Transformative economics
Transformative economics is an alternative theory of socio-economics derived from "Progressive Utilization Theory", as expounded by the PROUT organisation founded by Prabhat Ranjan Sarkar .Traditional capitalism treats humanity as an input (labour) and cost (wages), with the result being the accumulation of capital. Transformative economics attempts to turn this on its head and make the outputs of the economic system work for humanity, by placing environmental and local community needs at the foundation of economics.
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