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The New Pragmatism, or an Economics of Moderation

In: Whither the World: The Political Economy of the Future

Author

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  • Grzegorz W. Kolodko

    (Kozminski University)

Abstract

How do we reconcile a practical approach to economy with an uncompromising attitude? Can you be both an economic pragmatist and a man of principles? Is it worthwhile? It is both possible and worthwhile. If we want the world of the future to be a world of peace and of a reasonably harmonious development — and we do want that very much — we need to introduce new values to economic reproduction processes but, at the same time, we shouldn’t, even for a moment, forget pragmatism, which is the fundamental, indispensable feature of rational economic activity. We need a pragmatism that favors multiculturalism and comes from a system of values that promotes inclusive globalization, social cohesion and sustainable development.

Suggested Citation

  • Grzegorz W. Kolodko, 2014. "The New Pragmatism, or an Economics of Moderation," Palgrave Macmillan Books, in: Whither the World: The Political Economy of the Future, chapter 15, pages 403-422, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-47025-6_8
    DOI: 10.1057/9781137470256_8
    as

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