Future Markets Consultation
Towards a New Market Economy in Europe for Future Generations
the ethics of economics & business?
Part of the Future Markets Consultation is a series of public online dialogues in the fall of 2020 with visionary economists who in recent years have written books or have otherwise been involved in ‘rethinking capitalism’ or ‘rethinking economics’; What are their ideas about the market economy of the future & the future of capitalism in Europe?
On this page we will collect the full recordings of these sessions.
In this kick-off 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? With economists Irene van Staveren and Arnoud Boot.
In this dialogue we explore what the big challenges are for the long term future of the market economy / European market economies. What are the key problems with today’s capitalism and what is needed for a change toward a new form of capitalism/market economies, that are both humanly and ecologically sustainable? Is there a possibility for a distinct European model of capitalism, that can meet these demands? With economist Joseph Stiglitz and European politician Herman Van Rompuy.
As we are pondering whether Europe can develop its own type of market economy, a crucial question is what the role of businesses will be. And subsequently, what type of market order is needed to allow businesses that want to be a force for good to function properly. How can they be stimulated while other types of business may be discouraged? Or is it all up to the morally inspired entrepreneurs themselves? With economist Rebecca Henderson and management scholar Colin Mayer.
More and more the realisation that markets are not self-contained systems but need other social spheres to function well, has sunk in. Such spheres can be found in the government, but also in civil society and local, national or global communities. The risk is that markets undermine or invade either the state or the community-spheres. Why is a balance needed and how can this be achieved? What does it require from the various spheres, as ‘pillars’ of a good market society? With Paul Collier and Raghuram Rajan.
Employment is in transition; the platform economy has enforced more independent entrepreneurship and flexible contracts than we have ever seen. Income inequality is growing as taxation systems reward those with capital, resulting in a loop of the rich getting richer and the poor remaining poor. Simultaneously, housing markets are increasingly under pressure. Subsidised housing seems to no longer suffice in ensuring affordable housing for everyone. How to overcome the insecurities for people that come along with these developments? How can contemporary capitalism ensure happy workers and thriving communities? With sociologist Isabelle Ferreras & economist Josh Ryan-Collins.
Inequality between countries has become smaller over time, but within-country inequality is on the rise. Many fear that societal uprisings and further polarisation will be the result. Increased inequality is also allegedly related to the rise of populist movements. How will increasing inequality affect our societies? What role have free markets and technological innovation played? Can, and should we turn the tide? And who is the ‘we’ in that? With philosopher Elisabeth Anderson and economist François Bourguignon.
Organized in collaboration with: