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Rescooped by michel verstrepen from Thinking about Systems
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Our economic growth system is reaching limits in a strange way

Our economic growth system is reaching limits in a strange way | business analyst | Scoop.it
Economic growth never seems to be as high as those making forecasts would like it to be. This is a record of recent forecasts by the International Monetary Fund: Figure 2 shows world economic growth on  a different basis--a basis that appears to me to be very close to total world GDP, as measured in…

Economic growth never seems to be as high as those making forecasts would like it to be. This is a record of recent forecasts by the International Monetary Fund: Figure 2 shows world economic growth on  a different basis--a basis that appears to me to be very close to total world GDP, as measured in…

 

Via Steve Wilhite
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Rescooped by michel verstrepen from Knowmads, Infocology of the future
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Worldly Philosophers Wanted

Worldly Philosophers Wanted | business analyst | Scoop.it

"When economists tackle small problems, they lose any vision about what the economic system should look like."

Economics professors Backhouse and Bateman make the case for a new breed of economists with a big-picture vision instead of a "dentristy" approach to economics.

"We clearly need a new, alternative vision of capitalism. But thanks to decades of academic training in the “dentistry” approach to economics, today’s Keynes or Friedman is nowhere to be found."


Via Willy De Backer, Wildcat2030
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