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‘If we want a high-growth society with broadly shared prosperity, and if we want to avoid dislocations like the one we have just gone through, we need to change our theory of action foundationally. We need to stop thinking about the economy as a perfect, self-correcting machine and start thinking of it as a garden.’-Eric Liu and Nick Hanauer
Photo:amazon.com
‘Complexity Economics Shows Us Why Laissez-Faire Economics Always Fails’
By Eric Liu and Nick Hanauer Via Evonomics
‘Markets are a type of ecosystem that is complex, adaptive, and subject to the same evolutionary forces as nature.’
‘During 2007 and 2008, giant financial institutions were obliterated, the net worth of most Americans collapsed, and most of the world’s economies were brought to their knees.
At the same time, this has been an era of radical economic inequality, at levels not seen since 1929. Over the last three decades, an unprecedented consolidation and concentration of earning power and wealth has made the top 1 percent of Americans immensely richer while middleclass Americans have been increasingly impoverished.
To most Americans and certainly most economists and policymakers, these two phenomena seem unrelated. In fact, traditional economic theory and contemporary American economic policy does not seem to admit the possibility that they are connected in any way.
And yet they are—deeply. We aim to show that a modern understanding of economies as complex, adaptive, interconnected systems forces us to conclude that radical inequality and radical economic dislocation are causally linked: one brings and amplifies the other.
If we want a high-growth society with broadly shared prosperity, and if we want to avoid dislocations like the one we have just gone through, we need to change our theory of action foundationally. We need to stop thinking about the economy as a perfect, self-correcting machine and start thinking of it as a garden.’... Continue to read
Future Economists Hard at Work, Learning the Most Important Lessons
Photo:wastetoenergysystems.com
The Shaming of Economics Education
Calling all academic economists: What are you teaching your students?
Why Economics, Economists and Economy Fail?
Economics and Economists Engulfed By Crises: What Do We Tell the Students?
Economics, Globalisation and the Common Good: A Lecture at London School of Economics
My Economics and Business Educators’ Oath: My Promise to My Students
A New Nobel Prize: Economics in the Interest of the Common Good
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Storytelling for the Common Good: Telling our Stories, Sharing the Wisdom
Out with the old, Bring on the New
A story by Steven Jay*
It was a day like any other day.
But this day was different.
I would awake to the beat of a heartbeat now so strong,
But only just a few hours past
I was holding on for dear life.
Little did I know how lucky I was
The momentary pain
The tossing and turning at night
The gasps for air when
I thought my lungs were full of
Life
And yet today, I was fortunately lucky.
Lucky I was told for
Only two or
Four out of
One hundred of what I had experienced would see the light of a new day.
And Ididn't know what had really
Happened
Until the animals would come out of
The Walls and I was talking to a man who
Wasn't there.
That seven inch cut down
The middle of my chest was forever a memory of an old life in a world I was no longer part of.
And just one minute before they put me
Under for the long sleep
I would ask The Universe for one thing and one thing only:
To spare my life and I would work for you. To serve. To empower. To bring joy to the world.
In music.
In words.
In art.
And in
Verse for the Universe
To experience
And to realize that not everyone gets a sevond chance.
And with that chance comes a
Responsibility.
To see.
To feel.
To make the difference.
To love.
To love every second of every day for everyday is a gift.
A gift to make a difference.
To heal.
To care.
To serve
To love.
On December 3, 2015 I had triple bypass heart surgery which not only saved my life but brought me closer to what is most important. I am one of the 2 to 4 percent that survive a Widowmaker heart attack. And no matter what anybody says....you never forget how lucky you are to live each brand new day for most people who have it...do not get that chance.
Copyright 2018 Steven Jay. All rights reserved
*Steven Jay is a passionate creative force and creative alchemist who has spent his life seeking solutions for human potential based on the natural world. As the Founder and Creative Director of Mobilized, he invests him time and energy in discovering passionate people who are dedicated to empowering a healthier planet and population in balance with the natural world. He spends a majority of his time deeply and passionately focused in creating and co-creating projects, partnerships and aligning with like-minded socially-aware individuals and organzations who are committed to collaboration without compromise.
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Dear Friends of the GCGI,
Every year, the season of Christmas and New Year are celebrated by peoples and families in many parts of the world. People make the effort to unite, share time and express gratitude for the love they have received. Christmas and New Year messages, trees, lights and decorations, singing carols, lighting up candles, gifts, cards, wishes and meetings happen, reminding us of Love - the central message of the man in whose name the feast is celebrated.
At this season of goodwill, love and hope, we are called upon to speak and act from our deepest selves, wisdom, resources, vision and insight. We are called to lead, each in our own way, and to participate with others, all leading together, taking action in the interest of the common good. These times are actually a call to become fully alive, awake, and to participate in all aspects of Life. The tapestry of life continues to be woven. We must remain fearless and hopeful, steadfast in our actions and find the threads woven into the fabric of our lives that are beginning to create a beautiful tapestry. The tapestry of a better life, the better world.
At GCGI we share with our entire network and friends the challenges confronting humanity due to the growing values-free actions taken by many around the world. What the GCGI seeks to offer is a vision that positions the quest for economic and social justice, peace and ecological sustainability within the framework of a spiritual consciousness and a practice of open-heartedness, generosity and caring for others.
The GCGI has from the very beginning invited us to move beyond the struggle and confusion of a preoccupied economic and materialistic life to a meaningful and purposeful life of hope and joy, gratitude, compassion, and service for the good of all.
Looking forward and walking together: A Time to Weave a New Tapestry of Life
During this festive season, we want to thank you for all of your support and friendship.
Life, indeed, is certainly and unequivocally so precious that every second of it can create a new scope for doing something valuable, something worthwhile.
The optimum opportunity life offers is for us to enjoy the spiritual joy of fellowship, a blessing incomparable with anything else. As the great Persian poet Sa'di has reminded us:
‘If I be asked on the Doomsday to freely choose what I want [I would say] let friend be ours and all the bounties of Paradise be yours.’
And when we make an assessment of our past year, we see that we have been fortunate to have been able to maintain our companionship with those people we consider sincere, honest, greed-free and sympathetically understanding, friends and companions, like you.
We wish you and the rest of your beloved family a Merry Christmas and Happy New Year. May you and yours enjoy Companionship, Joy and Wonder, and may the Peace spoken of in all faiths fill your hearts with Hope and Love.
With all our love,
Kamran and Annie
HOPE is the Tapestry that we are Weaving for Better Days at this Christmas Time
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- Composing a New Life: In Praise of Wisdom
- Mission Accomplished? The Human and Economic Cost of US Wars Since 9/11
- In search of beauty, wisdom and love? Then, come, come, whoever you are come
- The man who taught me about war and peace, hatred and love, despair and hope