The Purpose of the Economy - A Pluralism In Economics Conference taking place 14 June - 15 June
Can you imagine your economics professors or politicians questioning the value of economic growth? Reconsider the dominant theories of banking? Philosophize about the fundamental values we perpetuate with our economic activity? No? Well, that’s what we will do at this year’s PINE Conference ‘The Purpose of the Economy’. Let’s call into question the very basis of the economic conduct: What is its purpose, what do we do it for? Should we amend the purpose we are currently following?
At our conference, you will get the chance to come together with fellow students, friends and experts to tackle these and more issues from a pluralistic perspective. It doesn’t matter whether you are studying economics or biology, philosophy or medicine; whether you are a carpenter or academic; whether you are just entering your adult life or getting ready for pension; this is the place for you! No pre-knowledge is required. Nonetheless: Complex issues require complex solutions, and it is up to us to draft and realize them. Join us this June in beautiful Maastricht!
The PINE Conference tackles the question of which purpose the economy serves and which purpose an economy should ideally serve in today’s societies. You can choose from five tracks:
Learn more about the conference, the tracks, the speakers or the schedule by scrolling down! Registrations are closed now, sorry.
The Pluralism in Economics Conference is an annual two-day event organised by the student initiative Pluralism in Economics (PINE) at the University College Maastricht (UCM). With its conferences, PINE wants to offer a platform for discussing the role of pluralism in economics to understand complex socio-economic issues in today’s societies as well as the broader value of pluralist economics education at university-level. Given that the University College Maastricht is located right at the centre of Europe, it provides an ideal location for bringing together motivated students from across Europe who are passionate about pluralist economics education.
In the past years, our conferences have been successful in all imaginable respects and received positive feedback from participants, speakers, track and workshop facilitators, the university, partner organisations and the PINE-team itself. We hosted around a hundred enthusiastic and interested people, who joined us from all around the Netherlands and its surrounding countries to converse under headings such as ‘Capitalism & Democracy’ or ‘Capitalism & Inequality’. The setting, in this as in all previous years, is the building of University College Maastricht, a refurbished old monastery full of character and allure. As we understand it, the conference’s atmosphere is just as important as its content. Accordingly, in order to stimulate a relaxed and fruitful sense of vision and constructive debate, we supplement the scene with fringe events and decorations. Imagine a bright and colourful arrangement including a ‘Market of Inspiration’, a ‘Playground of Ideas’, multiple interaction possibilities, art installations, performances of the faculty’s circus committee, live music and of course an assortment of vegan and vegetarian foods and drinks.
This year’s Pluralism in Economics Conference revolves around the question which purpose the economy serves and which purpose an economy should ideally serve in today’s societies. Traditionally, neoclassical theory defines the discipline of economics as the study of human behaviour under conditions of scarce resources with alternative uses to reach desired ends. While this definition sketches a broad frame of how human actors and material goods relate to each other, it does not take into account the more fundamental question which social ends ought to constitute the basis of an economy. Accordingly, we want to raise the fundamental question: Which purpose should an economy in today’s societies serve?
In order to find answers to this question, participants will be granted the opportunity to choose between five different tracks ranging from the relationship between the state and economy to the role of democracy, distributive justice, growth and happiness within today’s economies. More specifically, guiding questions in defining the purpose of the economy will be: What could be the role of the state in a modern economy? Market vs. Democracy: who should decide on what? Which value does our economy create and how is it distributed? Does economic growth serve the purpose of the economy? And which role does the happiness of citizens play in conceptualising the purpose of the economy?
Answering these questions demands interdisciplinary investigation which the PINE Conference 2019 will contribute to. Aligning with the idea of Pluralism in Economics, we will offer a platform for discussing the purpose that economies should serve in today’s societies from the perspectives of various disciplines, among them different branches of economic thought, politics, sociology and political philosophy. Together with experts and motivated students from various backgrounds, we will conceptualise the purpose of modern economies on theoretical grounds and connect our findings to contemporary case studies such as growing populist tendencies, political apathy, the role of financial crises and citizen’s happiness as well as income- and wealth disparities within today’s societies. Thus, our aim is to connect theory with praxis, experts with motivated students, work with leisure time and to act as a bridge among different disciplinary backgrounds.
In this spirit, the purpose of this year’s Pluralism in Economics Conference is to sketch new narratives and imaginaries for conceptualising an economic system that incorporates variables which are deemed to serve the purpose of an economy and which transcend the limited definition of economics in neoclassical theory. Do you want to be part of this endeavour? Then join the Pluralism in Economics Conference “The Purpose of the Economy” in summer 2019 at the University College Maastricht in the Netherlands!
Participants will be able to follow one of the below tracks.
In this track we will explore the notion of pluralism in economics in some depth. We will look at different kinds of pluralism or dimensions in which it can be achieved. Then we will consider whether these kinds are all equally beneficial and, if so, to what extent. We will focus on the role of pluralism in economics with respect to two aspects: economics as a scientific discipline and decision-making in policy contexts. The track facilitator will be Dr. Melissa Vergara Fernández.
Freedom, Efficiency and Justice are three appealing values we might want our economic system to realise. However, it is not clear what it means to do so, and if they can all be realised at the same time. In this track we will consider how we might operationalise these three values and explore what trade-offs there are between them, as well as how they might be reconciled. The track facilitator will be Prof. Teun Dekker.
