Tag Archives: economics

The Linux approach to human and ecosystem well-being

Our democracies have bugs, lack user-friendly features and under-perform. Above all, they are in need of major upgrades. Political and economic systems are failing us because they are structured vertically through top-down hierarchies. Instead we need to adopt a new economic system, driven by principles related to “act local, think global" philosophy. In this stimulating opinion piece, Lorenzo Fioramonti, director of the Centre for the Study of Governance Innovation, in South Africa, shares his vision about creating a highly integrated horizontal economic system. Read more [...]

The role of science in fostering a common good economy

As the forum of social and solidarity economy leaders, dubbed Rencontres du Mont-Blanc, is about to take place between 26 and 28 November 2015, in Chamonix, France, its president, Thierry Jeantet, calls for more scientists to be involved in the social and solidarity economy sector to try and find a virtuous path for growth, hinging on research and innovation. Read more [...]

Science dilemma: between public trust and social relevance

The positive perception of the public towards science is dictated by its altruistic pursuit of the common good—unlike politics and economics. However, to demonstrate its societal utility, science must point to compliance with expectations from economy and politics. Mastering the interplay between science, politics and economics is a delicate balancing act. And it is one of the major challenges in the way science portrays itself to the public. Particularly in the context where science has increasingly tied this self-representation to economic performance and made its complex processes appear trivial to garner public acceptance. Read more [...]

Economic models: ever evolving target for adequate policy making

The inability to predict the financial crisis has raised a debate on an important toolkit of economists: economic models. How reliable and useful are they? To what extent can policy makers rely on model analyses in forming policies? And to what extent, can they be used, for example, for science policy to ensure most effective allocation of limited funding resources? Read more [...]

When economist lead the R&D dance

Recently, national governments in several European countries have merged their ministry for science and research, with the portfolio of economic affairs. This is true, at least for the moment, in the UK, in Spain, and in Austria. So far, these three countries stand out as an exception in the European map. Does this mean that research has been reduced down to being the object of mere economic considerations? Read more [...]