“As the policy failures of recent decades have shown, navigating the intersection of economic theory and practice is never easy, especially when powerful and wealthy interests are involved. The task for economists, then, is to debate not just economics but political economy, and their own place in it.” A review of four recent books
“What is the political, philosophic, and economic system known as socialism? […] In seeking to make the case for socialism—and to understand impediments to a world governed by people’s needs rather than corporate profits—thinkers in the socialist tradition have grappled with topics as varied as colonialism, gender, race, art, sex, psychology, economics, medicine, ecology, and countless other issues. As such, this Reading List makes no claim of being exhaustive; rather, it seeks to achieve two modest goals: to acquaint readers with a handful of key socialist preoccupations, and to demonstrate how the core concepts of socialist thought have been articulated at different historical moments and taken up by women and people of color.”
In this viewpoint for the Future Markets Consultation, submitted by Italian civil servant Marco Senatore, a proposal is made to create a non-monetary market for moral, organisational and cultural values, that would contribute to a deep renewal of economics and foster a deeper sense of community.
The recording of our live cast on whether a different market economy can work in practice (16 November) with economist Luigi Zingales and economic refomer Christian Felber is now available. The interview with Zingales and the interview with Felber, part of the episode, are also available as separate videos.
Every episode of the online dialogues between visionary economists, organized as part of the Consultation, starts off with a personal reflection by one of the members of the Consultation’s Think Tank of Young Economists. This is the reflection of Eefje de Gelder at the start of the dialogue ‘Can a Different Market Economy Work in Practice?‘ (16 November).
“During the COVID-19 pandemic, shopping, entertainment, and communication have moved online, and tech firms’ share prices have soared. In the latest installment of CoronaNomics, PS contributor J. Bradford DeLong and NYU professor Scott Galloway join The Independent’s Ben Chu and The Telegraph’s Lizzy Burden to discuss whether we are entering an era of higher productivity, or one of surveillance capitalism, monopoly power, and spiraling inequality.”
Can A Different Market Economy Work in Practice? Tonight in Dialogue: Christian Felber & Luigi Zingales
Our guests in today’s online dialogue of the Future Markets Consultation are Christian Felber and Luigi Zingales. Felber is among others the founder of Economy for the Common Good, a social movement advocating an alternative economic model. Zingales co-developed the Financial Trust Index, designed to monitor the level of trust that Americans have toward their financial system and is critical of monopolies dominating today’s economy. Topic of discussion – you are cordially invited to join at 18.30 CET – is whether a different market economy can work in practice.
Every episode of the online dialogues between visionary economists, organized as part of the Consultation, starts off with a personal reflection by one of the members of the Consultation’s Think Tank of Young Economists. This is the reflection of Sam de Muijnck at the start of the dialogue ‘The New Corporate Power Concentrations‘ (9 November).
This viewpoint is a call to let a parallel economy come into existence that empowers people and connects companies with a commitment sustainability (including social sustainability). An economy where money is only a means, not an end in itself. A parallel economy that is provided with the necessary financial resources through cooperative finance, with the aim of a powerful acceleration of the sustainable transition. A viewpoint submitted to the Future Markets Consultation by Dutch NGO United Economy.
The Future Markets Consultation invites master students and young scholars to submit their ideas on a sustainable and just market economy for Europe in the shape of an essay. A prize is available in three categories: (1) bachelor students, (2) master & PhD students and (3) young scholars until 35 years. A selection of the best essays will be published on both the consultation website and on the Moral Markets portal. Deadline for submission is 3 January 2020.
“Google was founded with the corporate motto: ‘Don’t be evil.’ Now that phrase serves as the title of a new book that explores how Big Tech has strayed from its original path and exploited its users in the process. Rana Foroohar, author of Don’t Be Evil: How Big Tech Betrayed Its Founding Principles – and All of Us, joined CBSN to discuss the industry’s powerful impact on society.” This upcoming Monday Foroohar is one of the guests in next online dialogue of the Future Markets Consultation, this time on the topic of the new corporate power concentrations.
Every episode of the online dialogues between visionary economists, organized as part of the Consultation, starts off with a personal reflection by one of the members of the Consultation’s Think Tank of Young Economists. This is the reflection of Elisa Terragno Bogliaccini at the start of the dialogue ‘How Can Markets Be Reconciled with Ecology?‘ (2 November).
“Economist Ann Pettifor outlines her take on the need to press for structural change within the financial and economic systems to tackle the climate crisis, rather than allowing the responsibility to be piled on to individuals and their communities“; fragment from an RSA event in December 2019. Upcoming Monday Pettifor is one of our guests in the next online dialogue of the Future Markets Consultation, this time on the topic of reconciling markets and ecology.