Archivi tag: rethinking economics

rethinking_people

“La crisi innescata dal Covid-19 mette in pieno risalto alcune debolezze strutturali della costruzione del progetto europeo. Per questo motivo, le proposte che avanziamo intendono far fronte alle incoerenze e manchevolezze del sistema economico-istituzionale europeo sia in ottica emergenziale sia di medio-lungo periodo.”  

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rethinking_people

La crisi innescata dal virus Covid-19 ha messo in risalto le debolezze strutturali della costruzione del progetto europeo. La portata storica di questo avvenimento ci pone davanti ad inevitabili cambiamenti che occorre governare e indirizzare con forza, cogliendo l’occasione di lasciarsi alle spalle ciò che già da prima aveva dimostrato di non funzionare.
Le proposte che avanziamo intendono far fronte alle carenze del sistema economico-istituzionale europeo sia per un’efficace gestione dell’emergenza sia per una sua trasformazione nel medio-lungo periodo.

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stayhome

Have you ever wondered about how much your life is worth? Economists have always tried to give monetary value to people’s lives. Nowadays, this issue gets even hotter, since policymakers have to take into account all costs and benefits deriving from shutting down the world economy: when will the benefits of saving lives by ‘flattening the curve’ of infected individuals be outweighed by its costs?

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circular economy

Every year, humans consume way more than the planet has to offer in terms of biological and mineral resources. The day we exceed nature’s budget for the year is called Earth Overshoot Day and, according to the Global Footprint Foundation, we systematically reach it way before we should. Modern capitalist economies are designed for economic growth and the fuel of this growth is consumption. The problem is obviously that the natural resources to consume on our planet are limited.

 

Besides, the way we extract these resources is destroying natural environments and making the Earth unable to satisfy the needs of a growing population. It is also clear that the waste produced is already a serious problem since landfills have limited capacity and most of the solutions involving combustion raise obvious environmental concerns.

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istockphoto-680999232-1024x1024 (2)

In this series of articles Marco Senatore offers an analysis of the current state of economics and the proposal to establish a market for moral, organizational and cultural values. This instrument would reconcile surplus extraction and individual autonomy and therefore economics and ethics, with significant social and political implications.

The COVID-19 outbreak has undoubtedly been the greatest global challenge of the last years. The responses provided so far have been criticized or praised for their level of timeliness. However, the measures adopted are either coercive or monetary. Administrative power and money, already identified by Jürgen Habermas as the two dominant media for the systemic integration of society, confirm this role in our approach to such problems – a role that relieves social actors from the demand of strongly communicative actions[1].

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