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Full Description
Capitalism has gone astray. Today we face ecological exhaustion, persistent inequality, financialization, stress on communities, short-termism, and new power concentrations. An avalanche of new economic thinking and a reorientation of European values show the way toward a different economy. A new perspective is necessary if we want to implement the Sustainable Development Goals and if we consider our planet as 'Our Common Home,' for present and future generations. This book argues that European economies should be the initiators of a global transition toward a sustainable and inclusive world economy. Together, amid severe geopolitical and geoeconomic challenges, they need to develop their own perspective on what a good economy really is, in distinction to Chinese state capitalism and American big business capitalism. Crucially, this requires the rediscovery of key European values, a coherent view on responsible capitalism, and a new self-awareness as a global player for the Common Good in today's and tomorrow's world.
Contents
Part I: Europe's Present Condition: A Diagnosis, 1. Introduction: From the Challenge of 2015 to the Shock of 2022, 2. Europe's 250-Year Project..., 3. Triumphant Capitalism: Bold Assumptions of an Overconfident Age, 4. Europe's Confusion and Reorientation, Part II: Europe's Mission: Developing Responsible Capitalism, 5. The First Pillar of Renewal: Europe's Ideals, 6. The Second Pillar of Renewal: Inspiration from Revaluing Europe's Story, 7. The Third Pillar of Renewal: Ideas about Economics, 8. The Fourth Pillar of Renewal: Indicators and the New Art of Measurement, 9. The Fifth Pillar of Renewal: Institutions and the Multiactor Approach, 10. The Flying Wheel of Responsible Innovation (A): the 'Makers' of a New Economy (Business, Finance, Consumers), 11. The Flying Wheel of Responsible Innovation (B): the 'Embedders' of a New Economy (Government, Nature, Community, Civil Society), 12. The Flying Wheel of Responsible Innovation (C): the 'Critical Innovators' of a New Economy (Media, Research and Education, Imaginative Reflection), Part III: Europe's New Position: Global Player for the Common Good, 13. A New World Order is Emerging, 14. Europe's Contribution in Tomorrow's World, 15. In Conclusion: Challenges and Recommendations for a Rejuvenated Europe, EPILOGUE: Towards an Economics of Hope
