Daily Archives: Saturday, November, 6, 2010

New Economy, Culture, and Consciousness

The turning point : science, society, and the rising culture / Fritjof Capra

Fritjof Capra discusses in the book that to change, one must encompass the knowledge of social cultural theory . Through this view he criticizes popular economic and political mythology and he discuss why we need to adopt feminist perspective to create a greater balance. In his book he reviews literature from physics , social science , system theory, as they are connected to living system.

Agenda for a new economy : from phantom wealth to real wealth / David C. Korten

Today’s economic crisis is the worst since the Great Depression. However, as David Korten shows, the steps being taken to address it do nothing to deal with the reality of a failed economic system. Korten identifies the deeper sources: Wall Street institutions that have perfected the art of creating “wealth” without producing anything of real value: phantom wealth. Our hope lies not with Wall Street, Korten argues, but with Main Street, which creates real wealth from real resources to meet real needs. He outlines an agenda to create a new economy–locally based, community oriented, and devoted to creating a better life for all, not simply increasing profits. It will require changes to how we measure economic success, organize our financial system, even the very way we create money.–From publisher description

Reinventing the bazaar : a natural history of markets / John McMillan

“Readers looking for a basic primer on how our “market economy” works will find no better treatment than this first book by Stanford University professor McMillan. Taking the long view, he examines how markets in ancient times evolved and shows how countries experimented with markets, some successfully and some not. Not surprisingly, he judges countries like Russia and China with their centralized economies as not being truly market driven, but he lauds them for recent changes. Although he does raise the flag on “free markets” a bit much, he takes a refreshingly commonsense approach to his subject, doesn’t talk down to his readers, and refrains from excessive economic jargon. The Internet is praised for breaking down barriers, and he terms the eBay web site “a high-tech flea market.” Government deregulation is a good thing, but California, in his opinion, made a mess of it resulting in the energy crisis of last year. The bottom line for McMillan is that “the market system is like democracy. It is the worst form of economy, except for all the others that have been tried from time to time.”--Library Journal Reviews

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