How does the Economy for the Common Good look like?

by Katharina Salomon and Lea Hackl What is the role of business in society? What should be the goal of the economy? On the 5th day of the AEMS ´17, Christian Felber addressed exactly those crucial questions. In the lecture, the political activist and alternative economist gave us an insight into the theory and practice…

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Economic and monetary ethics with Bernd Villhauer

by Sander Vanherle and Thi Hoang Why are questions about money intrinsically ethical? The current economic system is driven primarily according to neoliberal principles, which means that profit is seen as the highest form of validation of success: “If profits are high, you’re clearly doing something right”. But this depends on what you call right…

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Mainstream vs. Heterodox Economics with Wolgang Fellner

by Carla Madueño and Gertrude Asumadu It is evident that there are diverse views as to what Economics is all about and from what has been gathered, there is not a single definition that captures the various dimensions of this discipline. In a nutshell,  it could be defined as the study of human relationship between…

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Economy for the common good with Christian Felber

by Olesya Kopchak and Michaela Vincek On the fifth day of the AEMS Summer School, we heard the lecture from Christian Felber who shared his thoughts on the structure of the economy and the importance of the common good. He stated that we should understand that economics stems from philosophy, as well as take into…

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What’s wrong with conventional Economics? with Sigrid Stagl

by Julia Talk and Alexander Woywode On Friday morning, Sigrid Stagl, professor for Ecological Economics at Wirtschaftsuniversität Wien, touched upon the crucial question of “What’s wrong with conventional economics?”. In her lecture, she gave us some insights into market fundamentalism and ecological economics. She first presented the main ideas and concerns of these approaches and…

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Welcome to AEMS 2017!

Introduction by Florian Carl, Solène Dengler and Julia Talk On Wednesday the 26th of July, we kicked-off the fourth installment of this years 13 days Alternative Economic and Monetary Systems (AEMS) summer school. We have an exciting programme ahead which we would love to share with you. Starting with this blogpost, you will have the…

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