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New Economics Institute

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Areas of expertise & Fields of activity:	Economic and Social: Economics and Finance Education Media Sustainable Development Values Sustainable Development: Consumption and production patterns Education Indicators
Geographic scope:	National
Country of activity:	United States of America
Mission statement:	A Briefing on the New Economics Institute Purpose The purpose of the New Economics Institute is to develop, research, and lead in a US context, the implementation of systemic solutions to a series of systemic problems that now face humanity. These include: · The sustainability, climate and dwindling resources crisis. · The equality crisis, here and around the world, in income, assets, access, and democracy. · The financial risk crisis, with a system that is neither efficient nor resilient. · The well-being crisis, in which rising income is not translating into rising happiness. Many and various solutions to these crises are emerging, but the solutions are often not systemic, nor are the systemic problems widely understood as such, certainly not by policy-makers. Nor are the solutions being pulled together into a compelling and coherent narrative. The task of the New Economics Institute is to provide this narrative, as well as the missing intellectual support for major system change – to collect and link together the solutions that are emerging, and to research and develop solutions where they are not. To achieve the political and economic will to implement major systematic change will require a cultural shift in public opinion. The work ahead for the New Economics Institute is to provide the feasible solutions and effective communications that the vanguard requires to make this shift possible. The New Economics Institute (NEI) is not a new organization, but a transition of the E. F. Schumacher Society, building on its thirty year history by emerging in 2010 with an expanded board of directors and expanded mission to respond to the critical need for a US voice for a New Economics. NEI works closely with the New Economics Foundation (nef) of London to bring its expertise, techniques and experience to the solution of systemic problems. Distinctive role The idea of a new economics – that is, new ways of organizing and understanding the economy which puts people and planet first – is now in the zeitgeist. Other organisations are emerging to play critical roles in its development. NEI is set to play an essential intellectual role in the shift in the US, as nef has been doing in Europe. What NEI brings together includes: Economics expertise – in a context of humane sustainability. We are an economics think-tank, not a political lobby group. We can bring to the debate the economic expertise to link the world of activists with the world of mainstream business. The board includes outstanding economists who will ensure the intellectual cutting edge to this endeavor. Proven model. Alongside the 30-year history of the E F Schumacher Society, we are introducing many of the successful programs of the New Economics Foundation, with its combination of innovative language, dramatic communications and cutting edge economics. There will be differences in the US context, but we believe that – by partnering with other experienced US organizations where appropriate – successful programs can be translated. Communications. Communication is central to NEI’s work, in framing the new narrative, and translating what can be dauntingly difficult concepts into everyday concerns and viral stories, again learning from the model pioneered in the UK. Transatlantic link. The transatlantic link will be a conduit for a range of ideas that are still little known in the USA, including the economics of well-being, and new economic indicators of success. It also means we can operate, and communicate, on both sides of the Atlantic simultaneously.
Year established:	1980
Year of registration:	1980
Organizational structure:	The organization is composed of an executive director, 3 staff members, and a rolling team of 4 interns. The executive director reports to a board of directors, and seeks advice from a board of advisors. The board of directors consists of: Dr N Goodwin, Dr R Noorgard, Dr P Viktor, Dr G Alperovitz, Dr G Speth, T. Wirth, D.Levinson, J. Brackmann, H.Hannun, E. Harris-Braun, Dr D.Orr, W. Raap, S. Wallis
Number and type of members:	The New Economics Institute has 13,000 members, subscribers to our mailing lists, and donors.
Affiliation with NGO networks:	We work in partnership with the new economics foundation (UK), the Green Economy Coalition (UK), Stakeholder Forum (UK)
Funding structure:	Donations and grants from domestic sources

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