Issue 52.3 | Beyond economics

Volume 52 issue 3 | Beyond economics

How has the current financial crisis challenged the givens in economic thinking? How should development policy respond? Can economics be reshaped to meet human development needs? SID in partnership with the Humanist Institute for Cooperation with Developing Countries (HIVOS) responded to the financial crisis through this special issue of the Journal on 'Beyond Economics'. 

This issue takes up the challenge of rethinking the culture of economics in the wake of the current crises. It explores what urgently needs to change in economic theory and policy in order to addressthe food, finance, climate and (the less visible) care crises. The authors include economists who reflect on the limits of mainstream economic thinking, as well as leading development policy makers who examine what types of development models are required to promote human development based on the livelihoods and rights of the poor. The issue stresses that a high priority for development in the future is to revalue care work as a visible and crucial development strategy. In the last section of the journal, authors envisage a new economic culture based on ecological, gender and social justice.

Beyond Economics is in memory of renowned Indian academic and civil society leader Smitu Kothari.

Table of contents | Editorial 

 

DevelopmentPLUS 

Launch event: Three consecutive launch events in partnership with HIVOS have taken place in three continents. The first one was held in New York on 29‐31 October 2009 together with the SID-HIVOS-UNDESA policy seminar ‘Responding to the interlocked financial, climate and care crises’. Download report.

The second took place in The Hague on 11 December 2009 under the title ‘Beyond Economics: Building collective responsibility for sustainable livelihoods’. Download report

Finally, a third launch on 2‐3 February 2010 was carried out in Dar es Salaam under the title ‘Beyond Economics: An East African Conversation’. Download report

The three conversations focused on the critique of mainstream neo‐classical economic thinking. They searched for visions for alternative forms of economies, as well as new frameworks for sustainable human development. The seminars aimed to analyze the systemic crisis the world is facing, going beyond the financial and economic one, and proposing solutions that also encompass the food, climate and care crises. The first two launches debated how  economics can work for ordinary people, and what policy is required to go beyond economics at international level, for prosperity without growth in the North and sustainable growth for people's livelihoods in the South. The third launch in Dar  discussed specifically the impact of the systemic crises on African development. A final publication reproduces the three reports from the launches, the programs of the events, the list of participants, and additional interviews with journal’s authors and speakers at the launches published on the SID Forum.Download the final report

Online launch: As Development 52.3 was in memory of Indian activist, scholar and long-time SID collaborator Smitu Kothari, SID has decided to publish an interview he gave to Georgina Drew, a Ph.D. candidate at UNC, Chapel Hill on 29 March 2007. The interview highlighted Smitu's involvement with the Narmada Bachao Andolan and the transitions that social movements in India have gone through in the last few decades. 

Smitu Kothari on Dams, Development and the Ethics of Engagement

As part of the above launches and discussions of Beyond Economics 52.3, a number of interviews have been featured on the SID Forum:

After the crisis: The need to put for a new monetary system. An interview with James Robertson

The need to put people and the planet before profit. An interview with Ana Agostino

It is time to put money into the 'real economy'. An interview with Randall Wray

The need to reconnect value with values. An interview with Nitasha Kaul

How to break the culture of making money from money. An interview with David Korten