Downsizing Finance: The Mother of All Bubbles

Downsizing Finance: The Mother of All Bubbles By Hazel Henderson In this column, Hazel Henderson, a futurist and economic iconoclast who is the president of Ethical Markets Media (USA and Brazil) and creator of the Green Transition Scoreboard, writes that economism must be defrocked as obsolete and a failed ideology. ST. …

Other News: GDP: Gauging Dematerialised Progress!

   GDP: Gauging Dematerialised Progress!   By Hazel Henderson*   ST. AUGUSTINE, Florida, Aug 2013 (IPS) -As of Aug. 1, 2013, the U.S. Bureau of Economic Analysis (BEA) finally stepped into our new 21st century. Gross Domestic Product (GDP) will now include much of the intangible production and services which …

New GDP Accounting Makes a Difference Locally

The narrow ”economism” shown by critics of the Picasso Exhibit running its last week in St. Augustine, Florida, is a hangover from obsolete economic textbooks still unable to record “intangibles,” those valuable services which today make up some 70% of advanced economies and services sector companies’ balance sheets.  These old …