Alec and Keith discuss how the Covid pandemic reveals the fatal flaws of the current economic ideology and the ways to change it.
Alec and Keith meander a bit. They expand virus to apply to spiritual, ideological, and economic operations and question how the covid-19 crisis reveals a deeper problem in all of us. The need to transform the the narrative, storyline, or worldview is increasingly critical.
Alec and Keith wrap up their discussion of income and wealth inequality.
Keith and Alec discuss the shortcomings of GDP as an appropriate measure of economic vitality and well-being and discuss alternatives.
Alec describes how he ended up studying under Kenneth Boulding at the University of Colorado and how that shaped his lifelong work as an economic educator.
Alec provides a brief history of steady-state economics beginning with Kenneth Boulding and culminating the the work by Herman Daly. Twelve strategies for implementing a steady-state economy are introduced.
Decreasing economic disparity is the first and probably the most critical strategy that must be addressed to mover toward an "ecological economics."
We discuss the dynamic between income and wealth disparity and its relationship to well-being.
Alec introduces public banking as another feature of a steady state economy.
Pizzagati, Sam The Case for a Maximum Wage
Wilkinson, Richard and Kate Picket The Spirit Level; How Greater Equality Makes Societies Stronger
Ruckhaus, Keith "Abnormal is the New Normal"