Grants / Projects we are funding

Rethinking Economics – Core funding

Grant details

Amount:£200,000

Awarded on:01/04/2019

Duration:24 months

Status:Live

Area of interest

Systems change

Themes covered

Neoliberalism

How can the way we run our economy change if all of those who enter positions of influence capable of changing it have been taught in the same narrow way about how the economy works? To really change the system we need to focus on education within its roots, and consider that the change could come bottom up as well as top down.

What is the issue?

Our economic system is not working for the vast majority of people. The main barrier to economic systems change is the entrenched nature of our ‘economic common sense’. This is a set of ideas and assumptions as to how economics works. The dominant theory of economics has its roots in the classroom. Economics students in their tens of thousands enter university each year and are taught one theory of economics as if it is fact, and undergraduate economics education matters for how society at large thinks about the economy. They are the people who create our ‘economic common sense’. It is this which enabled politicians to push through the economic policies which create the multiple crises we are experiencing.

What will the project try to achieve?

The organisation’s purpose is to build a diverse movement of people who challenge and renew the practice, teaching and application of economics in order to create economic systems which serve people and planet. This is done through three campaign goals. 1) Supporting students to campaign to reform university economics education. 2) Diversifying the people who study and practice economics. 3) creating an international community of ‘rethinkers’.

Who might be interested in this project?

Economic students, practising economists (heterodox and orthodox), academics, campaigns and organisations in the ‘new economy’ movement,  environmentalists, diversity and inclusion campaigns and organisations.