Future Markets Consultation

Towards a New Market Economy in Europe for Future Generations

Livecasts with renowned economists, an essay contest & more

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Participate & Contribute; The Future of Capitalism Concerns Us All

“Major signs of a new era! At the same time, the question remains how strong this wave of financial and economic innovation is. And where can a different kind of economy really take shape? In the US, the strong but wing-limp country beyond the ocean for many years? In China, where individual freedom is the key to every budget? This is where Europe comes into play, next to the US the largest economy in the world.”

Not Purpose, But Context and Communities First

Why is big business devoid of ‘purpose’? I would say it is because they tend to be disconnected from meaningful contexts; they are places of nowhere; they are system-oriented instead of relations-oriented; they are disembedded. Injecting abstract principles of purpose will not suddenly turn this around. If we want business to contribute to a better society and the greater good, I would like to suggest two lines of action.

“Systems Are Not Changed Mysteriously; They Are Transformed When There Is a Fundamental Change in Ourselves” – J. Krishnamurti

Every episode of the online dialogues between visionary economists, organized as part of the Future Markets 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 by Jim Surie at the start of the dialogue on ‘Economics for Change’ (14 September).

We Must Rethink the Purpose of the Corporation

“The business corporation is among the most remarkable of all human innovations. Corporations are warring armies battling for supremacy in markets. The resulting symbiosis between command and competition has proved very fruitful. The unprecedented economic development seen since the middle of the 19th century would have been impossible without the resources and organisational capacities of that great invention — the limited liability joint-stock company. Yet, as Colin Mayer of Oxford university’s Saïd Business School argues in a remarkable and radical new book, Prosperity, all is not well with the corporation.”

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