Rethinking Capitalism: Economics and Policy for Sustainable and Inclusive Growth

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But on the other hand planners often claim to be the quintessential generalists. When it comes to economics, planners can be especially ambivalent.

Rethinking capitalism for sustainable and inclusive growth - panel

I have felt the hackles rise when economists presume to have answers to the housing crisis based solely on their own perspective. By contrast, the Royal Town Planning Institute has endorsed a revision to competencies to include a greater understanding of the national and local economies.

Must-Read: Mariana Mazzucato and Michael Jacobs, eds.: Rethinking Capitalism

So why should planners read a book by economists which addresses the global financial crisis? This collection of essays explores why that is, and what can be done about it. The analysis, and the solutions, shed important light on very topical struggles around the value of planning. The opening essay examines the shocking legacy of the crisis: weak growth, rising inequality, poor resilience to political and environmental shocks. And then it makes a proposal that economics and public policy need to move 'beyond market failure'.

Urban Studies and Planning

This means:. Businesses do not create wealth on their own. See our User Agreement and Privacy Policy.


  • Reward Yourself.
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  • Discovery of Cosmic Fractals.

See our Privacy Policy and User Agreement for details. Published on Apr 26, For decades investment has been falling, living standards have stagnated or declined, and inequality has risen dramatically. Economic policy has neither reformed the financial system nor restored stable growth.

Climate change meanwhile poses increasing risks to future prosperity. In this book some of the world's leading economists propose new ways of thinking about capitalism. In clear and compelling prose, each chapter shows how today's deep economic problems reflect the inadequacies of orthodox economic theory and the failure of policies informed by it. The chapters examine a range of contemporary economic issues, including fiscal and monetary policy, financial markets and business behaviour, inequality and privatisation, and innovation and environmental change.

The authors set out alternative economic approaches which better explain how capitalism works, why it often doesn't, and how it can be made more innovative, inclusive and sustainable.

Rethinking capitalism for sustainable and inclusive growth | Overseas Development Institute (ODI)

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In this book some of the world's leading economists propose new ways of thinking about capitalism. In clear and compelling prose, each chapter shows how today's deep economic problems reflect the inadequacies of orthodox economic theory and the failure of policies informed by it. The chapters examine a range of contemporary economic issues, including fiscal and monetary policy, financial markets and business behaviour, inequality and privatisation, and innovation and environmental change.

The authors set out alternative economic approaches which better explain how capitalism works, why it often doesn't, and how it can be made more innovative, inclusive and sustainable.



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