The New Economy

I can't attend this lecture today, but I would be interested more of what Chris Farrell ahs to say. I enjoy his program on MPR and am excited about the idea of a new economy that would shift the American eye from blind consumption to asking the question of what is real joy and happiness. How refreshing.

The Frugal Future

Frontiers in the Environment seminar by
Chris Farrell, Economics Editor, "Marketplace Money," American Public Media
Yogi Berra famously quipped, "It's tough to make predictions, especially about the future." But Farrell is willing to predict that, over the coming decade, the rise of the mobile Internet and the push for sustainability will transform the economy, driving the next wave of creative destruction (economist Joseph Schumpeter's phrase for the process by which new technologies, markets, and organizations supplant the old). For too long society equated living better with owning lots of stuff, much of it bought on credit. We always knew that wasn’t quite right—that what gives us real joy are experiences, learning, creativity, spirituality, friends and family. The promise of the new economy is the opportunity for a life made better not by ownership but by greater flexibility and meaning.

(https://events.umn.edu/The-Frugal-Future-013797.htm)