A New Economic Paradigm? In the Concrete – Towards a New Model
A map of the world that does not include Utopia is not even worth glancing at ... (Oscar Wilde)
It is good to remember that utopia is nothing but the reality of tomorrow and that today’s reality is yesterday’s utopia. (Le Corbusier)
Politics left to managers and economics left to brokers add up to a recipe for social and environmental chaos. (Rowan Williams, Archbishop of Canterbury1)
The Great Transition – New Economics Foundation
In October 2009, the New Economics Foundation (NEF), an independent think-and-do tank based in Britain, published The Great Transition,2 its version of how things could ‘turn out right’ by 2050. The transition in question is to an economic model capable of responding to the situation of crisis that we find ourselves in and based on the values outlined in the first article in this series, published in the March 2010 issue of Working Notes.3 The model contains seven major steps, some aspects of which I will outline briefly.