Summary
The Global Assessment for a New Economics (GANE) brings together diverse economic thinkers to challenge conventional models. Supported by ISEE and partners, the project identifies ten shared principles for transforming economics toward sustainability, justice, and wellbeing. Based on research published in Nature Sustainability, these principles include social–ecological embeddedness, limits to growth, regenerative design, equity, and participation. The work aims to unify transformative approaches and strengthen their impact in research, education, and policy.
Ten principles for transforming economics
The Global Assessment for a New Economics (GANE) is an ongoing collaborative project between researchers and practitioners with different heterodox economic backgrounds around world, supported by partners such as the Wellbeing Economy Alliance, the Club of Rome and ISEE. The aim of the project is to support discourse coalitions based on common narratives that challenge conventional economic thinking in research, education, policy and practice. Building greater discursive cohesion and power for new thinking is a key necessity for achieving economic transformation towards human and planetary wellbeing and justice.
Based on extensive structured qualitative content analysis, recent synthetic work published in the journal Nature Sustainability has identified ten principles that cut across 38 transformative new economic approaches. They include:
- social–ecological embeddedness and holistic well-being;
- interdisciplinarity and complexity thinking;
- limits to growth;
- limited substitutability of natural capital;
- regenerative design;
- holistic perspectives of people and values;
- equity, equality and justice;
- relationality and social enfranchisement;
- participation, deliberation and cooperation and
- post-capitalism and decolonization.
The results can help consolidate transformative economic approaches and support future efforts to synthesise conceptual models, methodologies and policy solutions and to validate the identified principles more explicitly within global south contexts.
Access the article direct here: https://www.nature.com/articles/s41893-025-01562-4
