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Transforming Our Economy

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Inspired by the Capital Institute's Third Millennium Economy initiative, this collection highlights those voices - ecological economists, sociologist, finance professionals, environmentalists, community developers - advocating a restructuring of our economy to transition to a truly sustainable economic system.

Curated by mokiethecat

How Free is the Free Market by Raj Patel

Uploaded on Jan 13, 2010

Raj Patel, author of The Value of Nothing, examines the concepts of freedom and liberty in relation to the free market economy. He suggests Nobel laureate Elinor Ostrom's notion of collaborative governance known as "the commons" may be a better alternative to resource management.
If economics is about choices, who gets to make them? Activist and academic Raj Patel says that prices often mislead us, and he reveals the "hidden costs" of goods. To demonstrate his argument that the free market and corporations distort price and value, Patel suggests that the true price of a hamburger would be $200 if we factor in the hidden environment and health costs.

EarthSayer Raj Patel

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