What’s wrong with modern economics?
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About the video: ‘What’s wrong with modern economics?’
Kiuchi believes that various aspects of modern economics are outmoded. The Keynesian economic model is one example, with its emphasis on maximizing demand by any means so as to secure full employment. Gross Domestic Product (GDP) is another outdated concept. In origin it was created in 1938 to measure a nation’s military strength, but has since become identified as the key measure of economic progress. New measures are needed to reflect human happiness and quality of life. At the same time rampant consumerism must be curbed.
Total views: 1,540
Filmed: Berlin, Germany on 8 September 2006
Credits: Interviewer - Marcus Morrell, Camera and Editor - Marcus Morrell
Copyright © 2006 Big Picture TV
About Takashi Kiuchi
Takashi Kiuchi is one of Japan’s most iconoclastic business executives. As Chairman and CEO of Mitsubishi Electric America he broke with corporate norms to champion a systems approach to business advocating a rapid transition to environmental sustainability and social responsibility. He is currently Chair of the Future 500, an international organization that provides tools and services to deliver improved corporate social responsibility, and CEO of Tokyo-based E-Square, that aims to support both corporate and non-corporate players in the transition to an environmentally and socially sustainable society.
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