You are here

Home

Who Will Fix the Economy?

Mon, 01/23/2012 - 18:11 — Dave Culver
Section(s): 
Home Page
Economics
  • On the ground, there are two kinds of enterprises: those that rely on exploration, and those that rely on exploitation. Every economy has both, but a healthy one favors the explorers. This fosters the sense of enterprise that made the United States such an economic powerhouse.
  • Confronting the Wealth Divide is the Key to Fixing the World Economy
  • Remaking America: From Poverty to Prosperity

Henry Mintzberg, Nation of Change

This article is made possible with the generous contributions of readers like you. Thank you!

Much com­men­tary about the Amer­i­can econ­omy nowa­days leaves the im­pres­sion that econ­o­mists should fix its prob­lems. But Wash­ing­ton is teem­ing with smart econ­o­mists, and the prob­lems re­main.

An econ­omy is like a cloud: only when in­side does one re­al­ize how dif­fuse it is – and that what mat­ters are the par­ti­cles of vapor that it com­prises.

Like­wise, an econ­omy is an ac­cu­mu­la­tion of trans­ac­tions in­volv­ing goods and ser­vices, mostly car­ried out by busi­ness en­ter­prises. Their be­hav­iors are what mat­ters, and they can­not be ad­e­quately per­ceived from the dis­tant per­spec­tive of eco­nomic mod­els and sta­tis­tics, but only on the ground – where an econ­omy is built, where it breaks, and where it must be fixed.

More...

Related:

Confronting the Wealth Divide is the Key to Fixing the World Economy, Joseph Stiglitz, It's Our Economy

  • Many Americans gave up hope last year – 2012 will be worse
  • The chance of realising the American dream is receding for millions as jobs are lost, savings run out and houses are repossessed
  • Can the Middle Class Be Saved?

Remaking America: From Poverty to Prosperity, Byron Williams, Huffington Post

  • Which direction the country is to go, what type of nation do we choose to be, and what kind of people do we choose to be.
  • The conversation will be broadcast live on C-SPAN Thursday January 12 and rebroadcast for three nights on Tavis Smiley on PBS beginning Monday, January 16.
  • Chris Hedges: Brace Yourself!

  •  

Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.