Celebrate the New Year with the 159-page eBook “Alternative Economics: Reversing Stagnation” by Marc Batko, Smashwords ($3.99)!
Mainstream trickle-down economics is helpless in countering exploding inequality and precarious work. Austrian, Swiss, Polish and German critical economists could help us find a future-friendly economics with reduced working hours and reduced destruction of nature.
The appendix explains 29 state, business, labor, and social myths. The state is not a business or a housewife but can incur debts to help coming generations. What is rational from a micro-economic perspective can be disastrous from a macro-economic perspective (e.g. competition can lead to mass unemployment on a macro-level). Wages are vital demand and never only a cost-factor.
Unlike a chair, an idea can be shared by a whole people.
Access instead of excess! Enough instead of more!
The anthology “Alternative Economics: Reversing Stagnation” includes 3 translator’s introductions, 3 poems from the translator, 12 articles by Tomas Konicz, 1 article by Ulrike Herrmann, 1 article by Helmut Martens, 1 article by Franz Garnreiter, 1 article by Sven Giegold,, 1 article by Karl Georg Zinn and an appendix “Myths of the Economy” that explains 29 state, labor, business and social myths. Less
The financial sector should be shriveled and the public sector expanded. The myths of self-healing markets, efficient financial markets, nature as a free good, external and sink, infinite growth in a finite world, quantitative growth and the exact sciences eclipsing qualitative growth and the human sciences (history, literature, play, language, sociology, political science, philosophy) and private opulence next to public squalor (cf. John Kenneth Galbraith) must call us to rethinking – individually and collectively.
Alternative Austrian, Swiss, Polish and German economists can alert us to the bankruptcy of austerity policy and fiscal policy aiding capital at the expense of workers and the environment. The future economic policy must be regional and decentralized. A post-materialist economy is possible as we transition from excess to access and more to enough. Work, health, strength, security and happiness can be redefined. The rights of nature can be respected in a future of moderation, equality, and freedom.
More and more is produced with fewer and fewer workers. Work and income have uncoupled as people cannot survive on their earnings from work and depend on credits and loans. Reducing working hours is a response to increased productivity and is the only way to assure every one of the right to meaningful work. Reducing working hours, as Michael Schwendinger explains, is a socio-economic investment that protects long-term health interests and gives people more time sovereignty.
The appendix “Myths of the Economy” explains 29 state myths, labor myths, business myths and social myths. The state is not a business or a household but can become indebted to help future generations. The future can be open and dynamic instead of closed and static if we tackle the myths and contradictions that lead to exploding inequality and precarious work.
Enjoy the feast! Celebrate your independence!