8 Essential Steps to Radically Transform Our Economy
By David Korten
Read the full article from yes!, here.
There is a related rising awareness of the need for a serious update to how we study and think about economics and prepare our future leaders. With few exceptions, economics, as it’s taught in universities, relies on the same badly flawed theories and ethical principles that bear major responsibility for the unfolding crisis. It values life only for its market price; uses GDP growth as the defining measure of economic performance; assures students that maximizing personal financial return benefits society; recommends policies that prioritize corporate profits over human and planetary well-being; and ignores the natural limits of a finite planet.