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Transforming Our Economy

About This Collection

Inspired by the Capital Institute's Third Millennium Economy initiative, this collection highlights those voices - ecological economists, sociologist, finance professionals, environmentalists, community developers - advocating a restructuring of our economy to transition to a truly sustainable economic system.

Curated by mokiethecat

Stephanie Kelton: The Public Purse

As part of a lecture series by UCL Institute for Innovation and Public Purpose (IIPP) and the British Library, Stephanie Kelton, former Chief Economist on the US Senate Budget Committee, explained why a government budget differs fundamentally from a household budget.

Kelton offered a beginner’s guide to public deficits, questioning whether a balanced budget is the correct goal. She proposed a new understanding of deficits, debt, taxes, and the public-private sector relationship. Her vision advocates for a participatory, mission-oriented public budget to restructure services, investment, and build a cleaner, safer, more secure future for all.

EarthSayer Stephanie Kelton

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