Our Economic System

Globalisation has dazzled us with more and more technology and new products ranging from clothes and shoes to cars and cheap flight tickets. What are its disastrous consequences which we often don’t connect with our economic system, but put in a different basket and make feeble attempts to solve? Is GDP the best measure to scale the success of a nation or are they more inclusive methods ?

This section focuses on understanding root level issues of our economic system which has become a juggernaut pushing for unending growth and the price we have to pay for it.

Videos

Blogs

Can MGNREGA be a tool for post-COVID-19 rural recovery

Can MGNREGA be a tool for post-COVID-19 rural recovery

This blog takes a look at the varied effectiveness of MGNREGA, a rural employment scheme. It focuses on India’s agriculture sector as a vehicle for economic recovery in the country as we start to reopen after lockdowns. It asseses the different levels of demand for MGNREGA in rural agrarian communities, especially now that a lot of labour has migrated back to their hometowns. It speculates how this scheme can be an effective tool for boosting local economies in different local markets.

read more

The Art and Science of Economic Policy – Podcast

In this podcast episode, economic policy, which affects each of us is discussed. Economics is a sphere of life that most of us are quite unaware of as it seems too dense to dive into and too complex for us to understand. In their new book, ‘In service of the Republic’, Dr. Vijay Kelkar and Dr. Ajay Shah write about how to think about economic policy, even for people who find economics tedious. They join Amit Varma in episode 154 of The Seen and the Unseen podcast to share their learnings, first principles onwards.

read more
Local heroes

Local heroes

Photo Courtesy istock Helena Norberg-Hodge outlines how localising economic activity could halt ecological breakdown. Among environmental activists and ordinary citizens, climate change is seen as the most serious sign of ecological breakdown. But there are...

read more
Local is Our Future

Local is Our Future

Helena Norberg-Hodge Poverty, climate change, the erosion of democracy, an epidemic of depression – these and other global crises are symptoms of a far bigger systemic problem. So reports Local is Our Future: Steps to an Economics of Happiness, the new book...

read more
Localization and the Economics of Happiness

Localization and the Economics of Happiness

A community garden in Brooklyn, New York, that grows organic vegetables for the surrounding community [© Andrew Lichtenstein/Corbis via Getty Images] The localization of economic activity can be a “solution multiplier” for many of the dire problems that...

read more
The Sharing Economy: Capitalism’s Last Stand?

The Sharing Economy: Capitalism’s Last Stand?

Is the sharing economy the first part of a New Economic Paradigm or is it capitalism’s latest trick to survive at all costs? Arthur De Grave shares his views. Access over ownership. After decades of excessive consumerism, this prospect sounded revolutionary...

read more

Share Eco-Wisdom

A Bhoomi Network Initiative