Overview of the Economics of the Commons Conference

One of the most significant impediments to change is the entrenched power of the neoliberal economic and political paradigm. The prevailing economic dogma is that individual self-interest, expansive private property rights and globalized free trade can solve most social and environmental problems. Many challenge this view, of course, and continue to decry the dysfunctionalities of the market economy, the inadequacies of the welfare state and threats to the biosphere from climate change and resource depletion. But despite the important work of many heterodox schools of economic thought in addressing these issues, few political thinkers and players seem interested in or capable of developing a new political/economic philosophy based on practical alternatives. We are stuck at an impasse.