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How to Overcome the Triple Productivity Crisis? A Proposal to Realize Sustainable & Inclusive Growth
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.
Rethinking Our Rights to Resources
If you find a seashell on the beach, it means that you may keep it. This is a thought that many may find natural. For the same reason we may not object to a company that uses machines to collect a lot of seashells at once, especially because the company invested in buying the machines and the labor required to operate the machines. But what if the company prevents others from collecting seashells? Should not everyone have the same right to collect seashells? Assuming such equal rights to resources has significant implications for how the current economy is organized and I argue that rethinking this organization may help to address both the challenge of wealth inequality and several ecological challenges.
Nominated essay in the category young scholars of the Future Markets Consultation essay contest
Laissez-Concurrencer!
The 21st century presents challenges that the European market economy seems unable to resolve, sowing dissatisfaction and opening the door for populists and authoritarian forces. To address these challenges, we must change our conception of the market economy and its relation to the state. Free markets will not miraculously solve or even address pressing issues. Instead of free markets, we must ensure competitive markets; instead of a value-free economy, we must embrace a normative economy that explicitly directs competitive markets towards the issues most pressing to European citizens.
Nominated essay in the category young scholars of the Future Markets Consultation essay contest
Moving Forward and Finding Balance in a Dynamic System
We must place current developments in perspective. Rightly pointed out by some, climate change is the much bigger wave that lies behind Covid and that approaches faster than many care to admit. The parallels between dangerous climate change and the above-described flaws in our financial and economic system are plain. In fact, climate change and a flawed economic system might not even be two separate problems.
Nominated essay in the category master students of the Future Markets Consultation essay contest
Circular Economy in Degrowth for Environmental Sustainability
During the span of my life, the world has seen growth in wealth, health, and innovation like never before. At the same time, the world has become aware that human actions are affecting climate change, environmental pollution, biodiversity loss and more, with potential catastrophic consequences. In quest for solutions, Future Markets Consultation initiated the essay question: How can the freedom and innovation that free markets provide be squared with environmental sustainability and social justice?
Nominated essay in the category master students of the Future Markets Consultation essay contest
The Challenge for a Future Economy that Promotes Human Flourishing Is Broadening What Economists Value
The neglect of economics’ inseparable philosophical and political foundation is problematic in itself already for a plentitude of reasons. To make matters worse, the evaluative framework that underpins mainstream economic thinking only allows for a particularly narrow class of considerations to enter the discussion of what constitutes the conditions for human flourishing. In this essay, I will address the limitations of this welfarist evaluative framework by building on the pioneering work of Amartya Sen.
Nominated essay in the category master students of the Future Markets Consultation essay contest
