Regenerative economics is based on the notion of the earth as the original capital asset, and so places value on the environment.
The most widespread definition of economics involves the allocation of wealth, in the context of the human monetary system.
Traditionally, economics in financial institutions do not account for all of the social costs human activities, which disrupts the circulation of resources within a system and causes externalities.
This is a needs-based system created by Glenn Phelan which is part of many new needs-based systems designed to end poverty and hardship, greed, debt and corruption, where freedom, equality, safety, security stability and peace is possible for the whole human race.
Nothing is owed and nothing needs to be paid back, and it can be substituted in societies pegged 1 to 1 anywhere in the world and can be used 1 for 1 globally where real-world equality can finally be created.
[5][6][7] Specifically, it states there needs to be a focus not only in addressing systematic problems but also to strength human and ecological wellbeing.
[7] Transforming the economic system to become more sustainable requires more than just reallocating the money supply or strengthening the roles of financial regulators.