Abstract

The aim of the paper is to justify why contemporary economics must be reoriented from the direction of Economic Growth to the direction of Sustainable Development. Human society is at a deadly curve. The Economic crisis is only one slice of Gordon’s Knot of Crises of our Civilization. The Economy is facing system challenges without precedence. Reasons for this situation are different fetishes of present positive and normative economics. The au­thor explores the main aspects of diagnoses, prognoses, analyses, assessments, and present solutions concerning economy. Of fundamental importance are: the essence of the global cri­sis, new challenges facing Western civilization in the near future, and fundamental misunder­standings in the proposed solutions of crucial problems. The one chance for an adequate solu­tion to the critical situation is the Strategy of Sustainable Development. In Poland this strategy is absent in mainstream economics as a theory of economy and as the foundation of rational policy. It concerns a very broad front of economic sciences and economic technologies. Eco­nomic academic education is also not adequate to the very serious situation facing graduates in the future. Consciousness, knowledge and abilities of economic professionals are good for the past, not for the nearest future. In Poland, an additional problem is a lack of common eco­nomic academic education in English. Present economics and economy must be verified with many original (not translated) settlements and conclusions concerning sustainable develop­ment from economics and from other sciences and from reality outside economy. Of crucial importance have been settlements and conclusions of ecology and of sociology on the basis of information technologies.

Highlights

  • In spite of all the successes of our civilisation, the huge area of the Earth is a picture of inequality, injustice, poverty, destitution, depression, waste of resources and many other undesirable features and processes of the Human World

  • The population of Homo Sapiens L. is at a deadly curve of its way to the future

  • This deadly curve is a system of crises of Humanity

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Summary

Introduction

In spite of all the successes of our civilisation, the huge area of the Earth is a picture of inequality, injustice, poverty, destitution, depression, waste of resources and many other undesirable features and processes of the Human World. Economic problems that have been at present discussed are only the tip of the iceberg on the road of Humanity’s development. In spite of the fact that the term sustainable development has been used since 1987, up to now this term is known and accepted only by a minority of common people (voters), and policy decision makers on international, regional and local scales. This should be changed, with the term becoming clearly connected to the concepts of economy and economics. This paper is only focused on making a contribution about economics within a much wider fundamental problem of contemporary times

Market economy
Las Vegas as a case study of market economy
The god of market economy
Fetishes of market economy
The essence of the global economic crisis
Challenges of the near future
Fundamental concepts
Sustainable development
Conclusions
Literature
Full Text
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