Apart from their work and production, households perform ot… - Jim Stanford

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Apart from their work and production, households perform other important economic functions. Most CONSUMPTION occurs within the household. … In developed capitalist economies, private consumption spending accounts for half or more of GDP.

Jim Stanford

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About Jim Stanford

Jim Stanford is the resident economist for the Canadian Auto Workers and founder of the Progressive Economics Forum. He holds a Master’s degree in Economics from Cambridge University, and a Ph.D. from the New School for Social Research.

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Kate Raworth John Komlos Ha-Joon Chang Joan Robinson Nick Hanauer

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The only factor that poses a genuine challenge to the current order is the willingness of human beings to reject the injustice and irrationality of this economy, and stand up for something better. Capitalism will not fall-rather, it must be pushed.

Capitalism, in contrast, has existed for fewer than 300 years. If the entire history of Homo sapiens was a 24-hour day, then capitalism has existed for two minutes.

The problem is not scarcity; the problem is power.

Apart from their work and production, households perform other important economic functions. Most CONSUMPTION occurs within the household. … In devel… - Jim Stanford

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