Conclusion—Economics for Sustainable Prosperity

Steven Hail ()
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Steven Hail: University of Adelaide

Chapter Chapter 8 in Economics for Sustainable Prosperity, 2018, pp 253-270 from Palgrave Macmillan

Abstract: Abstract The final chapter summarises a new economics for sustainable prosperity. This requires the replacement of the old orthodoxy with a new approach to economic management, drawing on insights from Post-Keynesian and behavioural economics, and using modern monetary theory as a frame. It requires that we live within our real and ecological constraints, with equitable full employment based on a well-designed job guarantee and a financial system designed to serve the needs of a sustainable economy, rather than one designed to promote inequality and financial fragility.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:pal:bifchp:978-3-319-90981-3_8

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DOI: 10.1007/978-3-319-90981-3_8

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