Peter Pogany

Bio

Extracts from Adam Topolansky's obituary in Hungary Today

"Born in Budapest, Hungary [...] his brilliance was manifested in his writings and studies that he completed as an international economist at the U.S. Government in Washington, D.C. He was a member of the International Gebser Society and The Alliance Francaise of Charlottesville. As an Adjunct Professor at George Washington University, Mr. Pogany taught International Economics. He was the author of two major books; “Rethinking the World” and the soon to be published, “Twenty-first Century, Thy Name is Havoc”.

According to PP’s theory, human history created three major global systems: global system 1 (GS1), global system 2 (GS2) and global system 3 (GS3). Modern history has recorded two distinct global systems thus far: “laissez faire/metal money,” which spanned most of the 19th century and lasted until the outbreak of World War I, and “mixed economy/weak multilateralism,” which began after 1945 and exists today. [...] This era is characterized by maximizing profit and pushing for the elimination of trade barriers, regional integration, multinational business ventures, as well as the promotion of prosperity and cross-border development. However, PP adds that we still have another step to complete. This new higher step, the GS3 period will be filled with the renewed importance of culture and socio-cultural thinking, which requires a higher level of commitment by humanity. PP reiterated that reaching this next step is a challenge similar to when the homo erectus began to walk on two legs instead of four. It will require a lot of effort, coordination and discipline.

The new global system will have to be based on ecology, sustainable development, environmental consciousness and the re-emphasizing of the importance of the nation state."