From economist Anne Case and Nobel Prize winner Angus Deaton, a groundbreaking account of how the flaws in capitalism are fatal for America's working class.

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Azmanova’s new critique of capitalism focuses on the competitive pursuit of profit rather than on forms of ownership and patterns of wealth distribution. She contends that neoliberal capitalism has mutated into a new form—precarity capitalism—marked by the emergence of a precarious multitude. An iconoclastic critique of left orthodoxy, Capitalism on Edge confronts the intellectual and political impasses of our time to discern a new path of emancipation.

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"Too often, Sperling found that we measured economic success by metrics like GDP instead of whether the economy was succeeding in lifting up the sense of meaning, purpose, fulfillment, and security of people. In Economic Dignity, Sperling frames the way forward in a time of wrenching change and offers a vision of an economy whose guiding light is the promotion of dignity for all Americans."

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Our current economic growth is neither inclusive nor is it sustainable. One of the key drivers for this development is what we call the triple productivity crisis. If we want to get on an inclusive and sustainable growth path, we need to address the three main drivers of this crisis and rethink our approach to productivity and growth strategies. A viewpoint submitted to the Future Markets Consultation by the Bertelsmann Stiftung, a German think tank.

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The Power of AND details an emerging business model built on five key concepts:

• prioritizing purpose as well as profits;
• creating value for stakeholders as well as shareholders;
• seeing business as embedded in society as well as markets;
• recognizing people’s full humanity as well as their economic interests; and
• integrating business and ethics into a more holistic model.

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Over the last year the welfare state has been at the core of public debates. One idea in particular, namely unconditional universal basic income, has gotten a lot of attention. In my report, written as part of the Future Markets Consultation, I argue that a combination of extended basic services, a job guarantee and benefits as rights is a better solution. This option does not stimulate market individualism, but strengthens social cohesion, as these solutions are based on the reciprocal principle of enabling everyone to contribute to and benefit from the common good.

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Various innovative ideas, such as an unconditional universal basic income, job guarantee and universal basic services, today seem less radical and utopian than they used to be. But should we put our faith fully in one of these options, seeing it as a silver bullet solution to all of our problems? Or should we, instead, advocate for an innovative combination that brings together the strengths of different ideas? During an online event on 29 April Sam de Muijnck (chairman of the Think Tank of Young Economists of the Future Markets Consultation) will present his report, followed by a panel discussion.

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The jury read all the submissions for the essay contest of the Future Markets Consultation with great interest. We would like to cordially thank all participants for sharing their ideas and views on the future of the market economy in Europe. The essays provide great input for our final consultation report, which we will publish later this year. The winner in the category master students is Camila Posada, with her essay 'A New RuleBook for a New Transition'. In the category young scholars Fausto Corvino is the winner, with his essay 'A Fair Allocation of the Costs of Precarious Employment'.

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Never in human history has wage income been so fragile and transitory. Even if precariousness were to be considered as, all things considered, desirable (or at least inevitable), it would have to be regarded as a negative externality of economic and technological development, and as such it should raise a problem of justice concerning the distribution of costs vis-a-vis benefits of cooperation. I will therefore argue that the main problem of those people who lack a fixed-term job, at least in Europe, is that they live as precarious workers in a world which is still designed for permanent workers.

Winning essay in the category young scholars of the Future Markets Consultation essay contest

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This paper examines the labor market, and argues that quotas should increasingly be used in the hiring process. At a time when more women than ever before are leaving the labor market due to imposed shutdowns stated to combat COVID-19, as well as persistent economic inequality between white people and ethnic minorities, together with the fact that an entire generation of young people have had their grades and education disrupted or stopped because of the pandemic, the allocation of jobs in many sectors can no longer be left to the market mechanism. The use of quotas to ensure that every segment of the community is in gainful employment is therefore recommended and is aligned with the concept of “inclusive development”.

Nominated essay in the category young scholars of the Future Markets Consultation essay contest

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