Principles for sustainability: the need to shift to a sustainable conventional regime

This paper argues that the present dominant economic system rests upon unquestioned beliefs that are in a deep contradiction with the pursuit of sustainable development. The economics of conventions is used as an analytical framework through which to demonstrate the conflict between the dominant conventions underpinning societal development and the objectives of sustainable development. It suggests that a trajectory towards the objectives of sustainable development should be managed through a reflexion concerning the conventional principles required to be adopted in order to favour the emergence of a new conventional regime. The principles of proximity, the increase in individual and collective capabilities, and participative democracy are presented as possible principles that could be adopted in order to favour the emergence of a new conventional regime. Copyright Springer Science+Business Media Dordrecht 2015