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Special Collections:
The Economy

The Economy
Update on Circular Economy by Ellen MacArthur Nov. 2015

Ellen MacArthur delivered a special presentation on the circular economy.

This occurred at the BSR Conference 2015, held in November 2015 in San Francisco, California.

Breaking Free of Silos and fragmentation by Gillian Tett

Award-winning FT columnist and author Gillian Tett investigates the pervasive issue of organizational silos. She explores why we create them and how to break free.

At the RSA, Tett lays bare the perils of the "silo effect." She explains how individuals and institutions can overcome these barriers to foster more effective, productive, and creative thinking and action.

How Free is the Free Market by Raj Patel

Raj Patel, author of *The Value of Nothing*, critiques the free market's impact on freedom and resource management. He argues that prices often mislead us, revealing "hidden costs" that distort true value. For instance, a hamburger's real price could be $200 when factoring in environmental and health expenses.

Patel, an activist and academic, suggests Nobel laureate Elinor Ostrom's concept of collaborative governance, known as "the commons," offers a better alternative for resource management than the current free market system. Visit Raj Patel's website: rajpatel.org.

The Nation LIVE! with Naomi Klein

Naomi Klein, author of "This Changes Everything: Capitalism vs. The Climate," spoke at The Nation LIVE!! event held at Town Hall Seattle on October 15, 2015.

Her acclaimed book delves into the critical relationship between capitalism and climate change. You can purchase "This Changes Everything" from Amazon or your local bookstore. Learn more about Naomi Klein at her official website: naomiklein.org.

Doughnut Economics by Kate Raworth

Economist Kate Raworth challenges traditional thinking with her "Doughnut Economics" concept. This framework, first published by Oxfam in 2012, outlines social and planetary boundaries for sustainable development. It has gained international recognition, influencing the UN’s Sustainable Development Goals.

Raworth is a senior visiting research associate at Oxford University and a senior associate at the Cambridge Institute for Sustainability Leadership. She has presented her ideas globally and is authoring *Doughnut Economics: seven ways to think like a 21st century economist*, due in Spring 2016.

Watch her video, "Introducing 'The Doughnut' of social and planetary boundaries for development," here. Learn more at www.kateraworth.com and follow her on Twitter @KateRaworth.

Dirk Philipsen on GDP

Gross Domestic Product (GDP) is the monetary value of all finished goods and services produced within a country's borders, typically calculated annually.

While GDP is often seen as the universal yardstick of progress, economic historian Dirk Philipsen argues that a finite planet cannot sustain its indefinite expansion. He proposes replacing the GDP regime with smarter goals that prioritize quality of life and ethical considerations for future generations.

Philipsen's book, *The Little Big Number*, explores this roadmap. Listen to a related podcast here.

Michael Spence on confronting big economic challenges

This interview features Nobel Prize-winning economist Michael Spence discussing strategies for stronger global economic growth.

Spence is a senior fellow at the Hoover Institution and a professor emeritus at Stanford University's Graduate School of Business. He also chairs the Commission on Growth and Development, established in 2006 to focus on growth and poverty reduction in developing nations.

Published by McKinsey and Company on April 6, 2015.

Oil Prices and the 'Spectrum of Pain' | The New York Times

Published on January 29, 2015, an article in The New York Times titled "Oil Prices and the 'Spectrum of Pain'" examines the global impact of plummeting crude oil prices.

The piece investigates why some nations are faring significantly better than others, despite crude oil falling over 50% since last summer.

Creating a circular economy: the challenges and opportunities for business

Climate change and increasing raw material scarcity demand a radical shift from traditional business models. A circular economy is essential.

Businesses are uniquely positioned to lead this transformation by controlling waste, utilizing cleaner energy sources, and collaborating with NGOs and governments.

This concept was highlighted in an article published on May 14, 2013, by The Guardian.

Re-thinking Our Story About the Economy with David Korten

This work offers a radical rethinking of our faulty assumptions about money and its proper use.

It is authored by David Korten, a prolific writer whose upcoming book, "Change the Story: Change the Future," is slated for publication in 2015.

Paul Collier - The Plundered Planet

Award-winning economist Paul Collier explores how to reconcile economic growth with environmental sustainability. He argues against "plunder," where a few exploit many, taking resources that belong to future generations. Our obligation to the future is a fundamental principle.

His book, "The Plundered Planet," delves deeper into these ideas. Purchase it on Amazon or at your local bookstore. This content was produced by the RSA (Royal Society for the encouragement of Arts, Manufactures & Commerce).

Living Better Is Possible by Annie Leonard

Annie Leonard, Executive Director of Greenpeace U.S.A. and creator of the Story of Stuff Project, advocates for active citizen involvement. She urges individuals to exercise their "citizen muscle" and be passionate about their work, highlighting the numerous ways to contribute.

