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Consumptionomics by Chandran Nair

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While resource management offers us a broader framework within which to operate, and risk minimization puts forward a general pragmatic approach to guide governments, we still need some practical maxims to determine what it is we should actually be doing.

The starting point for this has to be an awareness of the importance of gauging the resource and environmental constraints we face and what limits we should subject ourselves to. With this knowledge in place, we can determine the right level of consumption.

Asia must switch its priorities from the pursuit of growth to economic management based on sustaining its resources and productive bases over the long haul. Societies must also take action, looking at what and how much they consume. ...

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