User:Festoman

Mindful economics is an institutional reform movement based on in the core values of environmental sustainability, social justice, and stability. The movement was founded by economist, Joel Magnuson who is most know for his book, Mindful Economics: How the U.S. Economy Works, Why It Matters, and How It Could Be Different, NY: Seven Stories Press, 2008. The central premise of the mindful economics movement is that the dominant economic institutions in America have created pathological systems conditions and alternative institutions need to be developed. Evidence of this pathology can be found in a number of areas such as widespread environmental destruction, resource depletion and global warming. It can also be found in the vast inequality of wealth and income distribution, and in banking crisis of 2008. The reform movement confronts these problems and fosters change through the development of new, non-capitalist institutions such as locally based community cooperatives, small businesses, and public institutions all structured around the core values of mindful economics.