Tuesday, December 8, 2015

New Economics: Latest Thinking and Actions

As the end of a pivotal year approaches, we've gathered some suggested reading on new economy thinking and actions to prepare for a 2016 of promoting dialogue toward important reforms.

Selected articles from International Academy of Consciousness on consciousness and economics. 
http://www.iacworld.org/?s=Economics&lang=enEthical alternatives to Cooperative Banking

http://www.theguardian.com/money/2013/oct/23/ethical-alternatives-co-operative-bank

Selected articles from New Economics Foundation:

Systemic Change
Revealed: how corporations captured our democracy
Recent revelations about VW cheating emissions tests have underlined the obvious fact that private business interests are not the same as those of the public.
http://www.neweconomics.org/blog/entry/revealed-how-corporations-captured-our-democracy


New Indicators
http://www.neweconomics.org/blog/entry/forget-gdp-how-is-our-economy-really-performing
http://www.neweconomics.org/blog/entry/scotpound-a-new-digital-currency-for-scotland


If we want a future based on social, economic and environmental justice, we have to organise for it now. That means constantly learning from others who are fighting and winning their struggles, not just in Britain but around the world.http://www.neweconomics.org/blog/entry/six-websites-all-campaigners-should-know-about

Orthodox free market economists often like to portray their discipline as being as objective and impartial as any of the natural sciences. Milton Friedman once argued that economics should be considered an 'exact science', like chemistry, physics or medicine. 

We need a steady-state economy, with upper limits on wages and a drastically reduced financial sector. If we want the planet to continue sustaining human life, then we must steer the economy away from growth and ever-increasing production of consumer goods.
Most local problems share the same underlying social and economic causes. The best way to prevent them, says the Commission, is to change systems, which involves changing habitual ways of thinking, organising and working. While some of the underlying causes, such as poverty and inequality, are best tackled at national level, there is plenty of scope for local early action. 

Five indicators beyond GDP: In our new report released today, we set out five headline measures of national success for the UK. Our aim is to re-align government policies with what evidence has shown that we, the UK public, want our economy to deliver. In it, we have moved from an economy of over-consumption, through-put and waste, and the anachronism of overwork and unemployment, to one which the ecological economist Herman Daly describes as, "a subtle and complex economics of maintenance, qualitative improvements, sharing, frugality, and adaptation to natural limits. It is an economics of better, not bigger." Life satisfaction scores tend to be much higher among people with a more communally oriented set of values than those who are materialistic and individualistic. They are also less driven to consume for its own sake. Kick the addiction. Get time-rich. Be happy.

Adopting these indicators – which capture performance on Good Jobs, Wellbeing, Environment, Fairness and Health – will provide a clear picture of the UK’s social and economic performance, and focus policy-makers attention on the things that genuinely matter to the UK public.
Organizing for Change - Digital Solutions


The new national digital currency, ScotPound, would be created alongside a free-at-point-of-use payment system, ScotPay. ScotPound would be non-convertible and purely digital, operated through an arm’s length public enterprise – BancaAlba.

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