Michael H. Shuman
Michael H. Shuman is an economist, attorney, author, entrepreneur, and a globally recognized expert on community economics. He has authored or coauthored eight books, including Local Dollars, Local Sense: How to Move Your Money from Wall Street to Main Street and Achieve Real Prosperity.
June 21 – World Localization Day
Ever since 2020, a global organization called Local Futures has been organizing events in dozens of countries on June 21, when the planet’s northern hemisphere enters the summer solstice. There are films, webinars, and local events happening everywhere around the globe. And it’s a moment when all of us who feel isolated in our localist…
Adopt a Local Business
Many of us show our compassion and generosity through acts of adoption. Adopt a tree, adopt a baby giraffe, adopt a schoolchild, etc. For the last two weeks, my partner Audrey and I adopted a lovely four-legged pooch named Annie. Her “person,” a close friend, had to travel to Western Massachusetts to be with her dying mother. I’m not exactly a dog person –…
Comparative resilience: 8 principles for post-Covid reconstruction
This past weekend, a bright Georgetown undergraduate asked me how I squared my passion for localization with the theory of comparative advantage. For economics newbies, he was referring to David Ricardo’s argument that every community should find one product to specialize in and trade for everything else. I gave my usual response that the theory…