“Ethical Markets welcomes Joseph Stiglitz’s useful take on how Trump happened. We agree and have been pointing out these same causes for decades! Unfortunately the economics profession closed ranks to prevent such critiques, including those exposing the ways in which measuring national progress with the still used economic growth-focused, money-denominated GDP continues to steer most economies off course toward the very social problems Stiglitz identifies, as well as causing continual environmental and climate disruption.
I helped organize the European Commission’s Beyond GDP conference in 2007 www.beyond-gdp.eu and am still an advisor to President Vaclav Havel’s FORUM 2000, prior to the French commission on this fetishizing of GDP in which Stiglitz participated. The time is long past for the economics profession to come clean, admit its horrendous errors of market fundamentalism, its cognitive capturing of politicians, regulators and academia in its obsolete theories. It’s efforts to legitimize economics still claim that its Bank of Sweden Prize in Economic Science (sic) in Memory of Alfred Nobel is a real Nobel Prize. Indeed, the Nobel family, led by descendant, lawyer Peter Nobel, I, Nassim Taleb, chaos theorist Ralph Abraham, historian of science Robert Nadeau and other scientists have exposed this intellectual scandal for many years. I have pointed out these errors of economic policy that led to the financial crises of 2008 in all my book reviews on www.seekinglapha.com.
Yet even Joseph Stiglitz, Robert Shiller, George Akerlof and other recipients of this Bank of Sweden Prize still use the title of Nobel laureate! Imagine how it would have clarified public debates during the Reagan -Thatcher years if Reagan’s top economic advisor Milton Friedman had been correctly titled as a winner of the Bank of Sweden Prize! Those marginalized by economics-driven globalization might have been heard sooner!”
Hazel Henderson, D.Sc. FRSA , Editor
SUNDAY, OCTOBER 16, 2016
This week at Project Syndicate, Joseph Stiglitz urges political elites to take the causes of Trumpism seriously, Jacek Rostowski explains why Britain’s government has surrendered to the hardline Brexiteers, Shashi Tharoor analyzes why India is no longer turning the other cheek to Pakistani provocations, and more. Join the conversation.
Joseph Stiglitz urges political leaders worldwide to understand the message sent by the candidates’ supporters.
The Political Logic of Hard Brexit
Jacek Rostowski explains why those who favor a full break with the EU are gaining the upper hand in the UK.
India Stops Turning the Other Cheek
Shashi Tharoor praises the government’s decision to respond militarily to Pakistani attacks on Indian soil.
The Forum 2000 Conference
October 16-19, 2016
Prague, Czech Republic
Project Syndicate is proud to be an official media partner of the Forum 2000 Conference. Celebrating its 20th anniversary, Forum 2000 brings together distinguished guests to address a diverse international community on topics ranging from religious tolerance to human rights and the role of civil society. This year’s conference will focus on today’s democratic leadership. Delegates will include spiritual leader and Nobel prize laureate His Holiness the Dalai Lama, Slovak President Andrej Kiska, and women’s rights activist Manal al-Sharif.
Click here for more information or to register to attend the event.