In Search of A New Economic Paradigm; Part 1


Too many things too big to fail.

It could be currency collapse, an environmental collapse, a pandemic collapse, a food collapse, a water collapse, Energy collapse, a political collapse, or any number of Black Swan events – something somewhere too big to fail will fail. When that happens, it will take everything else down with it.  After all, that’s what too big to fail means.

Look on the Sunny Side

The Idea of a New Economic Paradigm is gaining modern popularity.  This declaration is a indeed a grand and lofty goal for the collective human consciousness to grasp.  But grasp it we must; both Socialism and Capitalism are bankrupted social models. Quit bickering, It’s time to move on

Do something, anything:

The point of this recurring article is to understand the ideas of other people as to what a new economic paradigm is or needs to accomplish.  The following are a few that I’ve dug up and will feature here as a repeating feature Called:  In Search of The New Economic Paradigm.

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It’s Time For A New Economic Paradigm by Joe Kresse, Foundation for Global Community

At our Center in Palo Alto, we talk about how to help evolve the present culture into one that is “integral”. This would be a culture that works for the benefit of all the people in the culture, as well as for the larger natural processes we all depend on.

The Need For a New Economic Paradigm
The failure to understand the unique qualities of land is a key cause of both the boom-slump business cycle and the wealth gap in free market economy., and only by understanding land value while regulating it properly with land value tax can these flaws be eliminated from the free market economy.

Toward a New Economic Paradigm: Summary by James Robertson, February 1992.
Current economic strategy to promote growth while changing its character is wholly inadequate. There is a new acceptance from both governments and business that the current economic path is environmentally unsustainable. Yet the full implications of the proposed solutions are still feared.

Crisis Compels Economists To Reach for New Paradigm By Mark Whitehouse ; WSJ
The pain of the financial crisis has economists striving to understand precisely why it happened and how to prevent a repeat. For that task, John Geanakoplos of Yale University takes inspiration from Shakespeare’s “Merchant of Venice.” The play’s focus is collateral, with the money lender Shylock demanding a particularly onerous form of recompense if his loan wasn’t repaid: a pound of flesh.

Evolutionary Economics- A New Economic Paradigm
Written by David Tow

The recent failure of classical economics to predict and manage the catastrophic failure of the world’s financial system has triggered a re-evaluation of the whole basis of current economic theory, which has been applied to sustain capitalism for the last 100 years.

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