Leonard shared her insights during an interview at the 2014 Annual Conference of the Association for the Advancement of Sustainability in Higher Education (AASHE) in Portland, Oregon, on October 28, 2014. This interview, produced by Ruth Ann Barrett of EarthSayers.tv and Barry Heidt of GeoSpirit.tv, was published on November 6, 2014.

A special collection featuring Annie Leonard as a Sustainability Champion is available on EarthSayers.tv. View here.

Valuing Eco-Systems by Joss Tantram

Joss Tantram, co-founder and Partner at Terrafiniti/TOWARDS 9 BILLION, explains the critical importance of understanding ecosystem value and the significant cost of their destruction.

His insights were presented at the Salzburg Global session, "A Climate for Change: New Thinking on Governance for Sustainability," in June 2013. This discussion was originally published on September 17, 2013.

Jim Kim: Shared Prosperity Key to Tackling Inequality

World Bank Group President Jim Yong Kim called for economic growth that creates more just societies, defining the institution's goal of boosting shared prosperity as its strategy to tackle global inequality.

Speaking at Howard University, Kim announced that for the first time in its history, the World Bank has set a specific goal to reduce global inequality.

Economy Updates:Richard Wolff

Richard D. Wolff's YouTube channel features programs that begin with 30-minute updates on recent economic events. This is followed by Wolff's analysis of major economic issues.

 

Topics covered have included Americans' falling household wealth, the global debt bubble, large US companies evading taxes via offshore havens, and corporate scandals such as GM's vehicle recalls.

 

Explore more on Professor Wolff's website. His book, Democracy At Work, is available for purchase.

A Cure for Capitalism - Palo Alto

After years of economic crisis and failed solutions, many Americans believe the capitalist system no longer serves them. It's time for a bold new approach. Richard Wolff presented his proposed cure, explaining and justifying it, and urged people to build real, positive change instead of resigning to economic decline.

This presentation marked the launch of Wolff's latest book, *Democracy at Work: A Cure for Capitalism*, released September 1, 2012, by Haymarket Publishers. The event was filmed by LinkTV on September 6, 2012. This description was published on March 14, 2013.

The Failure Of Success by George Land

Dr. George Land spoke at TEDxTucson's December 2011 event, themed "Innovating Our Green Economy." In his talk, "The Failure Of Success," he explored human innovation and the importance of creativity.

Land, an author, speaker, consultant, and general systems scientist, developed his Transformation Theory. This theory, stemming from his research, integrates principles of creativity, growth, and change. Learn more about Dr. George Land.

Many critics claim that the problem with economics is that it has no theory of value. From early

Critics argue that economics lacks a cohesive theory of value, a challenge debated by economists from Smith to Marx. This fundamental issue extends to problems concerning money, long-term stability, and sustainability.

A Long Finance conference panel, held on March 15, 2012, addressed "How to Incentivise Sustainable Finance." The discussion featured Professor Michael Mainelli, Dr Matthew Kiernan, Valéry Lucas-Leclin, and Joss Tantram.

Radical structural changes to the financial & banking systems by Adair Turner

Lord Adair Turner, former Chairman of the UK Financial Services Authority and Senior Fellow at the Institute for New Economic Thinking, delivered a presentation titled "Money and Debt: Radical Solutions to the Challenge of Deleveraging."

Turner highlighted a fundamental insight: banks simultaneously create new credit and new money "ex nihilo." He stressed this as a crucial concept for economics undergraduates to understand about the monetary economy.

This presentation was given at the "Fix the Banking System for Good" conference at the Philadelphia Fed on April 17, 2013, and published on May 5, 2013.

Quants: The Alchemists of Wall Street by Marije Meerman

Quants, the math and computer experts in finance, designed products that nearly crashed Wall Street. The credit crunch revealed our financial system's deep reliance on mathematical models attempting to quantify human economic behavior. Today, quants are at the forefront of another revolution: high-speed trading.

This raises crucial questions: What are the inherent risks of treating the economy as a complex machine? Can we truly control this model-based system, or have we created an uncontrollable entity?

This narrative delves into greed, fear, and randomness from the heart of Wall Street.

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Environmental Scientist and Advocate
 

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The Thinking Game | Full documentary | Tribeca Film Festival official selection

“The Thinking Game” is the inside story of DeepMind's groundbreaking AI research, culminating in the Nobel Prize-winning AlphaFold breakthrough. Filmed over five years by the award-winning team behind "AlphaGo," this documentary explores co-founder Demis Hassabis's lifelong pursuit of artificial general intelligence and the rigorous scientific journey from mastering strategy games to solving the 50-year-old protein folding problem.

Following its world premiere at the Tribeca Festival, "The Thinking Game" is now available to watch for free. For those interested in hosting a screening for a classroom, community, or workplace, visit: rocofilms.com/films/the-thinking-game/.

 

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The Thinking Game | Full documentary | Tribeca Film Festival official selection