper Consulting, we believe now is the time to critically examine the theories we rely on - and to equip organisations with models that reflect 21st-century realities.
Old vs. New: Economic Theories for the 21st Century
Orthodox economic theories - the “old” paradigms - emerged from Enlightenment-era thinking and evolved through centuries of industrialisation and economic expansion. While these models helped enable material progress, they typically rest on assumptions of unlimited natural resources and waste sinks, perpetual growth, and narrowly defined notions of human behaviour and value.
In contrast, heterodox economic frameworks represent the “new” thinking needed for today. These approaches draw on empirical evidence, systems thinking, and more realistic assumptions about our ecological and social context. They include post-growth approaches such as Ecological Economics and Doughnut Economics, as well as Modern Monetary Theory (MMT). Together, they:
In contrast, heterodox economic frameworks represent the “new” thinking needed for today. These approaches draw on empirical evidence, systems thinking, and more realistic assumptions about our ecological and social context. They include post-growth approaches such as Ecological Economics and Doughnut Economics, as well as Modern Monetary Theory (MMT). Together, they:
- Reframe the role of energy and materials;
- Question the growth imperative; and
- Explore how money and finance can be used more purposefully.
As legacy economic models falter in the face of climate disruption, inequality, and biodiversity loss, a growing number of individuals - and organisations - are seeking economic alternatives that are better suited to today’s complex realities. A quiet but profound shift is underway.
PARADIGM SHIFT IN ECONOMIC THINKING
Just as the Copernican revolution reshaped our understanding of the solar system, we are living through a paradigm shift in how we understand economies. The polycrisis - climate disruption, inequality, and ecological overshoot - demands economic thinking that works within planetary limits and enables human wellbeing without endless material expansion.
We believe that learning about and engaging with emerging economic models is not just intellectually interesting - it’s a practical step towards a viable, desirable future.
We believe that learning about and engaging with emerging economic models is not just intellectually interesting - it’s a practical step towards a viable, desirable future.
Workshops & Presentations on Emerging Economic MODELS
EcoProsper Consulting offers tailored workshops and presentations that bring these powerful new ideas into your organisation’s conversations and strategies. Topics include:
- 21st Century Economic Theories: Equipping your team with the tools to understand and apply emerging models.
- Post-Growth Economics: Exploring Post-Growth, Ecological Economics, Degrowth, Doughnut Economics, and Just Transition principles.
- Modern Money Theory (MMT): Demystifying the role of money, taxation, and government financing in the modern era.
- Economic Education for the Future: Building literacy to empower informed, values-aligned decision-making.
Whether you’re a non-profit working on climate or social justice, a government agency planning for the future, or a business seeking long-term resilience, we’ll meet you where you are. Sessions can be delivered in-person or remotely and adapted for awareness-raising, strategy development, or leadership engagement.
Flexible and Complementary OfferingsWorkshops on emerging economic models can be delivered as standalone sessions or integrated into broader engagements - including Climate Fresk, Doughnut Design for Business, or En-ROADS. This allows your organisation to sharpen its direction with economic insights that challenge outdated assumptions, explore fresh strategies shaped by ecological realities, and align more effectively with emerging economic and environmental paradigms - all within a unified, systems-literate learning experience.
Contact Us for More Information on EMERGING EconomicS
Ready to explore how emerging economic models can benefit your organisation? Fill out our Enquiry Form to learn more about our workshops and presentations.