Think further >> Visions for the economy
As academics, economists normally deal with the question: how should we study the economy? This assumes that we do not try to shape or control the economy, only to understand it. When working as scientists, this is a fitting point of departure. However, this is not because the economy is a completely autonomous phenomenon, which we mere mortals cannot influence. It is certainly possible to shape (parts of) the economy.
We believe that as economists, we should go beyond doing the work of scientists, and do the work of engineers, designers or dentists, as Keynes famously put it. If we refuse to 'get our hands dirty' in proposing how to structure parts of the economy, others will do it for us, generally on the basis of highly simplified notions of how the world works.
So here are some first suggestions, for inspiration. Kate Raworth's work shows how to reframe the economy (she feels we, as economists, should see ourselves as gardeners). The Mises Institute teaches about market economies, private property and sound money. Stir Magazine provides models of organisation. Schumacher College teaches skills and knowledge for an economic transition, and Christian Felber provides frameworks for government, companies and citizen action. Bruno Roche and Jay Jakub argue that the shareholder theory should be replaced by the economics of mutuality.