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- W3204454934 abstract "The climate emergency, rising inequality, and pandemic diffusion have raised the question: for what purpose is capitalism fit? Implementing new policies and institutions to meet these challenges will require a realignment of political forces on a scale similar to that achieved by neoliberal policies and ideas over the past four decades. We suggest that a successful new paradigm must provide the basis of a dynamic and sustainable economy and be constituted by a synergistic set of ethical commitments, economic models, emblematic policies, and a new vernacular economics by which people understand and seek to improve their livelihoods and futures. We illustrate these four components by reference to the classical liberal, Keynesian-social democratic, and neoliberal paradigms. Using an expanded space for policies and institutions that integrates markets, states, and civil society, we propose elements of a new paradigm, including diminished space for capitalism and greater equality not only of economic endowments but also of dignity and voice." @default.
- W3204454934 created "2021-10-11" @default.
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- W3204454934 date "2021-01-01" @default.
- W3204454934 modified "2023-09-25" @default.
- W3204454934 title "Shrinking capitalism: Components of a new political economy paradigm" @default.
- W3204454934 hasPublicationYear "2021" @default.
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