The World on a Collision Course and the Need for a New Economy |
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Authors: | Manfred Max-Neef |
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Institution: | (1) Universidad Austral de Chile, Valdivia, Chile |
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Abstract: | The first part of the paper is an attempt to demonstrate that what we are going through at the present time is not just an
economic-financial crisis, but a crisis of humanity. It seems that for the first time in human history several crises converge
to simultaneously reach their maximum level of tension. The dominant economic model is to a great degree responsible for the
world’s collision course. Hence a number of myths that sustain the model are listed and analyzed. It is argued that a new
economy, coherent with the problematiques of the twenty first century, needs urgently to be devised. The second part proposes the foundations for a new economy based
on five fundamental postulates that allow the construction of transdisciplinary, holistic, and systemic visions to adequately
understand the interdependence of all the elements that sustain life. It is stressed that it is no longer acceptable that
Universities still teach economic theories of the nineteenth century in order to tackle twenty first century problems that
have no precedence. |
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Keywords: | New economy Human needs Ecosystem services GPI Speculation |
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