As the world continues to confront inhumane levels of poverty, widening inequality, and environmental degradation, a growing number of individuals, including academics, business owners, and policy entrepreneurs, are calling for a new moral economy. These leaders are rejecting the conventional economic myths that free markets are more efficient and that enormous inequalities are unavoidable; instead, they’re embracing ethical and socially responsible economic models that prioritize moral action and accountability.
In his new book, “The Alternative: How to Build a Just Economy,” author and academic Nick Romeo explores this paradigm shift in economic thinking, challenging prevailing notions perpetuated by some economists and business leaders. He shares compelling stories of these new innovative approaches, including businesses organized as purpose trusts, venture capital funds addressing wealth inequality and climate change, Oslo’s successful climate budgeting program, Portugal’s democratic budget decisions, worker-owned cooperatives fostering innovation, and public-sector initiatives providing protections for gig workers. “The Alternative” presents a vision of economies that are more equal, just, and livable, showcasing real-world examples of success. Ultimately, it challenges the prevailing narrative and offers a glimpse into a viable alternative economic system.
In this conversation — which took place on January 24, 2024 — we hear Nick Romeo and moderator Maureen Conway (Vice President, The Aspen Institute; Executive Director, Economic Opportunities Program) discuss his new book and invite guests to imagine what a more humane economy could be.
For more information about this event — including video, audio, photos, speaker bios, and additional resources — visit: https://www.aspeninstitute.org/events/the-alternative-how-to-build-a-just-economy-a-book-talk-with-nick-romeo/
To purchase “The Alternative: How to Build a Just Economy,” visit: https://www.hachettebookgroup.com/titles/nick-romeo/the-alternative/9781541701618/