I watched her Nobel prize lecture. She is really cool! I like her ideas on community ownership of the “commons.” That would include local fisheries, farms, other ecological resources that everyone needs for longterm survival. No one wants to do good for the community if their neighbor is taking whatever they can get. Then, the [...]
Archive for the ‘Economics’ Category
15 Nov
Joseph Stiglitz Speaking Out – Problems with GDP
I’ve already read a few things on this topic, so I’m confident in Joseph Stiglitz, not counting the fact that he’s a Nobel prize-winning economist. Some essential problems with GDP are that it does not question social livelihood and it does not take into account depletion of natural resources. The most simple example Stiglitz gave [...]
