The New Pragmatism, or an Economics of Moderation

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.