The country's leading
economic think tank forecast that with spending on health and education protected, defence, housing, transport and higher education would be the most likely areas to be cut.
Hence I will offer a critique of the
dominant economic thinking of modernity and also suggestions for a different way of thinking about economics and also practicing it.
Actually the sustainability to which many people shaped
by economic thinking are committed is sustainable growth.
Ancient
economic thought focused on the debt problem, that is, the tendency of debts to grow exponentially, exceeding the economy's ability to pay (and to produce).
Neither of those views, of course, is consistent with sound
economic thinking on the environment, but it's nevertheless possible to recognize their national appeal and build upon them.
But were their assumptions and models wrong only because of minor errors or because today's dominant
economic thinking violates the laws of physics?
She is a
recognized economic thought leader focusing on the global economy and how economic factors impact asset prices and business performance worldwide.
Using
conventional economic thinking, an investor should move some of their money from stocks to bonds as interest rates rise because they are less risky, and the rate of return is better.
These are the understanding of human beings and of nature that are now built into the whole structure of the
dominant economic thinking.
The hegemonic third face, which we didn't go into, is perhaps the most crucial — e.g., the total unquestioning of
neo-liberal economic thinking by most members of society, including those grossly disadvantaged by it, that makes it impossible to even conceive of radical changes.
Equally important is the violence worked on the nonhuman world because of the virtual absence of nature
from economic thinking.
The bruising process of reforming public sector pensions will not save the taxpayer any money, a
respected economic think tank has argued.
I find it difficult to comprehend Ralph Martire as the head of a Chicago - based (supposedly)
bipartisan economic think tank when he is actually a well - known liberal expounding Keynesian policies.
Janet Yellen, speaking on Wednesday at the Institute for New
Economic Thinking with IMF managing director Christine Lagarde, calmed fears that shifting political winds will deter the Federal Reserve's enthusiasm for regulation.
More in tune with Schopenhauer than Zig Ziglar, he followed
Georgist economic thought, with its public ownership of property, and embraced ascetiscism.
A long tradition in
economic thought argues that such resources will inevitably be neglected, untended, and over-exploited.
There was nothing new in their proposed strategy that could not be found in policy statements made by G - 7 leaders, G - 20 leaders, the International Monetary Fund (IMF), and most
credible Economic think tanks over the past decade.
I say «virtual absence» because it can be argued that nature has been present in
economic thinking under the rubric of land.
This is not a new insight, since it is found in Catholic critiques of
capitalist economic thinking and practice from the late nineteenth century on.
Even if there were nothing else to criticize about economic theory, Buddhists and Christians would have to oppose the role that
economic thought plays in our world today.
Those socialized into
economic thinking tend to view these other relationships negatively when they inhibit economic growth.
So primarily, what literature does for our Guardians is to cultivate in them a richer and more responsive emotional life: this adds vivid color to the bland landscape of
Benthamite economic thought, and puts human faces to political decisions.
Actually, so far as basic assumptions are concerned, there is not much difference between neo-liberal and
classical economic thought.
But the mainstream of
economic thought successfully marginalized it and continued to exclude land as a distinct category from any significant role.