Over the past century, the capitalist model of the free market economy has demonstrated to be an effective vehicle to create wealth. However, in today’s globalized world, the downsides of this model are starting to become more and more obvious; ecological decay, increasing inequality worldwide, so-called financialization, short-term thinking… The credit crisis of 2008 and, more recently, the corona-crisis, have further exposed these issues.
In order to create an innovative, inclusive and sustainable market economy for generations to come, we need new values, new structures and new practices. We need to connect existing innovative ideas with newly formulated ones and put theory into practice.
How can the freedom and innovative potential of free markets be squared with the requirements of ecological sustainability, social justice & inclusiveness?
That is the question that the Future Markets Consultation will investigate in the fall of 2020. As part of the consultation, an essay contest for students and young scholars will be organized. Deadline to submit an essay is 30 November 2020.