Most people are familiar with economics, but not doughnut economics, which focuses on sustainability. Prof. Torben Larsen, from DEALs Online Collaborative Platform and the University of Southern Denmark, goes in depth with its applications in his recently published book, Applied Doughnut Economics and Neuroeconomic Psychology for Business and Politics. Prof. Larsen graduated from the University of Aarhus, Denmark. During his student years, he tried transcendental meditation, which became decisive for his career as a health economist. He has studied neurophysiology and has led multidisciplinary projects with physicians, psychologists, nurses, and therapists. This produced a series of academic awards, of which the most distinguished is a financial award from `The Lundbeck Foundation` in a national competition that later resulted in his position as a health economic consultant at University of Southern Denmark.
What is your mission for Applied Doughnut Economics and Neuroeconomic Psychology for Business and Politics?
Prof. Larsen: The mission of Applied Doughnut Economics and Neuroeconomic Psychology for Business and Politics is to present economics as a broad scientific alternative to religion following the Principles of Economics (8th ed.) (Marshall, 1890). University economics has been in crisis since the 70s and Neuroeconomics roots behavioral economics in positivist science. As a pensioner, I do have the time, freedom of thought and broad scientific experiences to develop the lacking link from basic to applied science.
What are some of the benefits of your research to its community?
Prof. Larsen: The theory of human capital states that human know-how on production is a productivity factor which is confirmed by econometric research. So, Applied Doughnut Economics and Neuroeconomic Psychology for Business and Politics is structured with a view on dissemination of human capital. Originally, economics was termed the dismal science, focusing the root of negativity rather than utopia. Today, economics is well-established as a tool for decision-makers. Now, economics has become the faith of ordinary laymen. To fulfill such a role, it must guide ordinary people solidly on general societal challenges as well as helping individuals in their ordinary business life.
How have you seen your field evolve over the past five years, and how does your publication continue the evolution?
Prof. Larsen: The basic experimental neuroeconomics have not really improved the last ten years wherefore the review based model from 2017 is still valid.
What are other areas that your readership would find of interest?
Prof. Larsen: Students of political science are more open-minded than students of economics that are more extraverted (Vedel, 2016). Further, the inclusion of meditation in part three of Doughnut Economics gives a link to the new age culture that counts millions of people whereof a minority is supposed to have benefitted markedly from regular meditation (Raworth, 2017).
Hear from the Expert: Prof. Torben Larsen
Explains Doughnut Economics
What has your experience been like publishing with IGI Global?
Prof. Larsen: I`m very satisfied with the collaborative relations with IGI Global and do believe in a good final outcome.
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References
Marshall, A. (1890). Principles of Economics (8th ed.). The Online Library of Liberty.
Raworth, K. (2017).Doughnut Economics. Chelsea Green Publishing.
Vedel, Anna. (2016). Big Five personality group differences across academic majors: A systematic review. Personality and Individual Differences, 92, 1-10. https://www.sciencedirect.com/science/article/abs/pii/S0191886915300921.
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