Lene Rachel Andersen, a Danish philosopher and author of 'The Nordic Secret', teams up with Jason Ananda Josephs, co-founder of the Metamodern Theory and Praxis Journal. They dive into the groundbreaking concept of polymodern economics, challenging traditional economic metrics like GDP. The discussion highlights the evolution of societies, the need for sustainable economic models, and the significance of local economies. With a focus on emotional health and social equity, they envision a future where diverse economic systems thrive harmoniously.
Polymodern economics critiques traditional metrics like GDP, advocating for a focus on wellbeing and qualitative indicators for economic success.
The podcast emphasizes the significance of historical context in economics, highlighting how pre-modern perspectives can enrich our understanding of human interactions.
Capitalism is viewed through a nuanced lens, recognizing its benefits and drawbacks while advocating for a balanced integration with alternative economic systems.
Deep dives
Understanding Polymodern Economics
Polymodern economics offers a novel framework for understanding contemporary economic issues by challenging traditional measurement metrics like GDP and unemployment rates. It critiques the existing economic model that, while it has historically alleviated poverty, now generates new societal problems such as homelessness and drug addiction, particularly in the U.S. This approach suggests that by focusing on different indicators of wellbeing and thriving, it is possible to foster an economy that emphasizes human relationships and environmental health. The conversation promotes a shift towards measuring qualitative aspects of life, suggesting that a shift in measurement could influence a shift in economic practices.
Historical Context of Economics
The discussion contextualizes economics by dividing human history into four distinct eras: indigenous, traditional, modern, and postmodern, each contributing unique insights to our understanding of human interaction and economy. It argues for the inclusion of pre-modern perspectives, emphasizing that the values and social structures from hunter-gatherer societies continue to play a critical role in defining human needs. This historical lens reveals how different systems of exchange and community bonds have evolved and the importance of those age-old connections in shaping contemporary society. By recognizing these historical contributions, a more holistic and layered view of economics emerges that values both ancient and modern practices.
The Role of Capitalism
Capitalism is presented not as a monolithic evil but as a system that has both advantages and limitations in addressing the complexities of modern economic challenges. This model has been successful in fostering innovation and production efficiency but ultimately creates increased inequality and environmental degradation if left unchecked. The conversation encourages finding a balance where capitalism can coexist with other economic modalities, such as artisan and gifting economies. By compartmentalizing capitalism's role and integrating it into a polymodern framework, the discussion highlights the need for regulation and ethical considerations in economic practices.
Nature as an Economic Foundation
The importance of integrating nature into economic frameworks is emphasized as the conversation calls for models that prioritize ecological sustainability alongside human productivity. Current economic systems often overlook the urgency of environmental preservation, threatening long-term viability for both the economy and the planet. By considering nature as a foundational layer upon which human economies are built, the discourse advocates for impactful changes in how resources are valued and utilized. This perspective pushes for a systemic understanding that binds economic success and environmental integrity together.
Envisioning a Polymodern Economy
The vision for a polymodern economy entails a diversified economic landscape where various models—gift economies, artisan markets, digital enterprises, and traditional capitalism—can coexist and synergize. It stresses the importance of local economies thriving through sustainable practices, which could foster vibrant communities and reduce reliance on global markets. Local currencies and tax incentives for smaller businesses are proposed as strategies to strengthen community ties and resilience. In essence, this futurist outlook aspires to create economic systems that are adaptable and humane, prioritizing quality of life and social connection.
Here, Lene Rachel Andersen joins us to talk about her piece Polymodern Economics.
Following the publication of the first issue of Metamodern Theory & Praxis, a new, anti-disciplinary journal dedicated to movements in metamodern thought, we will be inviting the various contributors for some discussion about their work.
