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EN
Comment on “Isms” Have Hijacked Economics. It Needs Fresh, Creative Thinking Now. by Peter Isackson
['Atul Singh']
Comments for Fair Observer
So much so that Yale University Press published What’s Wrong with Economics?, a book by Lord Robert Skidelsky.
This noted and colorful British economic historian found that “a narrowing of vision and a convergence on an orthodoxy that is unhealthy” has led to disastrous consequences for societies who have followed flawed economic models.
The Russian Revolution of 1917 promised an equal society with no private property but created an economy run by apparatchiks where people had to queue up for bread.
The first joint-stock company in the world was the Dutch East India Company, which began in 1602.
Human-scale, decentralized and appropriate technologies advocated by Schumacher are most relevant at a time of climate crisis as are his ideas about Buddhist economics.
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