The Institute for Economic Evolution is pleased to announce the publication of “A Case for Design and Speculative Economics: Leveraging Interdisciplinary Pressure to Disrupt Economic Orthodoxy” by Vinny Tafuro in the World Futures journal. This article introduces the concept of design economics and proposes a new framework for addressing contemporary economic challenges.
Tafuro’s article presents three key tenets that form the foundation of design economics:
- Acknowledging Change: Recognizing that social systems evolve in response to social and environmental realities, and that all paradigms have a lifespan.
- Embracing Creativity: Advocating for inclusive, interdisciplinary approaches that account for dynamic systemic change.
- Cultivating Literacy: Emphasizing that economic literacy informs and drives social and political discourse.
The work draws from established foresight methods to create a Design Economics Framework, aiming to provide a structure for evolving economic thought. It builds upon ideas from thinkers like Hazel Henderson, Marilyn Joy Waring, and Riane Eisler, who have challenged traditional economic thinking in past decades.
Tafuro argues that current economic orthodoxy, based on outdated paradigms, struggles to address the rapidly evolving social, environmental, and technological landscapes of our world. The proposed framework seeks to offer a more adaptive approach to these challenges.
The article suggests that design economics and speculative economics could serve as interdisciplinary tools available throughout academia. This approach aims to promote academic discourse that current economic orthodoxy must acknowledge and engage with.
This publication in World Futures represents a step towards formalizing the concept of design economics. It invites economists, policymakers, business leaders, and citizens to consider a different approach to economic thinking – one that is more adaptive, inclusive, and sustainable.
As the Institute for Economic Evolution continues its work in exploring innovative economic ideas, this article serves as a contribution to the ongoing dialogue about the future of economic systems. It aligns with our mission to find, support, and share data-driven and design-centered economic ideas.
We encourage readers to explore the article and consider its implications for economic theory and practice. The full article is available through the World Futures journal, and we welcome further discussion on these ideas.
Prompt: Vinny Tafuro | Composed: Claude 3.5 Sonnet | Edited: Vinny Tafuro