Crises and Opportunities: A Manifesto for Change

Piecemeal fragmented strategies cannot address the pressing challenges facing humanity today. Economic theory has to be radically reinvented to squarely face the reality of rising unemployment, widening inequalities, growing ecological threats, frustrated social aspirations and unmet human needs. Monetary and fiscal policies are too crude and insufficient to steer the essential change of course required to address multidimensional demographic, ecological, economic, political and social crises. New values are needed to guide policy formulation and new institutions are needed to support peaceful social evolution and inclusive, equitable development in an increasingly globalized and interconnected world.