Topic
Economy
Commentary
Finland’s intellectual and policy landscape remains dominated by neoliberalism, with limited space for alternative economic thinking. While few independent new economic actors exist, institutions like universities, labour unions, and political parties are home to new economic thinkers. Despite resistance, shifts in public discourse, such as debates around Finland’s budgetary frame, suggest opportunities for change and the growth of alternative economic narratives.
Greece’s history of societal unrest fuels anti-neoliberal sentiments, but new economic thinking remains fragmented. Activism and grassroots movements thrive, yet they lack institutional backing. While heterodox economists like Yanis Varoufakis have influence, deeper collaboration is hindered by ideological divides. Opportunities lie in sustainability efforts, particularly in energy communities, which challenge traditional capitalist structures.
France’s new economic thinking is small, fragmented, and largely issue-oriented, with a focus on social justice and environmental issues. The field is supported by academic networks, cooperatives, and NGOs, but systemic transformation is limited by a lack of cross-sectoral funding and institutional support. Despite influential thinkers like Thomas Piketty, heterodox economics remains weak in academia and policymaking, hindering broader economic change. However, there is growing interest among students and the public in alternative economic models that address ecological crises.
Finland is developing a wellbeing economy governance model to complement traditional economic goals, focusing on citizens’ wellbeing. Challenges include overcoming siloed government structures, balancing economic and wellbeing priorities, and clearly defining wellbeing. These insights aim to inform global efforts, promoting cross-sector collaboration and a more people-centric approach to policymaking.
The European Union’s focus on digitalization Digitalization, continuously in progress, transforms the very fundamental structures of our economies and societies. On September 15, 2021, the European Commission published its State of the Union and, along with it, a Path to the Digital Decade. The EU wants “to be digitally…
Publications
The policy brief provides a roadmap for the EU to reform its economic policies and leverage digitalisation for a regenerative digital economy, ensuring the just allocation of digital goods and the equitable distribution of their benefits.
Over the last few years, the transition to a sustainable future has increasingly started to determine the direction of society and the economy — most notably through investments in new technologies and real capital. However, how can we make these investments matter if we lack the skills to utilise and develop them?
In this publication, we suggest that the premises of our economies are in flux, requiring the state to take on a new role in governing the economy: the role of the orchestrator. An orchestrating state conducts its economic policy by closely working with its key stakeholders to achieve explicitly and democratically defined goals.
Projects
Even though economic instruments for sustainability purposes have long been implemented in the national policies across the Nordics, their effectiveness remains understudied. This project evaluates the effectiveness of environmental taxes and charges in shifting behaviours of consumers and producers towards a more sustainable direction in the Nordic countries.
Despite being an established indicator of economic growth, GDP is debated to overlook the true essence of citizens’ quality of life and overall wellbeing. This project aims to improve knowledge on indicators beyond GDP, alternative and more sustainable policy options, and scenarios for a sustainable future.
As technological breakthroughs can play a critical role in addressing societal challenges, research & innovation (R&I) policy needs to shift the focus from merely appreciating the inherent value of technology development to exploring how they can be harnessed for achieving key societal goals. This project aims to produce a knowledge base to ensure Finland’s R&I policy is strategically impactful while remaining supportive of emerging technologies.
People
Sahib Singh
Sahib spends his time at Demos Helsinki’s preoccupied by just democratic futures and global governance. At the moment he won’t stop nattering about the need to think systemically and critically about democratic innovations, the political economy of global governance institutions and modes of effective alliance building. At his best, Sahib’s…
Anna Mäkituomas
Anna believes in the power of narratives in shaping organizations and societies. She has a master’s degree in theology with a specialization in philosophy and is now working on a bachelor’s degree in technology and information networks at Aalto University. Theology taught her empathy in the face of deep disagreements,…
Theo Cox
Theo is our first port of call for all things heterodox economics and political economy, although, when pressed, he’ll quietly admit to an education as a more traditional economist. In recent years, he’s developed particular expertise around global polycrisis and what this means for systemic transformation; in an organisation fighting…
Anna Björk
Anna is a political scientist whose academic love affairs include research on political concepts, societal impacts of emerging technologies, and temporality. Her current and upcoming research analyses societal transformations from the perspectives of the EU digital policy, contemporary social contracts, and inclusivity. Alongside doing research, Anna is also working closely…
Otso Sillanaukee
Otso aims to ensure that Demos Helsinki is focusing on the right questions related to people and organisations’ agency in building a fair, sustainable, and joyful next era. His accountabilities include identifying impact opportunities, ensuring projects run smoothly towards their goals, and supporting the team’s wellbeing and motivation to tackle…
Julia Jousilahti
Julia is a social scientist working in Demos Helsinki’s Emancipatory Economy team. As the economy is a man-made system and not a force of nature, Julia is convinced we can build a better economic system – one that admits the fundamental interconnectedness with nature and guarantees the basic assets of…
Johannes Nuutinen
Leading societal transformations is no easy task that we have chosen here at Demos Helsinki. It requires constant strategic planning and new initiatives. Luckily, Johannes brings clarity to all the ambiguity surrounding half-drawn visions of impact. This means finding the relevant concrete steps to implement new forms of collaboration or…
Oona Frilander
Oona Frilander (M.Econ.) is a senior consultant at Demos Helsinki. She works to understand long-term societal change and rapid transformation of private, public and third sector organizations’ operational environments. Her expertise lies in strategic foresight and cross-sectoral partnerships for solving societal challenges. Oona is also is a lecturer through the…
Roope Mokka
Roope is all about the future. For many the future seems scary, but where some see problems Roope sees solutions. He has an exceptional mindset to see the pathway for societal transformation. He gathers impactful alliances through various fields to work together with a shared goal. Whether it is learning…
Themes
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New economic thinking in the UK — A curious paradox
January 11, 2022
While the UK has long been a stronghold of neoliberal economics, it has also become a hub for new economic thinking. Despite emerging collaborations among actors, challenges remain due to limited resources and differing priorities. However, with growing connections and efforts to overcome these tensions, systemic economic transformation is gaining momentum.