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New Economic Theory

New Economic Theory (NET): A multidisciplinary group from the World Academy of Art & Science and the Club of Rome are leading a quest for a new human-centered theory of economics, with specific attention to issues of sustainability and the SDGs, as well as addressing inequality. Changing the economic policies and behaviours that are generating high levels of unemployment, widening inequality and bankrupting Nature is not possible without first changing the erroneous economic concepts and theories on which the world economy is currently functioning. A change in thinking can lead to a radical change in action. This is the rationale for the project on NET initiated by the World Academy of Art & Science and World University Consortium in collaboration with more than a dozen leading institutions for the constitution of the NET Working Group.

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Credit: Unless otherwise noted, all materials are by courtesy of BRIDGES coalition partners and link individually to their full credits.

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Can humans overcome their differences to face the challenges of the Anthropocene?

Environmental anthropologist Gísli Pálsson unpacks some knotty assumptions that need to be worked out if the international community is to manage a coherent response to the challenges of the Anthropocene. One of these is the problematic notion of human unity — the “we” too often casually assumed — in light of the diversity of geographical, cultural, political and socio-economic differences in human groups and societies around the globe. Another is the notion of science, which he asserts is already losing the capital “S” in response to a growing need to unite disciplines and varieties of knowledge represented by social sciences, literary scholarship, and the humanities in the broadest sense, as well as other communities not part of the academic establishment of specialists. Such refinements in our thinking and assumptions may need to be embraced, he suggests, if we are to come to terms with the new challenges facing humanities and the planet in the Anthropocene.

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