business ๐ Rethinking economics through a decolonial lens
A new book argues that economics needs decolonization because it overlooks colonialism's impact on global economies. Authors contend that modern economic theories were shaped by colonial power dynamics in wealthy nations. The discipline must shift focus from elite benefit to building people's actual capabilities and well-being. This involves challenging Eurocentric views on scarcity and free trade theory's history. Ultimately, it calls for valuing community and ecosystems over mere economic productivity. ๐