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Insights

Essays, talks and reflections by Tom Foster, founder of EcoProsper Consulting, on economics and the design of safe and fair futures within multiple ecological limits

June 2026

Rethinking money for a doughnut economy

Kate Raworth's Doughnut Economics Action Lab (DEAL) has now published my recent seminar, Rethinking Money for a Doughnut Economy, on YouTube (33 min).

The presentation explores how our understanding of money shapes what societies believe is possible when responding to climate change, ecological overshoot, inequality, and long-term economic transition.

Topics covered include:

  • money as credit and the origins of money
  • monetary sovereignty and public spending capacity
  • real resource limits and inflation
  • the role of public money in funding societal priorities
  • ways of bringing money more explicitly into the Doughnut Economics framework

The seminar featured in DEAL's June 2026 monthly newsletter and its Research for Action update.

Additional Resources

The following seminar resources are also available:

A. Full Zoom recording of the presentation, Q&A and chat (57 minutes)

B. Three-minute summary of the presentation and discussion

C. PowerPoint Show - Rethinking Money for a Doughnut Economy

D. PDF slide pack - Rethinking Money for a Doughnut Economy

E. Additional free resources for those wishing to explore the topic further

To access these resources click here

May 2026

Our Money, Our Power: Reclaiming Money for an Ethical Post-Growth Future

An essay by Tom Foster

July 2025

The Luck of the Draw: Generational Loss and the Young's Vanishing Future

An essay by Tom Foster

March 2024

Rethinking Banking as a Public Franchise

The article published in the March 2024 issue of Economic Reform Australia's (ERA) Review is my review of an academic paper proposing we should view the private banking sector as a public franchise, where the Federal government is the franchisor and banks are licensed franchisees of the government's public credit money. Implications of this view on public policy are described, including how this would improve financing to the real economy of businesses and households.

November 2023

The synergies between Ecological Economics and Modern Monetary Theory (MMT)

YouTube (18:35min) video of my presentation during the Rethinking Economics Australia (REA) panel session at the New Economy Network Australia (NENA) 2023 conference in Canberra.

Panel commences with Dr Michelle Maloney of NENA presenting Dr Mary Graham’s work on the Relationship Ethos from the indigenous perspective

5:45min Dennis Venter of REA on the broader range of orthodox and non-orthodox economic theories and frameworks available

11:55min. My presentation on the “The synergies between Ecological Economics and Modern Monetary Theory (MMT), with an introduction to the Master of Economics of Sustainability course that is teaching this”.

September 2023

The F-twist – realism, economic policy analysis & climate change

In this two-part article published in the September and November 2024 issues respectively of Economic Reform Australia's (ERA) Review, I discuss how mainstream (or orthodox) economic theory does not behave as a science and the impact of this on climate policy. I also contrast economics to my experience in a Science, Technology, Engineering & Mathematics (STEM) profession.

PART 1

PART 2

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