"Cities tend to innovate most in areas that are politically and administratively least contentious — and avoid innovating where the green transition is most distributive, conflictual, and therefore legitimacy-sensitive."

Or, as Jason Hickel would put it, the scarce resource of economic transformation is politics.

#cities
#economics
#newEconomicThinking

https://rainerkattel.substack.com/p/cities-invented-democracynow-they

I'm speaking at the #TechAndSociety2025 with the Rhodes Trust and Equitech Futures in Oxford this November.

I will be part of a panel on the Economics of Abundance. Meshes well with #degrowth, #newEconomicThinking and my newfound romance with #economics. 😅 💖

Info and tickets: https://events.rhodeshouse.ox.ac.uk/rts25

Interesting: the "New Economic Thinking" label (AFAIK introduced by a report by Demos Helsinki in 2022) seems to be catching on. "The New Economic Thinking community".

https://medium.com/iipp-blog/iipp-launches-strategic-economics-alliance-in-latin-america-aiming-to-reshape-economic-theory-and-546c2316a010

#economics
#NewEconomicThinking

"The Dignity Deficit: Inequality, Work, & Recognition

Thomas Piketty and Michael Sandel explore how inequality isn’t just about wealth—it’s about dignity. They discuss how economic structures fail to value workers without elite credentials and propose solutions that go beyond redistribution."

Taxing the rich, with progressive taxation 80-90%, actually works very well, says Thomas Piketty

https://youtu.be/bMg-1raozPA
#piketty #sandel #economy #inequality #taxtherich #neweconomicthinking #dignity

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"In Michoacán, local Indigenous communities began litigating to reclaim police budgets for their use, arguing that the government had failed to protect their areas from cartels. This strategy resulted in several court victories, which ultimately led to the incorporation of direct budgeting into legislation."

https://istanbulinnovationdays.org/direct-budgeting-how-indigenous-communities-built-their-own-institutional-foundations/

#NewEconomicThinking

A dream come true: I'll be designing and chairing the plenary session on "Alternative economic models and finance" at the Istanbul Innovation Days 2025 – UNDP's flagship innovation event. Expect interesting questions. #IID2025

https://istanbulinnovationdays.org/speaker/alberto/

#economics
#institutionalInnovation
#NewEconomicThinking

I read the Draghi report so you don't have to. The upshot: bold in policy proposals, but most of the high-level analysis is based on GDP being a reliable indicator of human well-being. Since it is not, there is a GIGO problem.

http://www.cottica.net/2024/10/15/the-draghi-report-vs-new-economic-thinking/

#MarioDraghi #EUCommission #gdp_obsession #degrowth #NewEconomicThinking

"It is disappointing to see [GDP] used in a document of the importance of the Draghi report. #NewEconomicThinking scholars would have tried to estimate physical productivity: for example, by comparing worked hours and material input with some measure of human welfare like the United Nations’ Human Development Index."

http://www.cottica.net/2024/10/15/the-draghi-report-vs-new-economic-thinking/

#economics #MarioDraghi #degrowth #EUCommission

[New post] The Draghi Report vs. New Economic Thinking (long)

http://www.cottica.net/2024/10/15/the-draghi-report-vs-new-economic-thinking/

#degrowth #postGrowth #NewEconomicThinking #MarioDraghi #europeanunion

Photo: The Eurotower in Frankfurt am Main by Marco Verch under Creative Commons 2.0 https://foto.wuestenigel.com/der-eurotower-in-frankfurt-am-main/