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'The Economist' Discusses Money Creation | Positive Money website | Understanding Money & Debt

'The Economist' Discusses Money Creation | Positive Money website | Understanding Money & Debt | The New Economist | Scoop.it
An unnamed journalist at The Economist seems to have caught on to the significance of money creation by banks, after reading Richard Duncan's latest book The New Depression.

 

This is not capitalism, [Duncan] suggests, but “creditism”. It is this system which has broken down, and unless you understand it, you will not be able to fix it.

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The New Economist
Discussing the positive possibilities, and the constraints, around a rethought political economy.
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The Global Transition to a New Economy

The Global Transition to a New Economy | The New Economist | Scoop.it

The Global Transition to a New Economy maps innovative projects that challenge business as usual and contribute to the systemic change to our economy that we urgently require. Together, these projects create a world that prioritizes human wellbeing, within environmental limits.

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Visualizing a Plenitude Economy

More at http://www.newdream.org Produced by the Center for a New American Dream This fun animation provides a vision of what a post-consumer society could lo...

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Pierre Johnson's comment, November 11, 2011 6:47 PM
Plenitude economy! I like the expression and the idea!
Raphael Souchier's comment, December 9, 2011 9:36 AM
Merci Pierre. Un peu de bon sens...et des images font mieux que de longs et savants discours :) je re-scoop.
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Part 4: A New Economic Model. James Quilligan & Charles Eisenstein speak

What must be done to move beyond Keynesian economic thinking? This is Part 4 of a conversation between International Economist, James Quilligan and Charles E...
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'The Economist' Discusses Money Creation | Positive Money website | Understanding Money & Debt

'The Economist' Discusses Money Creation | Positive Money website | Understanding Money & Debt | The New Economist | Scoop.it
An unnamed journalist at The Economist seems to have caught on to the significance of money creation by banks, after reading Richard Duncan's latest book The New Depression.

 

This is not capitalism, [Duncan] suggests, but “creditism”. It is this system which has broken down, and unless you understand it, you will not be able to fix it.

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Shareable: A Free Beginner's Guide to the Sharing Economy

Shareable: A Free Beginner's Guide to the Sharing Economy | The New Economist | Scoop.it

For over two years, Shareable has explored the new sharing economy in its many forms: how individuals, families, communities, entrepreneurs, businesses, designers, coders, and countless more are building resilience through collaboration and sharing.

 

The guide, available as a free PDF download, offers four Action Ideas to help communities tap into their shared assets and resources.

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Debt: The First 5000 Years | David Graeber

Debt: The First 5000 Years | David Graeber | The New Economist | Scoop.it

Before there was money, there was debt. Every economics textbook says the same thing: Money was invented to replace onerous and complicated barter systems—to relieve ancient people from having to haul their goods to market.

 

Graeber shows that arguments about debt and debt forgiveness have been at the center of political debates from Italy to China, as well as sparking innumerable insurrections. He also brilliantly demonstrates that the language of the ancient works of law and religion (words like “guilt,” “sin,” and “redemption”) derive in large part from ancient debates about debt, and shape even our most basic ideas of right and wrong. We are still fighting these battles today without knowing it.

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The Great Transition | the new economics foundation

The Great Transition | the new economics foundation | The New Economist | Scoop.it

The Great Transition report set out why the transition to a new economy is not only necessary, but also possible and desirable. Keeping in mind the big picture, at different times the campaign will focus on particular issues. For example, without a financial system to support the necessary transition, little will happen. So, reforming the banks is an urgent priority.

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Creative Economy Journey, Dispatch #4: Selves-Interest - Seb Paquet

Creative Economy Journey, Dispatch #4: Selves-Interest - Seb Paquet | The New Economist | Scoop.it

The discipline of economics has traditionally modeled economies as collections of people (‘agents’) driven by the rational pursuit of self-interest.

I’ll leave the ‘rational’ part of this alone for now; here I want to think about the ‘self-interest’.

If ‘self’ strictly refers to a single person, then I have to say that living my life in the rational pursuit of self-interest sounds like an absolutely miserable proposition.

However, it might be possible to fix this if we allow ‘self’ to mean something else.

