Deep down in our soul, we cry out for someone, anyone, to point the way out of our current financial troubles, both personally and at large. But in reality, it might mean rethinking the value of money altogether

It was the early 1980s, and the mud in the slum of a rural town in Peru was ankle-deep. Berkeley-educated German-Chilean economist Manfred Max-Neef stood, soaked, across from a local man in the pouring rain. He found that his expensive education had provided him with no language capable of describing the experience of that moment with this man, who had absolutely nothing – apart from many mouths to feed.

It was clear to Max-Neef that in order to succeed as the kind of economist he wanted to be, he would have to invent a new kind of language to explain the nuances visible only through the perspective of the poor. He decided to become a ‘barefoot economist’.

Max-Neef’s travels through South America, living and working with the poorest communities, opened his eyes to the abundance found within their livelihood strategies. He discovered the logic and beauty of judging the worth of things by their usefulness rather than by their monetary value. But most importantly, he realised that development is about people, not objects or the pursuit of infinite growth.... Read the complete Article:

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