How change begets more change

Back in 2002, Carlota Perez published an original, daring and bold concept that describes our long-term social development. For her, technology, economy, and society each play a vital role, each of them by itself drives change, as much as it is driven by the changes of the others. Here’s a very initial introduction to her thinking.

Changing values – Towards a new economy?

Our ideas of value, what it is and how it is generated in the economy, have changed over time. Today’s dominant school of thought, neoclassical economics, lost sight of these decisive questions, as Mariana Mazzucato argues in her 2018 ‘The Value of Everything’. But there are some very recent promising signs that we are starting to have a renewed debate about value and how we want the economy to work for all of us.

Policy innovation at work

Today I’ll present a timely example and, I hope, an inspiring glimpse of how European policy-making actually works. It goes like this: On 4 July, economics professor Mariana Mazzucato spoke in Helsinki about the mission-oriented approach to research and innovation that the Union should adopt. Questions will come readily to your mind: Why now? Why there? Why she? And of course: So what? Let’s go through.

Some inspiration for 2019

As the old year draws to a close, the holiday season offers a much-needed break from everyday busy-ness to rest, to reflect, to put recent events into longer-term perspective. It’s the time for racking and stacking and sorting the ideas that have accumulated, and to think ahead. To give my fuzzy observations an initial structure for some systematic follow-up, I’ve composed a preliminary reading list for the new year that I’m sharing here.

Economic trajectories into the future

The Digital Revolution started only about 40 years ago. While much of it is still in the future, some of the challenges and opportunities ahead are already clearly visible. In essence, there are two major forces at work: One is the breakthrough of information as the next dominant economic fuel, the other is the diversity of economic realities around the globe. Today, I’ll take a deeper look at this diversity and how it might evolve in the future.