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Emerging EcoNomics #2: The Emerging New Economy Movement

Emerging EcoNomics #2:  The Emerging New Economy Movement | The New Economist | Scoop.it
AlterNet has published an excellent article that seeks to summarize the "new economy movement" - at least from a progressive perspective - including sustainability, community, co-ops, localization, collective ownership, stockholder activism, corporate...
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New economic thinking and the potential to transform politics | | Independent Econoblog Blogs

New economic thinking and the potential to transform politics | | Independent Econoblog Blogs | The New Economist | Scoop.it
For two centuries political debates have been framed by economic arguments – markets versus states; right versus left. But economic thinking is changing, and it is paramount that policy and politics change along with it.
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Metacurrency Collabathon: a wealth system

Metacurrency Collabathon: a wealth system | The New Economist | Scoop.it

The metacurrency project in a nutshell. Thanks to @petervan


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James Quilligan & Charles Eisenstein speak

Charles Eisenstein, author of Sacred Economics, and James Quilligan, who has recently led a highly acclaimed seminar series in London onThe Emergence of Commons-based Economy, are two leading lights of "new economy" thought. They have engaged in a passionate and candid conversation on June 26, 2012, which was captured on video in 6 segments. 

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The Commons as a New Sector of Value-Creation | David Bollier

The Commons as a New Sector of Value-Creation | David Bollier | The New Economist | Scoop.it

So my first point is the importance of recognizing the commons as a distinct sector for creating value. This can be difficult – because we don’t have an agreed-upon language or taxonomy for talking about the value-proposition of the commons. The phenomenon is still too novel.

For many people, it is difficult to accept that value can exist without the sanction of money or private property rights – that value that is intangible and unquantifiable can actually matter.

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Strategies for a New Economy Conference: 10 Takeaways for All Americans

Strategies for a New Economy Conference: 10 Takeaways for All Americans | The New Economist | Scoop.it

The new economy is rising all around us. Farmers' markets. Car sharing. B Corporations. Impact investing. Barter networks. The sharing economy. Community supported agriculture. Local currencies. Worker-owned cooperatives. Local investment clubs. Heard of any of these? The reality is that the new economy, boosted by 21st-century communications and other technologies, is everywhere we look. America is awash with new models of wealth creation, new institutions, new ideas, and new cultural patterns—and together, it adds up to something significant. Certainly, there is much work to be done. But it’s clear that our local economies and communities wouldn’t be as strong as they are today without the incredible models of cooperation and resource sharing that are now emerging at all levels, taking people from hopelessness to hope.

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Sacred Economics: Chapter 13, Steady-State and Degrowth Economics | Charles Eisenstein

Sacred Economics: Chapter 13, Steady-State and Degrowth Economics | Charles Eisenstein | The New Economist | Scoop.it

"Infinite growth of material consumption in a finite world is an impossibility."
–E. F. Schumacher

 

Sustainability Reconsidered

 

The last two chapters have outlined an economy that is sustainable: it incorporates the ecological limits of the planet, and it thrives without a structural need for endless growth in consumption. But is sustainability to be our highest aspiration?

I have long been impatient with “sustainability,” as if that were an end in itself. Isn’t it more important to think about what we want to sustain, and therefore what we want to create? Many beautiful, necessary things are not sustainable: pregnancy, for example. I am heartened by the recent shift of thinking away from sustainability and toward transition. What we are transitioning to will be far more sustainable than our current way of life, but that is not the ultimate goal, just as the ultimate goal of life is not merely to stay alive.

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Summer is for swapping: startups boost the barter economy

Summer is for swapping: startups boost the barter economy | The New Economist | Scoop.it

“I believe that we are living through a collaborative revolution as significant as the industrial revolution,” said author and collaborative consumption guru Rachel Botsman, at the TEDGlobal conference in Edinburgh last week. “It is taking us back to the old market principles of sharing swapping, bartering.”

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The Rise of the New Economy Movement

The Rise of the New Economy Movement | The New Economist | Scoop.it
Activists, theorists, organizations and ordinary citizens are rebuilding the American political-economic system from the ground up.
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Emerging EcoNomics #1: DIY "Makers" and Resilient Communities

Emerging EcoNomics #1:  DIY "Makers" and Resilient Communities | The New Economist | Scoop.it
So we find ourselves in the midst of economic disruptions that may well foreshadow long-term, whole-system economic breakdowns fed by a full spectrum of emerging dynamics - from resource depletion (especially peak oil and loss of fresh water and topsoil)...
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