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Greenhouse care economics: a solution to the capitalist's dilemma

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  • Monowaruz Zaman

Abstract

This paper argues that the challenges like poverty, inequality, debt crisis, recession or environmental damage faced by our current world are created because of the individuals who hold the control of our capitalists institutions are in dilemma similar to prisoner's dilemma. It tells that a capitalist's growth compulsion is driven by his competitors' profit maximisation goal. Whatever the crisis, poor people are the most affected. The subset of the population becoming poorer can be tracked by measuring their Real Income to Contribution Ratio (RICR). The answer to poverty lies in gradually improving their average RICR from a benchmark position. The concept of Greenhouse Care Economics (GhCE) suggests that this can be achieved by bringing them together under a common framework. If the framework is implemented across a country and eventually across the world to solve poverty problems, it will act against the capitalist's dilemma through a vertical learning process and will pave the way toward green economics.

Suggested Citation

  • Monowaruz Zaman, 2012. "Greenhouse care economics: a solution to the capitalist's dilemma," International Journal of Green Economics, Inderscience Enterprises Ltd, vol. 6(2), pages 189-204.
  • Handle: RePEc:ids:ijgrec:v:6:y:2012:i:2:p:189-204
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    Cited by:

    1. Zaman, Monowaruz, 2018. "Economics of Information Biasing: A Unified Economic Theory That Leads to New Sustainability Concepts," MPRA Paper 86527, University Library of Munich, Germany, revised 24 Apr 2018.

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