He was always a maverick. In the seventies and eighties, Binswanger taught economics at the Swiss University of St. Gallen and became known as an ecologist and critic of uncontrolled growth. In 1985, his book "Money and Magic" presented a profound interpretation of Goethe's "Faust." The progress of civilization provokes ecological and social losses. It is an open question whether positive or negative consequences of growth predominate.. Without growth there is no capitalism but with growth the risk of finance crashes increases.. Capitalism has to be reformed in such a way that it will be less aggressive and less vulnerable..
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