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Uploaded on Oct 20, 2011
OCTOBER 19, 2011 A business partnership with posterity: Creating an enhanced operating system for the world's economies
Hank Patton (and panel) Chairman of World Steward
Read the background paper here
A truly healthy economy must provide adequate jobs, security and wellness to all people while at the same time protecting natural resources for current and future generations. PSU researchers are examining alternative solutions to enable economies to perform all these functions effectively and efficiently. One possible approach, called "intergenerational finance," gives future generations the ability to partner with actors in today's economy through trustees, long-term financing and markets based on scientifically developed metrics designed to assure greater and more equitable wealth creation while restoring natural systems. Hank Patton, the concept's designer, will present the idea, and researchers will lead a discussion on it and other proposed solutions, like taxes, public trusts, regulation and cap and trade.