Saturday, July 20, 2013

Video - George Soros Says We Need to Rethink Economic Theory


Most of us engaged in sustainability advocacy recognize that there are profound flaws in our current economic system. While some naive and ill-informed green extremists believe we need to do away with economics all together, George Soros co-founder of the Institute for New Economic Thinking espouses a far more rational view.

"Economic theory needs to be rethought from the ground-up," Soros says. He specifically criticizes economists who are trying to produce theories that behave like laws in Newtonian physics, which Soros has long believed is impossible.

"You need a new approach with different methods and also different criteria of what is acceptable," he says. And he says that economic thinking needs to begin addressing real-world policy questions rather than simply creating more mathematical equations.

Related Articles
British PM Says Investment in the Green Economy is a Competitive Necessity
Global Risks Report 2013: Interconnectedness of the Economy and the Environment
New Support for the Interconnectedness of the Environment and the Economy
The Economics of Ecosystems and Biodiversity
Climate Change Highlighted at the WEF in Davos (2013)
WEF Global Risks Report 2013
The Green Economy is the Right Solution for our Troubled Times
Greentech and Renewables Help the Economy and Create Jobs
Historic Opportunities in the Green Economy
Corporate Sustainability is Driving Green the Green Economy
Launching of the New Global Green Economy
The False Choice Between the Economy and the Environment
British Government to Lead the Green Economy
The Growth of London's Green Economy
The Circular Economy (Video)
A Resource-Based Economy (Video)
China Leading the Green Economy (Video)
Building Gateways to the Green Economy

No comments: