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Economy

Ecologies of scale: An interview with ecological economics guru Herman Daly

From The New Left Review: If fidelity to GDP growth amounts to the religion of the modern world, then Herman Daly surely counts as a leading heretic. Benjamin Kunkel interviews the preeminent figure in ecological economics, and the author of perhaps the most fundamental and eloquently logical case against endless economic growth that’s yet produced.

Economy of Permanence: The enduring legacy of J.C. Kumarappa

J.C. Kumarappa was a stalwart of India’s freedom movement, Gandhian economic philosopher, pioneer in the development of village and cottage industries and advocate of a decentralised, localised economy of permanence and freedom. Yet, he remains practically unknown to the present generation of Indians. A tribute to Kumarappa by Pranjali Bandhu, editor of his collected writings.

‘Tail Risk’: What the scientists are not telling you about climate change

Kerry Emanuel writes: There are strong cultural biases against discussion of ‘tail risk’ in climate science; particularly the accusation of “alarmism”. Does the dictum to tell “the truth, the whole truth, and nothing but the truth” not apply to climate scientists? If we omit discussion of tail risk, are we really telling the whole truth?

Monsanto and Bayer: Agriculture just took a turn for the worse

Bayer’s $66 billion takeover of Monsanto represents another big click on the ratchet of corporate power over farming and food. With the ‘Big-Six’ of global agribusiness now set to turn into the ‘even bigger three’, farmers and consumers face more GMOs and pesticides, less choice, and deeper price gouging. Agroecology has never looked more attractive.

Farmers’ protests reveal growing anger against India’s development model

Ashish Kothari & Aseem Shrivastava write: The growing protests of farmers around the country-last month’s protests in Mumbai being the latest-is not just a claim for dignity. Even more portentously, it calls into question the paradigmatic rationality of the reigning development model. Alternatives do exist, practised and conceived of at hundreds of sites in India.

Hope from chaos: could political upheaval lead to a new green epoch?

Kevin Anderson writes in The Conversation: Most political and economic pontificators, buttressed by naysayers and established elites, remain incapable of seeing beyond their familiar 20th century horizon. But the 21st century is already proving how the future is a different country –one that could yet be shaped by alternative interpretations of prosperity, sustainability and equity.

The science and politics of human progress: Closing a widening gap

Richard Eckersley writes: The core flaw in the dominant model of progress arises from the equation of progress with modernisation, especially the processes of cultural Westernisation and material progress (measured as economic growth). Global politics is based on this outmoded and increasingly destructive model of human progress and development. Can science change a dire situation?

The ‘Gujarat Development Model’ rests on the twin pillars of authoritarianism and divisive politics

Atul Sood writes: Why are we not talking about the facts on the ground amidst the cacophonic discourse of the success of the Gujarat model? The need to impose Section 144 every time the Vibrant Gujarat Submit is organized symbolizes one pillar of ‘managing’ support for the model. The cultural narrative is the other pillar.

Why should India risk an economic disaster to save the American Dream?

Shelley Kasli writes: Recent changes in India’s foreign direct investment policy allows 100 percent FDI (from current 49%) for single brand retail trading and construction, among others, paving the way for global players. In reality, India is being drawn into the spiral of debt economics to protect the American Dream from turning into a Nightmare.

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