Viewpoint by Marshall Auerback and Jan Ritch-Frel
Marshall Auerback is a market analyst and commentator and Jan Ritch-Frel the executive director of the Independent Media Institute. This article was produced by Economy for All, a project of the Independent Media Institute.
NEW YORK (IDN) – Former U.S. Treasury Secretary Lawrence Summers has recently conceded: "In general, economic thinking has privileged efficiency over resilience, and it has been insufficiently concerned with the big downsides of efficiency." Policy across the globe is therefore moving in a more overtly nationalistic direction to rectify this shortcoming.
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