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New Economics movements around the world
  • deadman325 November 2011 +1 -1

    We can either decide that all we want to achieve is more regulation, and higher taxes on the rich. Or we can take this opportunity, in a moment where people are aware and interested in political and economic problems, to examine the deep underlying problems facing humanity.

    In 1973, two important works of economic theory were published. One was The Limits to Growth, a report by scientists which proved that infinite growth (as espoused by all our current economic models, whether capital or socialist) was impossible on a finite planet. It was violently attacked by corporations and governments as 'irresponsible nonsense'. The second was by an economist, E.F. Schumacher, (a former protege of John Maynard Keynes), entitled Small Is Beautiful. In it, he laid out seminal ideas for entirely different ways of thinking about economics which didn't rely on infinite growth, and the pursuit of size for its own sake.

    In recent years, his ideas have found great currency because they deal not only with environmental issues and resource insufficiency (most relevant today in issues like climate change and peak oil), but of politics and democracy, inequality, the role of technology, industrial relations, and consumerism.

    Across the US and the UK, thousands of communities have taken on small scale economic experiments, such as alternative currencies, in an effort to relieve them of dependence upon fossil fuels, big corporations, and governments that are often unable to provide what is and what may be required in years to come.

    The New Economics Institute has already been active in engaging with the Occupy Movement in New York. The Schumacher Institute and the New Economics Foundation in the UK are other organisations made up of leading academic and professional economists (some of whom have been former advisers to the White House such as Gar Alperovitz and Gus Speth) working together for change.

    I think it would be fantastic if the Occupy movement were to look into some of these ideas, because they really get to the heart of what we're about. I've posted some links above.
  • slave November 2011 +1 -1
    I have seen many establishment or "former establishment" agencies pretending reform, even radical reform and "revolution".

    My response is "follow the money". Understanding their funding source (direct and indirect) and their hierarchy will reveal to you much about the god they are serving.

    While knowledge of economics is essential in analyzing our current state under global capitalism, we must understand that this subject itself is much politicized and must be better or more carefully approached as "political economy" with attention to the class character and interests represented in its various expressions by different organizations.
  • deadman325 November 2011 +1 -1
    The NEF are a non-profit organisation and listed as a registered charity, not to be confused with the George Soros-funded Institute for NewEconomic thinking. You do have a point, but the general idea is about self-reliance, so its hardly going to be driven by an agenda to channel discontent into convenient places.