“Fighting anti-Black racism in the corporate world needs to be done in partnership with academia. After all, business schools in particular play a critical role in shaping the next generation of leaders, and Black representation (or lack thereof) in materials and faculty has an impact on not only who leads businesses but also how they lead. The authors lay out three areas.”
The latest book by Villanova University’s Eugene McCarraher, who teaches humanities, is a deep dive into the history of a perverted love story and a false religion — the western worship of money and markets. The author testifies against a creed that has dominated our lives since the 17th century and offers an imaginative look at what can help us break the spell. In the following essay, cultural historian Lynn Parramore discusses The Enchantments of Mammon: How Capitalism Became the Religion of Modernity.
“Critics and endorsers alike concede that ‘optimal’ carbon pricing schemes which are cost-efficient and environmentally effective in theory may be politically unfeasible in practice. But a ‘clash of paradigms’ persists regarding what this means in practical political terms. Windows of opportunity to pass comprehensive climate legislation are few and far between. Should governments double down on carbon pricing or diversify their policy portfolios? How big a difference does a carbon price make for the climate?”
“In Good Economics for Hard Times: Better Answers to Our Biggest Problems, Nobel-Prize winning economists Abhijit V. Banerjee and Esther Duflo carefully lay out evidence to provide a grounded approach to tackling today’s most pressing global problems. With a focus on alleviating inequality and poverty, Banerjee and Duflo’s book clears a path for more interdisciplinary work centred on improving citizens’ wellbeing and protecting human dignity, writes Shruti Patel.”
This upcoming Monday the closing dialogue will take place of our series on the future of capitalism. Topic will be a more just and sustainable economic model for Europe, with this time four guests from four different European countries: Luis Garicano (Spain), Dalia Marin (Austria/Germany), Lucrezia Reichlin (Italy), and Geert Noels (Belgium). Can we develop a serious economic alternative for the Chinese and American model? Can we, despite the different cultures and countries we come from, find uniting ground for a European economic model? We cordially invite you to join the dialogue and submit your questions!
“As the policy failures of recent decades have shown, navigating the intersection of economic theory and practice is never easy, especially when powerful and wealthy interests are involved. The task for economists, then, is to debate not just economics but political economy, and their own place in it.” A review of four recent books
“What is the political, philosophic, and economic system known as socialism? […] In seeking to make the case for socialism—and to understand impediments to a world governed by people’s needs rather than corporate profits—thinkers in the socialist tradition have grappled with topics as varied as colonialism, gender, race, art, sex, psychology, economics, medicine, ecology, and countless other issues. As such, this Reading List makes no claim of being exhaustive; rather, it seeks to achieve two modest goals: to acquaint readers with a handful of key socialist preoccupations, and to demonstrate how the core concepts of socialist thought have been articulated at different historical moments and taken up by women and people of color.”
In this viewpoint for the Future Markets Consultation, submitted by Italian civil servant Marco Senatore, a proposal is made to create a non-monetary market for moral, organisational and cultural values, that would contribute to a deep renewal of economics and foster a deeper sense of community.
The recording of our live cast on whether a different market economy can work in practice (16 November) with economist Luigi Zingales and economic refomer Christian Felber is now available. The interview with Zingales and the interview with Felber, part of the episode, are also available as separate videos.
Every episode of the online dialogues between visionary economists, organized as part of the Consultation, starts off with a personal reflection by one of the members of the Consultation’s Think Tank of Young Economists. This is the reflection of Eefje de Gelder at the start of the dialogue ‘Can a Different Market Economy Work in Practice?‘ (16 November).
“During the COVID-19 pandemic, shopping, entertainment, and communication have moved online, and tech firms’ share prices have soared. In the latest installment of CoronaNomics, PS contributor J. Bradford DeLong and NYU professor Scott Galloway join The Independent’s Ben Chu and The Telegraph’s Lizzy Burden to discuss whether we are entering an era of higher productivity, or one of surveillance capitalism, monopoly power, and spiraling inequality.”
Can A Different Market Economy Work in Practice? Tonight in Dialogue: Christian Felber & Luigi Zingales
Our guests in today’s online dialogue of the Future Markets Consultation are Christian Felber and Luigi Zingales. Felber is among others the founder of Economy for the Common Good, a social movement advocating an alternative economic model. Zingales co-developed the Financial Trust Index, designed to monitor the level of trust that Americans have toward their financial system and is critical of monopolies dominating today’s economy. Topic of discussion – you are cordially invited to join at 18.30 CET – is whether a different market economy can work in practice.
Every episode of the online dialogues between visionary economists, organized as part of the Consultation, starts off with a personal reflection by one of the members of the Consultation’s Think Tank of Young Economists. This is the reflection of Sam de Muijnck at the start of the dialogue ‘The New Corporate Power Concentrations‘ (9 November).
This viewpoint is a call to let a parallel economy come into existence that empowers people and connects companies with a commitment sustainability (including social sustainability). An economy where money is only a means, not an end in itself. A parallel economy that is provided with the necessary financial resources through cooperative finance, with the aim of a powerful acceleration of the sustainable transition. A viewpoint submitted to the Future Markets Consultation by Dutch NGO United Economy.