The document discusses issues with modern economics and proposes alternatives. It argues that economics has become too narrowly focused on fictional entities like corporations and prices. A better approach is to rebalance the economy through a universal basic income and banking reform. This would help create more equality and inclusive communities. The document advocates shifting away from GDP as the goal and instead supports basic income for all, funding homes through a land value tax, and more democratic local participation.
2. 1. We are at a time of transition
2. Our idea of economics is confused
3. Work is out of balance
4. Our sense of scale is wrong
5. Positive change is possible
3.
4.
5.
6. Think about the strangely
powerful role played by
banks in the modern world
9. • Economics from oikonomika attributed to Aristotle
• Oikos - houshold - but also lord or ruler
• Nomos - law - custom or truth
• Current conceptions of economics are narrowly
and artificially constrained
• Modern economics is a pseudo-science of fictional
entities: corporations, currencies and prices
10.
11. There are better ways to
get to grips with the true
purpose of the economy
12.
13.
14. Basic income and banking reform
are interlinked and will enable us
to begin to rebalance things
15.
16. We are much closer to
achieving universal basic
income than we realise
17.
18.
19.
20. Money is only one part of the real
wealth we use to build better lives
for ourselves and those we love
21.
22. We need more equality
AND more inclusive and
welcoming communities
23.
24.
25.
26. 1. Stop using GDP as goal (cf. Bhutan)
2. Basic income for all
3. Tax land to fund homes for all (e.g. LVT)
4. Democratic participation at local level
5. New forms of civic duty and citizenship