Table of Contents

• Introduction
• Stability
• Sustainability
• Towards a sustainable and more stable Economic Model
• Complexity approach to Markets
• Pluralism
• Varieties of Capitalism
• Approaches to Growth
• More Growth
• Amended growth
• End growth
 OBJECTIVES

• To understand more the concept of stability

and sustainability for economic growth
• To explain previous developments and
approaches to stability and sustainability until
the last crisis started.
 Complexity approach to Markets
• Formal concept of markets which dominates
modern economics.
• Market tend always to a state of equilibrium
set out by forces of demand and supply.
• Knut Wicksell: No matter thr reason, a horse
witj blinkers will move in expected way.
 What should be done?

• More holistic and organic approach to

economies.
 Pluralism
• 1980- Issue of convergence of national
economic models.
• NEO-LIBERAL PROBLEMS
• 1st: Increased exposition of the world
economic systems on crisis & contagion
effects.
• 2nd: Efficiency
• 3rd: Legitimacy of market based solutions
 More Growth
• Adjustment of Economies to market forces
• Strong belief in technological resources
• Nicholas Stern - British economist & former
chief economist of World Bank - Prepared
a reporta on Climate change in 2006.
- The more the goods, the better.