Future Markets Consultation

Towards a New Market Economy in Europe for Future Generations

Livecasts with renowed economists, an essay contest & more

Articles & Blogs on Economics as a Science

Hand-picked for you from around the web + original content published just on the Moral Markets site

Economics for Change – Livecast 14 Sept 6:30 PM CET

In this kick-off of a series of online dialogues with visionary economists we explore how economics is at the basis of incremental systematic change. How do the global financial and economic system, climate change, human consciousness and social security relate to one another? How do these systems interact and most importantly, how can we – without discarding capitalism in its entirety – transform them?

Towards an Innovative, Inclusive and Sustainable Market Economy in Europe – Starter Paper Future Markets Consultation

If we are looking for a place where the new perspectives on an economy geared toward sustainable human flourishing, an ‘economy for the common good’ can be embodied, Europe, as the continent in which the search for such an economy has always been on the agenda, seems to be the most likely candidate.

This is the starter paper for the Future Markets Consultation, which will run into the fall of 2020. The goal is to develop a new economic vision for Europe, enabling human flourishing for all in an ecologically sustainable way. You are cordially invited to participate!

Why Do Economists Have Trouble Understanding Racialized Inequalities?

“The economics profession has long been criticized for often ignoring the structural basis of racism or, in general, any form of identity-based discrimination. Is there something about the way economics is taught that makes it difficult for economists to identify and address structural racism? A survey of around 500 economists that we ran earlier this year would suggest so.”

Economists versus Epidemiologists

“This Paul Krugman column helped crystallize the weirdness of the ongoing economists versus epidemiologists spat, perhaps more accurately described as the ‘some economists, especially those with libertarian politics, versus epidemiologists spat.’ Different theories, in turn below the fold. […] (1) The theory that economists actually are superior […] (2) The theory that economists’ superiority is a sociological construct that economists desire to maintain. […] (3) The theory that economists and epidemiologists have different motivations or values. […] (4) The theory that epidemiology challenges the basic ideological presuppositions of (some) economists. This is what Paul’s column points toward”

Post-COVID Economics: Toward a Paradigm of Social Collaboration

“Unlike the economic crises of the past, ours is one predicated on trying to slow the spread of a virus — a goal that involved curtailing consumer spending on purpose, whether through individuals staying home or more institutional efforts to constrain ‘non-essential’ corners of the economy. Yet in terms of economic policy, the government’s response looks just as it did in the 2008 financial crisis, focused mostly on top-down tweaking and arbitrary juicing, while ignoring the range of bottom-up factors at play. As economist Arnold Kling explains at National Affairs, this growing disconnect only illuminates the need for a more general reckoning with how we think about the modern economy.”

Coronavirus Recovery – The New Economic Thinking We Need

“based on the experience of the past decade, it’s hard to say that economic crises are truly abnormal. Heterodox economics, an approach to economics that I belong to, says economic crises are an inherent feature of capitalism. […] More government spending on public investment projects and public services, as well as greater oversight of how market activity influences society, must be the focus going forward.”

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