Thinking about the role of the state has until recently been an exercise in demonizing the state and politics in general. Welfare states have been under attack, liberties of individuals were highlighted and led to identity politics, lobbies and think tanks use their (intellectual) power to influence and shift public debate as well as public opinion. The corporate world is full of scandals, both in the real world – think about diesel engines – or in the financial world, where national governments were targeted by criminals that took billions from them. Global warming is not addressed by national government in any satisfying way, inequality of incomes and wealth is at maximum levels – it seems that the role of the State must be reinvented if current issues of today must be addressed effectively and without much delay. We will discuss what the State can do in policy fields like the Green New Deal, distribution policy, industrial policy, the Job Guarantee and financial market regulation. The track facilitator is Dr. Dirk Ehnts.
In this track we will focus on the role of economic growth and its entanglements with the purpose(s) of the economy. We trace how economic growth is argued to fulfil certain proclaimed purposes of the economy (such as stability, employment, or well-being), and subsequently investigate why certain scholars – especially ecological economists – demand a move away from economic growth, either meaning a move away from GDP as a welfare indicator, or referring to a radical move away from capitalist modes of production and consumption. We discuss a range of different variants of degrowth and post-growth positions, as well as critiques thereof. In the second half of the workshop we take a closer look at consequences of rejecting economic growth as a measure of societal welfare, and investigate how different models of welfare, which move away from environmentally harmful consumer welfare, might look like. The track facilitator will be Birte Strunk.
Money does not buy happiness, as the saying goes, although many people do not agree. Most people want to own a big house, luxury sports car and lottery. In this track, I will discuss what we know from happiness economics about the relationship between economic growth, income and happiness. Does our wealth explain why the Netherlands is one of the happiest countries in the world? Are rich people happier than poor people? Does economic growth boost happiness and under which conditions? The track (2x 1,5 hours) is organized as follows: 1. Introduction to quality of life and happiness economics 2. Measurement of happiness 3. Correlates of happiness 4. Economic growth, income and happiness 5. Consumption and happiness. The track will be hosted by Dr. Martijn Burger.
We are happy to feature Dr. Dirk Ehnts, Dr. Melissa Vergara Fernández, Prof. Teun Dekker, Birte Strunk, and Dr. Martijn Burger as track facilitators and are fortunate to have Patrick Schreiner, Dr. Dirk Ehnts and Prof. Teun Dekker as speakers.
I am a philosopher of science, specialised in economics. I aspire to establish dialogues between philosophers and economists that can contribute to the reliability of economics as a science. I see economics as a social science. This implies that it contributes to social scientific knowledge but offers a single and limited perspective to this knowledge. I got my PhD at the Erasmus Institute for Philosophy and Economics, at Erasmus University Rotterdam. I am currently a Lecturer at the Faculty of Economics and Business, Department of Economics, Econometrics, and Finance at the University of Groningen. I also teach philosophy of the social sciences at University College Groningen.
Teun J Dekker is Professor of Liberal Arts and Sciences Education at University College Maastricht, where he teaches courses on the intersection of the Social Sciences and the Humanities, including History of Political Thought and Distributive Justice in Contemporary Political Philosophy.
Dr. Dirk Ehnts is an economist, based in Berlin, married, and father of two children. Speaker of the board of Pufendorf-Gesellschaft e. V., organizer of the first European MMT conference and author of "Modern Monetary Theory and European Macroeconomics" and the forthcoming textbook "Money and Banking: New Foundations of Macroeconomics
Birte Strunk studied International Relations, Political Philosophy and Sustainability in Maastricht and London. She then spent a year working as a Junior Teaching Fellow at University College Maastricht, and another year doing internships in educational projects in Germany and Ecuador. She currently studies Socio-Ecological Economics and Policy in Vienna. As a part of the plural economics movement, member of the Post-Growth Economics Network, and research fellow at the ZOE Institute for future-fit economies, she researches issues of socio-economic transformation, especially in relation to concepts of work and the welfare state.
Martijn Burger is Academic Director at the Erasmus Happiness Economics Research Organisation (EHERO) and Associate Professor of Industrial and Regional Economics in the Department of Applied Economics at the Erasmus University Rotterdam. He obtained his Ph.D. in Economics (cum laude) from the Erasmus University Rotterdam. Most of his current research focuses on happiness economics and urban and regional economics, including geography of happiness, location decisions of multinational corporations, and institutional and social conditions for economic development. In addition, he is associate director of the Globalization and World Cities Network (GaWC) Research Network, associate editor of the Journal of Economic and Social Geography and International Journal of Community Wellbeing, and member of the board of the Dutch Regional Science Association and International Society for Quality of Life Studies.
Patrick Schreiner is Unionist and author of the books ‘Unterwerfung als Freiheit: Leben im Neoliberalismus’(“Submission as freedom: life in neoliberalism”) and ‘Warum Menschen sowas mitmachen: Achtzehn Sichtweisen auf das Leben im Neoliberalismus’ (“Why do people take part in it: eighteen perspectives on life in neoliberalism”)
18:00 - 19:00 Walk-In
19:00 - 19:30 Kick-off by PINE Team and Prof. Dr. Teun Dekker
19:30 - 20:30 Lecture by Patrick Schreiner “How does the Neoliberal Economy affect my Life?”
20:30 - 22:00 Get-together, informal discussions and drinks
08:45 - 09:15 Walk-In / Registrations
09:15 - 10:00 Lecture by Prof. Dr. Teun Dekker “The Values of the Economy”
10:00 - 11:00 Lecture by Dr. Dirk Ehnts “The Purpose and Function of Money”
11:00 - 11:30 Coffee & Tea
11:30 - 13:00 Session in Tracks (1)
13:00 - 14:00 Lunch
14:00 - 15:30 Session in Tracks (2)
15:30 - 16:00 Coffee & Cake
16:00 - 17:00 Discussion rounds
17:00 - 17:30 Coffee & Tea
17:30 - 18:30 Final Panel - Prof. Dr. Teun Dekker, Dr. Dirk Ehnts, Dr. Melissa Fenández, and more (tba)