Free markets are often presented as the sole solution to poverty and human development. But the global market is inefficient and life-destructive, writes *John McMurtry*.
Tag: global market
Keynote Address by University of Guelph University Professor Emeritus John McMurty, entitled “Rationality and Scientific Method: Paradigm Shift in an Age of Collapse” given on March 19, 2008 at the University of Windsor
This paper explains what has long been missing across domains and levels of analysis: (1) the life-blind inner logic regulating contemporary paradigms of “rationality” and “scientific method”; (2) the reasons why these regulators of thought select for unforeseen consequences of ecological, social and economic collapse; and (3) the principle of life-ground consistency which corrects this systemic incoherence of thought regime.
KEYWORDS: academy, collapse, collective choice, full coherence principle, game theory, life and money sequences of value, mechanism, global market, rationality, scientific method, truth
