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Bazaars, Conversation & Freedom : For A Market Culture Beyond Greed and Fear

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Bazaars, Conversation & Freedom : For A Market Culture Beyond Greed and Fear

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Long before the financial meltdown and the red alert on climate change, some far-sighted innovators diagnosed the fatal flaws in an economic system driven by greed and fear. Across the global North and South, diverse people-financial wizards, economists, business persons and social activists-have been challenging the 'free market' orthodoxy. They seek to recover the virtues of bazaars from the tyranny of a market model that emerged about two centuries ago. This book is a chronicle of their adventures. From Wall Street icon George Soros and VISA card designer Dee Hock we get an insider critique of the malaise. Creators of community currencies and others, like the father of microfinance, Bangladesh's Muhammad Yunus, explore how money can work differently. The doctrine of self-interest is re-examined by looking more closely at Adam Smith through the eyes of Amartya Sen. Mahatma Gandhi's concept of 'Trusteeship' gathers strength as the socially responsible investing phenomenon challenges the power of capital. Pioneers of the open source and free software movement thrive on cooperation to drive innovation. The Dalai Lama and Ela Bhatt demonstrate that it is possible to compete compassionately and to nurture a more mindful market culture. This sweeping narrative takes you from the ancient Greek Agora, Indian choupal, and Native American gift culture, onto present day Wall Street to illuminate ideas, subversive and prudent, about how the market can serve society rather than being its master. In a world exhausted by dogma Bazaars, Conversations and Freedom is an open quest for possible futures.

Rajni Bakshi

Rajni Bakshi Mumbai-based freelance journalist and author. She writes about social and political movements in contemporary India. Rajni is the founder and curator of Ahimsa Conversations, an online platform for exploring the possibilities of nonviolence. She was formerly the Gandhi Peace Fellow at Gateway House: Indian Council on Global Relations. Her journalism has appeared in many English and Hindi newspapers and magazines. Bakshi attended school in Kingston, Jamaica, Indraprastha College (Delhi), George Washington University (Washington D.C.) and Rajasthan University (Jaipur). In 2000 Rajni received the Homi Bhabha Fellowship. Her book Bazaars, Conversations and Freedom (2009) won two Vodafone Crossword Book Awards, one in the "Non Fiction" category, and one in the "Popular Award" categor

Title

Bazaars, Conversation & Freedom : For A Market Culture Beyond Greed and Fear

Author

Rajni Bakshi

Number of Pages

446

Category

  • Non-Fiction
  • First Published

    JAN 2009

    Long before the financial meltdown and the red alert on climate change, some far-sighted innovators diagnosed the fatal flaws in an economic system driven by greed and fear. Across the global North and South, diverse people-financial wizards, economists, business persons and social activists-have been challenging the 'free market' orthodoxy. They seek to recover the virtues of bazaars from the tyranny of a market model that emerged about two centuries ago. This book is a chronicle of their adventures. From Wall Street icon George Soros and VISA card designer Dee Hock we get an insider critique of the malaise. Creators of community currencies and others, like the father of microfinance, Bangladesh's Muhammad Yunus, explore how money can work differently. The doctrine of self-interest is re-examined by looking more closely at Adam Smith through the eyes of Amartya Sen. Mahatma Gandhi's concept of 'Trusteeship' gathers strength as the socially responsible investing phenomenon challenges the power of capital. Pioneers of the open source and free software movement thrive on cooperation to drive innovation. The Dalai Lama and Ela Bhatt demonstrate that it is possible to compete compassionately and to nurture a more mindful market culture. This sweeping narrative takes you from the ancient Greek Agora, Indian choupal, and Native American gift culture, onto present day Wall Street to illuminate ideas, subversive and prudent, about how the market can serve society rather than being its master. In a world exhausted by dogma Bazaars, Conversations and Freedom is an open quest for possible futures.
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