The New Pragmatism, or an Economics of Moderation

Grzegorz W. Kolodko
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Grzegorz W. Kolodko: Kozminski University

Chapter 15 in Whither the World: The Political Economy of the Future, 2014, pp 403-422 from Palgrave Macmillan

Abstract: Abstract How do we reconcile a practical approach to economy with an uncompromising attitude? Can you be both an economic pragmatist and a man of principles? Is it worthwhile? It is both possible and worthwhile. If we want the world of the future to be a world of peace and of a reasonably harmonious development — and we do want that very much — we need to introduce new values to economic reproduction processes but, at the same time, we shouldn’t, even for a moment, forget pragmatism, which is the fundamental, indispensable feature of rational economic activity. We need a pragmatism that favors multiculturalism and comes from a system of values that promotes inclusive globalization, social cohesion and sustainable development.

Keywords: Life Satisfaction; Political Economy; Income Inequality; Income Distribution; State Capitalism (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-47025-6_8

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DOI: 10.1057/9781137470256_8

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