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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