5 Big Ideas For A New Economy. An exciting moment is upon us, where some of the assumptions that have long governed our economy are beginning to unravel.
There is the possibility that we could come out of this recession with a new concept of what the economy is, who it serves, and how it works. Reflecting on history, we know that moments for truly re-thinking the economy are scarce. The replacement of mercantilism with liberal economic theory was such a moment. The Keynesian revolution was another. But where will this current moment of crisis take us? The truth is that it is actually up to us to decide what is to be on the menu of new economic thinking; what ideas take hold, what solutions gain staying power.
Shift from outsourcing to insourcing A few weeks ago, the White House hosted a forum on “insourcing”--the idea of keeping jobs that would normally go overseas in America--with an aim to bring jobs back to the United States and stimulate local and regional economies. Access the wealth of the (hyper) local.
The “Full Employment” Fallacy. Posted by Guest Author on Wednesday, June 5, 2013 · 50 Comments Written by: Guy Fraser What does a 1912 Baker and a 1959 Opel have in common? In 1973, a small team of engineers took an existing production car – an Opel made in 1959 – and made some changes. The result was demonstrated at the Wood River competition: A car that did 376 miles per gallon! 40 years later, in 2013, Volkswagen unveiled an eco car that does 313 miles per gallon. Reimagining Capitalism: Bold Ideas for a New Economy.
The Nation asked a playful question and got back serious answers.
Imagine you have the ability to reinvent American capitalism: Where would you start? What would you change to make it less destructive and domineering, more focused on what people really need for fulfilling lives? About the Author William Greider William Greider, a prominent political journalist and author, has been a reporter for more than 35 years for newspapers... Also by the Author The new Fed chair came out in strong support of working families and the unemployed in her foundational speech this week. After all, no country in the world can match our bloody record for overthrowing foreign governments. We put the question to an eclectic list of people who are known for thinking long term—public-spirited veterans of business and finance, optimistic activists, inventive policy thinkers. The problem, of course, is that none of these ideas have any traction in regular politics.
L. Does all this sound too fanciful? L. Vincent A.