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December 20, 2012 01:46PM EST [general.addtranslation] Download Article (PDF) [ insert language bar ]

"Change of Direction": James Galbraith

The time is right for alternative economics!

By James Galbraith

The economy should be a part of life, not a steamroller crushing self-determination and creativity. Access could replace excess; enough could replace more; qualitative growth could replace quantitative growth. Unlike a chair, an idea can be shared by a whole people. The only way to solve mass unemploymejnt, environment destruction and trade imbalance is to break out of the system of quantitative growth, endless growth in a finite world (cf. Hans Christoph Binswanger).

Keywords:

Jam,es Galbraith, son of John Kenneth Galbraith. is a professor of economics at the University of Texas.

to read the 14-page article by James Galbraith "Change of Direction" from December 6, 2012, click on

http://www.nachdenkseiten.de/upload/pdf/transcript-ig_metall_conference_december_2012.pdf

RELATED LINK:

"Is the Whole World Going Bankrupt?", Rosa Luxemburg foundation, December 2012, 40 pp

http://www.rosalux.de/fileadmin/rls_uploads/pdfs/Argumente/lux_argu_Staatsschulden_engl_Dez12.pdf

By James Galbraith mbatko@yahoo.com http://www.freembtranslations.net http://www.onthecommons.org

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