The New Economy Coalition (NEC) is an American nonprofit organization based in Boston, Massachusetts, formerly known as the New Economics Institute. It is a network of over 200 organizations based in the US and Canada working for "a future where people, communities, and ecosystems thrive...where capital (wealth and the means of creating it) is a tool of the people, not the other way around." as part of what it describes as the New Economy movement.

History

New Economics Institute

Shortly after the start of the financial crisis in 2008, leaders from both '' New Economics Foundation'' (NEF) and the E. F. Schumacher Society recognized the need for an organization that could help bring systemic economic alternatives into the mainstream in North America. They collaborated to create a new organization called the New Economics Institute.

New Economics Network

The New Economics Network was created by Sarah Stranahan in 2009 as a loose network of about two hundred organizations working for the

new economy The New Economy refers to the ongoing development of the American economic system. It evolved from the notions of the classical economy via the transition from a manufacturing-based economy to a service-based economy, and has been driven by ...

. In a lecture for the

National Council for Science and the Environment The National Council for Science and the Environment (NCSE) is a U.S.-based nonpartisan, non-profit organization which has a mission to improve the scientific basis of environmental A biophysical environment is a biotic and abiotic surrounding ...

Gus Speth James Gustave (Gus) Speth (born March 4, 1942) is an American environmental lawyer and advocate who co-founded the Natural Resources Defense Council. Early life and education He was born in Orangeburg, South Carolina in 1942. He graduated su ...

said the organisation wanted to create a sustainable and caring economy.

Rename and merger

In March 2012, Bob Massie became the president of the New Economics Institute. In 2013, the New Economics Institute merged with the New Economy Network and became the New Economy Coalition. Also in that year, Dave Pruett writing for the

Huffington Post ''HuffPost'' (formerly ''The Huffington Post'' until 2017 and sometimes abbreviated ''HuffPo'') is an American progressive news website, with localized and international editions. The site offers news, satire, blogs, and original content, and ...

described the organization as one of two ''"leading the way toward economic viability"''. Massie stepped down from being the coalition's president in October 2014. Farhad Ebrahimi served as intern director until May 2015 when Jonathan Rosenthal, a co-founder of the worker cooperative

Equal Exchange Equal Exchange is a for-profit, Fairtrade certification, Fairtrade Worker cooperative, worker-owned cooperative headquartered in West Bridgewater, Massachusetts. Equal Exchange distributes Organic food, organic, gourmet coffee, tea, sugar, banan ...

was hired by a board and staff committee.

Policy

New Economy movement

The New Economy movement is often referred to as just 'new economy'. Proponents of the theory claim that it is based on the assumption that people and the planet should come first, and that it is human well-being, not economic growth, which should be prioritized. It draws on an aggregate of alternative economic thought that challenges the fundamental assumptions of mainstream neoclassical and

Keynesian economics Keynesian economics ( ; sometimes Keynesianism, named after British economist John Maynard Keynes) are the various macroeconomic theories and models of how aggregate demand (total spending in the economy) strongly influences economic output an ...

. Some of the approaches it includes are: ecological economics, solidarity economy, commons,

degrowth Degrowth (french: décroissance) is a term used for both a political, economic, and social movement as well as a set of theories that critique the paradigm of economic growth. It can be described as an extensive framework that is based on crit ...

regenerative design Regenerative design is a process-oriented whole systems approach to design. The term "regenerative" describes processes that restore, renew or revitalize their own sources of energy and materials. Regenerative design uses whole systems thinking ...

systems thinking Systems thinking is a way of making sense of the complexity of the world by looking at it in terms of wholes and relationships rather than by splitting it down into its parts. It has been used as a way of exploring and developing effective actio ...

and

Buddhist economics Buddhist economics is a spiritual and philosophical approach to the study of economics. It examines the psychology of the human mind and the emotions that direct economic activity, in particular concepts such as anxiety, aspirations and self-ac ...

. Gar Alperovitz described the New Economy movement as ''“... a far-ranging coming together of organizations, projects, activists, theorists and ordinary citizens committed to rebuilding the American political-economic system from the ground up."'' In 2009, Sarah van Gelder wrote, ''“The new economy is about increasing quality of life, improving health, and restoring the environment."''

Focus

The NEC focuses on issues in the United States and Canada and organizes there, although it does work in partnership with similar networks around the world. Writing for ''

The Guardian ''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Gu ...

'' Jo Confino noted the NEC's approach of getting organizations to work together that share common aims if not strategies.

Work

New economy movement advocacy

The New Economy Coalition works to connect and promote its member organizations and the broader New Economy movement through online infrastructure, leadership development, strategic communications, granting programs, national conferences, and more.

Conferences

Strategies for a New Economy Conference

The New Economy Coalition hosted a conference entitled "Strategies for a New Economy" as a convening summit for diverse economic reformation efforts. The conference was held from June 8–10, 2012 at Bard College in New York. The conference featured workshops, strategizing sessions and lectures. More than 500 people were in attendance, representing over 300 organizations.

CommonBound 2014

In June 2014 the CommonBound conference brought together movement leaders, activists and practitioners.

Nathan Schneider Nathan Schneider (born 1984) is a scholar, activist, and journalist. Since 2015, he has been a professor of media studies at the University of Colorado Boulder. Writing on religion Much of Schneider's early work concerned the interrelation of ...

writing for

Al Jazeera Al Jazeera ( ar, الجزيرة, translit-std=DIN, translit=al-jazīrah, , "The Island") is a state-owned Arabic-language international radio and TV broadcaster of Qatar. It is based in Doha and operated by the media conglomerate Al Jazeera ...

saw the conference as part of a wider commons movement.

= CommonBound 2016

= In July 2016 the New Economy Coalition, in partnership with the Crossroads Collaborative, brought together over 900 movement leaders, activists and practitioners in Buffalo, NY.

References

External links

New Economy Coalition homepageThe Global Transition to a New Economy map
{{Authority control Political and economic think tanks in the United States