Nobel Prize-winning economist Jean Tirole argues that far from being the “dismal science”, economics is a “moral science”, and has the power to be a positive force for good in society.
Jean Tirole has been described as one of the most influential economists of our time. On winning the Nobel Prize in 2014 he found himself regularly being called upon to comment on issues of the day, and this transformation from academic economist to public intellectual prompted him to reflect on the role economists and their discipline can and should play in society.
At the RSA, Jean Tirole explores this relationship between economics and society, looking at how economic research is actually done, the kinds of institution that shape the modern state, and the need for governments and private firms to recognize their social responsibilities.
In the context of the post-2008 global financial order, and in the face of great challenges such as unemployment, migration and climate change, how can society and economics interact more effectively, in the interest of the public good, to achieve a better world for all?
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... and still the great & the good have no framing of the bigger picture for us mortals.
I'll have been the least qualified attendee to have the following question and outline of suggestions. I feel there is no framing of the bigger picture for anyone to get a handle on contributions and insights.
Where is the forum to lodge desired end states in our anthrosphere? and characterise the fundamental properties of the current state and those states? and the metrics, models and methods to traverse the change?
The forum will accumulate fundamentals of the current and alternate end states, and avenues, methods and measures of moving from where we are now to those states. I assume the end state(s) will have the common good as foundation. The forum must integrate the separate themes and threads that contributors and visionaries have of those end states, and identify overlaps and dichotomies. It will develop route maps for the items with required measures and methods.
The forum will become a reference and benchmark site of Wikipedia quality for stakeholders to measure the positions and direction of the existing authorities and power holders, against the end state(s).
The fundamental is to move measures and influences from financial/credit&growth and neutral towards CommonGood/sustainable. Here are some remedying deficiencies of the now, and features of the future:
- Move money issuance from debt creation to a new independent institute SWC (Sovereign Wealth Committee excised from the central banks, existing RLA distribution by commercial banks & public banks). Or move existing money issuance from commercial banks entirely to expanded public banks;
- moving from GDP to GPI;
- underlying both the above is a road map transitioning the measuring of credit, risk and exposure from financial under 2IR to sustainability under 3IR. And from reversing the increasing decoupling financials from the 'real' economy (in the form of historic fiat & fractional reserve, and growing capital fluidity & financialisation) to decreasing the decoupling (via mechanisms newly available to 3IR).
- (applying existing and new regulations that re-couple risk and cost to benefit in anthrosphere (environment, material, governance & social spheres)).
- moving companies to Common Good Balance sheets (output, includes externalised costs, TV in NPV), and to 'superior responsibility' & pass-thru corporations, 'laws of trust' (input) ;
- moving societal currency from monetary to reciprocity (timebanks and 'core' economy) (income) in anticipation of roboticisation & UBI;
- move tax from monetary (income, wealth) to harm (on expenditure);
- move economy from 2IR vertical to 3IR horizontal (mobilisation to decarbonised lifestyle Malcolm Rifkin, cradle2cradle), from current to post-capitalist (zero marginal cost Rifkin), incentivise transformation (as 1IR was into 2IR Paul Mason, GPL Pistono), SimCity modelling incentives Mason).
(Apologies for the rather coarse and uneven coverage in my suggestions).
... and still the great & the good have no framing of the bigger picture for us mortals.
I'll have been the least qualified attendee to have the following question and outline of suggestions. I feel there is no framing of the bigger picture for anyone to get a handle on contributions and insights.
Where is the forum to lodge desired end states in our anthrosphere? and characterise the fundamental properties of the current state and those states? and the metrics, models and methods to traverse the change?
The forum will accumulate fundamentals of the current and alternate end states, and avenues, methods and measures of moving from where we are now to those states. I assume the end state(s) will have the common good as foundation. The forum must integrate the separate themes and threads that contributors and visionaries have of those end states, and identify overlaps and dichotomies. It will develop route maps for the items with required measures and methods.
The forum will become a reference and benchmark site of Wikipedia quality for stakeholders to measure the positions and direction of the existing authorities and power holders, against the end state(s).
The fundamental is to move measures and influences from financial/credit&growth and neutral towards CommonGood/sustainable. Here are some remedying deficiencies of the now, and features of the future:
- Move money issuance from debt creation to a new independent institute SWC (Sovereign Wealth Committee excised from the central banks, existing RLA distribution by commercial banks & public banks). Or move existing money issuance from commercial banks entirely to expanded public banks;
- moving from GDP to GPI;
- underlying both the above is a road map transitioning the measuring of credit, risk and exposure from financial under 2IR to sustainability under 3IR. And from reversing the increasing decoupling financials from the 'real' economy (in the form of historic fiat & fractional reserve, and growing capital fluidity & financialisation) to decreasing the decoupling (via mechanisms newly available to 3IR).
- (applying existing and new regulations that re-couple risk and cost to benefit in anthrosphere (environment, material, governance & social spheres)).
- moving companies to Common Good Balance sheets (output, includes externalised costs, TV in NPV), and to 'superior responsibility' & pass-thru corporations, 'laws of trust' (input) ;
- moving societal currency from monetary to reciprocity (timebanks and 'core' economy) (income) in anticipation of roboticisation & UBI;
- move tax from monetary (income, wealth) to harm (on expenditure);
- move economy from 2IR vertical to 3IR horizontal (mobilisation to decarbonised lifestyle Malcolm Rifkin, cradle2cradle), from current to post-capitalist (zero marginal cost Rifkin), incentivise transformation (as 1IR was into 2IR Paul Mason, GPL Pistono), SimCity modelling incentives Mason).
(Apologies for the rather coarse and uneven coverage in my suggestions).