totaløkonomisk

Totaløkonomisk is a Danish term that translates to "total economic" or "holistic economic." It refers to an approach that considers all aspects of an economic situation or decision, rather than focusing on isolated factors. This perspective emphasizes the interconnectedness of various economic elements and their combined impact.

When applied to policy-making, a totaløkonomisk perspective means that the effects of a decision are analyzed not just in terms of immediate financial costs or benefits, but also in terms of their broader societal, environmental, and long-term economic consequences. For example, a policy might seem economically beneficial in the short term due to cost savings, but a totaløkonomisk analysis would also consider its potential negative impacts on employment, public health, or the environment, and how these might indirectly affect the economy in the future.

In business, a totaløkonomisk approach involves evaluating investments or strategies by looking beyond just the profitability of a single project. It considers how that project fits into the overall business strategy, its impact on other departments, its contribution to the company's sustainability goals, and its long-term value creation. This holistic view aims to ensure that decisions are not only profitable in isolation but also contribute to the overall health and success of the entity. The core idea is to avoid short-sightedness and embrace a more comprehensive understanding of economic realities.