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Economics at the service of society: seminar report available online

On the 22nd and 23rd of November 2018, COFACE Families Europe held a seminar entitled “Economics at the service of society”. The statement “Economics is too important to be left to economists” encapsulated the rationale behind this seminar. Indeed, it would seem that economic considerations and arguments carry more weight than any other when it comes to move the dial in any policy discussion.

The seminar brought together a wide variety of stakeholders, examining “macro”, overarching economic considerations and theories, and the state of the global financial system, coupled with “micro” practical initiatives and actions by local/national organisations helping families to access basic financial services, childcare services and community-based services.

While COFACE-Families Europe’s remit has been focused on concrete measures ensuring that families have access to quality childcare services or basic financial services, it has become clear that the broader economic situation can no longer be ignored, as it plays a central role in determining whether these recommendations are taken on board or not.

The seminar was thus broken down into two parts:

  • The first part, examining the state of play of the current financial and economic system and what policy measures could help in reforming it to better serve the interests of society.
  • The second part, exploring alternative economic and monetary theories, should the current system be unsalvageable in the event of a major crisis in a more or less distant future.

The full report of the seminar is available here.

For more information about the event, please contact Martin Schmalzried: mschmalzried@coface-eu.org