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Conclusion—Economics for Sustainable Prosperity

In: Economics for Sustainable Prosperity

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  • Steven Hail

    (University of Adelaide)

Abstract

The final chapter summarises a new economics for sustainable prosperity. This requires the replacement of the old orthodoxy with a new approach to economic management, drawing on insights from Post-Keynesian and behavioural economics, and using modern monetary theory as a frame. It requires that we live within our real and ecological constraints, with equitable full employment based on a well-designed job guarantee and a financial system designed to serve the needs of a sustainable economy, rather than one designed to promote inequality and financial fragility.

Suggested Citation

  • Steven Hail, 2018. "Conclusion—Economics for Sustainable Prosperity," Binzagr Institute for Sustainable Prosperity, in: Economics for Sustainable Prosperity, chapter 0, pages 253-270, Palgrave Macmillan.
    • Handle: RePEc:pal:bifchp:978-3-319-90981-3_8
    DOI: 10.1007/978-3-319-90981-3_8
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    Cited by:

    1. Suaste Cherizola, Jesús, 2023. "Estudiar el precio, olvidar el valor: Una alternativa al pensamiento económico tradicional [Study prices, forget value: An alternative to traditional economic thinking]," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue 18, pages 55-79.
    2. Olk, Christopher & Schneider, Colleen & Hickel, Jason, 2023. "How to pay for saving the world: Modern Monetary Theory for a degrowth transition," LSE Research Online Documents on Economics 120343, London School of Economics and Political Science, LSE Library.

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