Sustainability Transition

The lecture was delivered by Prof. Armon Rezai who took us through the topic of climate policy and carbon-based assets from a finance perspective. In his opening remarks, they mentioned that in the June of 2015, the United Kingdom pledged to reduce carbon emissions to a net 0% by 2050, which was followed by France…

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Sovereign money – one of many alternatives to the current financial system

In the current financial system, the paradigm of “free” financial markets created an environment lacking a global supervisory authority, thereby fostering unlimited possibilities to grow for banks, free movement of capital, increased inequality as well as opportunities for private money being created ex nihilo (out of nothing). In contrast, Christian Felber proposed an alternative paradigm…

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Climate change needs to be addressed by each of us. Now.

On a sunny summer day that seems to be way too hot for Vienna, in one of the rooms of a stunningly romantic palace formerly deployed by the Habsburg family as a countryside residence, one of the co-authors of the IPCC reports (Second, Third, Fourth, and Fifth Assessment Reports), Arnulf Grübler, addresses an audience full…

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Money & Moral

Dr Bernd Villhauer focuses on questions about economics & ethics. In their lecture they discussed the relationship between freedom (quantitative – the amount of freedom that we could have and qualitative – the quality of the freedom that we have ) and the economy. They encouraged us to think about the new normal on human…

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From Impossible to Possible

The lecture given by Daniel Hausknost on Friday, July 26, 2019, was titled Systemic Change. This stimulating lecture educated us on how our institutions and politics have coevolved but furthermore the natural world coexists with our institutions , which suggests that nature is a prominent part of our economy. In the first part of the…

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Money and Values

The lecture by Dr. Bernd Villhauer, Money and Moral, provided unconventional conversations and an overview of philosophical, cultural and religious thoughts on how humanity can shape economy. They managed to portray their ideas in a concise manner and illustrated them through visual references. Finally, they recommended further literature, like Money by Christian Felber and The…

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Science with little proving evidence?

Richard Werner started their lecture with anomalies that monetary economics and macroeconomics live with and looked at the link between “money” and “economy”. Although lay people would connect the economy with money and banks, neo-classical and other orthodox economics do not cover these topics. The relationship of quantitative theory  MV=PY between money (M), the velocity…

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We learned a lot and did nothing: a reflection on the Panel Discussion «11 years after the crisis: What are the solutions now?»

From my perspective the most popular question to ask an economist today is: «Why didn’t you prevent the crisis?». It is easy to define the probability of events after they have actually happened and judge scientists for not being able to solve all the problems of humankind. And, while this particular question is (in itself)…

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Can we trust our financial institutions?

What are financial institutions? What is speculation and what are its consequences? What is wrong with banks? What are the World Bank and the International Monetary Fund and how do they work? Can we make financial business more sustainable?  These and other questions that were addressed in the lectures held by Peter Wahl and Kurt…

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