Radical inequality and radical economic dislocation causally linked
A modern understanding of economies as complex, adaptive, interconnected systems forces us to conclude this and that one brings and amplifies the other.
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 the are connected in any way.

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.
Immediately related elementsHow this works
-
Gardens of Democracy Â»Gardens of Democracy
True Capitalism - We're All Better Off When We're All Better Off Â»True Capitalism - We're All Better Off When We're All Better Off
Radical inequality and radical economic dislocation causally linked
Complexity economics shows economy is never in perfect balance Â»Complexity economics shows economy is never in perfect balance
Economic systems are ecosystems Â»Economic systems are ecosystems
Economies behave non-linear and irrational, often violently Â»Economies behave non-linear and irrational, often violently
How economic inequality harms societies Â»How economic inequality harms societies
Traditional economics considers economy an equilibrium system Â»Traditional economics considers economy an equilibrium system
Traditional theory assumes economies are linear systems Â»Traditional theory assumes economies are linear systems
+Kommentare (0)
+Verweise (5)
+About