Class and need: Social surplus and Marxian theorization of development

by Anjan Chakrabarti We know that there have been two paths of development, paths that are not always considered complementary to one another. The first and still the dominant path would contemplate economic growth as the basic indicator of capturing the increase in standard of living (either measured as GDP per capita or GDP per worker) which represents development of a nation or region; thus poor and rich countries are differentiated in terms of, say, the level of GDP per capita and resultantly, the path to development of poor countries lie in expanding the latter as fast as possible. High … Continue reading Class and need: Social surplus and Marxian theorization of development

Redesigning money for well-being and happiness

by Mark Anielski “One must make a new system that makes the old system obsolete.” — Buckminster Fuller The greatest threat to the pursuit of genuine happiness and well-being is our current debt-money system. In the face of an international debt-crisis, it is remarkable that there is no serious discussion about the nature of money, or about how, and who creates our money. While meaningful conversations about alternative measures of progress (e.g. Gross National Happiness, Genuine Progress Indicators) are now under way, these efforts will ultimately fail without understanding that the current debt-based money system must be fundamentally restructured. The … Continue reading Redesigning money for well-being and happiness

Nightfall: Dimming of the dream and search for an alternative

by P. J. Laska Given the emphasis on imposing hegemony by military means, it is a splendid irony that ‘American Way of Life’ should share its acronym (AWOL) with the military term “Absent Without Leave.” — Ronald Reagan in the famous “Morning-in-America” speech that was part of his 1984 re-election campaign took credit for the improvement of the economy since his election in 1980.  By 1983 the inflationary spiral of the 70’s had been brought under control by Federal Reserve chairman Paul Volker, who was originally appointed by Carter and then reappointed by Reagan in 1983.  Reagan could also … Continue reading Nightfall: Dimming of the dream and search for an alternative

The economics of well-being

by Mark Anielski I have a dream: to design, build and enhance economies of well-being around the world. It is time for a complete overhaul of our national accounting systems that for over 60 years has measured progress too narrowly according to how much money changes hands as measured by the GDP (gross domestic product). I believe it is time to develop economies of well-being based on the known determinants of happiness and by measuring the things that contribute most to the well-being of human beings and nature. This new accounting system that measures the conditions of well-being must be … Continue reading The economics of well-being