Ask an economist “What is Money?” and the answer will likely be: “A medium of exchange, a unit of account, and a storehouse of value.” As a unit of account, money is useful in facilitating the market exchange of goods and services. Used for this purpose, money is one of humanity’s most important and beneficial […]
A Report Prepared for and Published by the Next System Project, August 10, 2016
As an MBA student, I learned a basic rule of effective organizational problem solving that has shaped much of my professional life. Our professors constantly admonished us to “look at the big picture.” […]
This report, for which David is the primary author, makes the case that the institutional structure of the system by which money is created and allocated determines whether America is governed as a democracy or an oligarchy. It presents a series of proposals to create […]
David Korten
Keynote presentation to the US Society for Ecological Economics
June 19, 2011, […]
There have been many exciting developments for the PCDForum since my message of February 2009. Over the past year, our focus has been on working with our key partners — the Institute for Policy Studies in DC (IPS), YES! Magazine, and the Business Alliance for Local Living Economies (BALLE) under the banner of the New […]
The financial crash of September 2009 exposed the power and corruption of Wall Street. It should have been a wakeup call to the need for a thoroughgoing redesign of the financial system. Yet both the Bush and Obama administrations responded by pumping trillions of dollars in bailout money into zombie banks […]
“Korten brilliantly explains the fundamental flaws in Wall Street’s phantom wealth economy so clearly that it is hard to remember not understanding it before having read this book. Then, even better, he provides a […]
Purchase your copy from a local independent book store
“This edition of Agenda for a New Economy brings together previously fragmented ideas about how to move forward into a compelling, cohesive framework for personal, community and government […]