Round table on Transforming the Future of Money

Transforming the Future of Money

Inter-University Centre, Dubrovnik – November 18-20, 2019

in association with Future Capital Initiative


Goals & objectives of the Future of Capital Project
Garry Jacobs

Reflections on September meetings at UN & World Bank
Thomas Reuter

Global Challenges and Opportunities
Tibor Toth

Global Challenges and Opportunities
Jean-Louis Weber

Process of Social Evolution
Thomas Reuter

Process of Social Evolution
Rodolfo Fiorini

Myths and Mysteries about Money
Dragan Đuričin

Myths and Mysteries about Money
Frank Dixon

Digital Currencies
Georgios Theodoropoulos

How to finance our SDGs
Stefan Brunnhuber

The Power of Money
Erich Hoedl

The Power of Money
Alberto Zucconi

Business & Finance
Elif Çepni

Business & Finance
Mariana Bozesan

Democracy, Social Equality and Money
Pascal Petit

The Nature of Money
Ketan Patel

Innovative Financial Strategies
Lotta Björklund Larsen

Innovative Financial Strategies
Frank Dixon

Money, Consciousness and Human Values
Garry Jacobs

Rose Bud Economy
Lene Rachel Andersen

Interrelations between financial, men-made, natural and human capital
Erich Hoedl

Whole Systems Approach
Frank Dixon

Steps toward a New Paradigm
Garry Jacobs

Steps toward a New Paradigm
Alberto Zucconi

Transforming the Future of Money

Inter-University Centre, Dubrovnik – November 18-20, 2019

in association with Future Capital Initiative


  • Lene Andersen - Futurist, Economist, Philosopher, Author, and Member of the Club of Rome, Co-founder of the European Bildung Network, the think tank Nordic Bildung and a Bildung Activist
  • Lotta Björklund Larsen - Research Fellow, Tax Administration Research Center, University of Exeter, UK; Associate Professor
  • Mariana Bozesan - Integral Impact Investor, philanthropist, author, and researcher on consciousness leadership; Co-Founder, AQAL Capital; Co-Founder and President, AQAL Foundation, Germany; Member, Club of Rome; Fellow, WAAS
  • Stefan Brunnhuber – Economist, Psychiatrist; Medical Director, Diakonie Hospital, Germany; Member, WAAS Board of Trustees; Endowed Professor, Psychology & Sustainability, University of Applied Sciences (HSMW), Germany (Online)
  • Elif Çepni – Rector, Cyprus University of Health and Social Sciences (KSTU); Professor of Economics; Partner, Foresight Consult; Associate Fellow, WAAS
  • Dora Damjanović - Student of Political Science, University of Vienna, Austria
  • Frank Dixon - Sustainability and System Change Consultant, USA; Author, Global System Change series of books; Associate Fellow, WAAS
  • Dragan Đuričin - Professor, Faculty of Economics, University of Belgrade, Serbia; Editor in Chief, Scientific Journal Ekonomika preduzeca; President, Serbian Association of Corporate Directors
  • Rodolfo Fiorini - Professor of Bioengineering at the Department of Electronics, Information and Bioengineering, Politecnico di Milano University, Italy; Member, WAAS Board of Trustees
  • Hazel Henderson - Author, futurist, and evolutionary economist; President, Ethical Markets Media Certified Benefit Corporation, USA; Fellow, WAAS (Online)
  • Friedrich Hirler - Data Analyst and Editor, Etrality GmbH, Germany; Senior Editor, Security and Sustainability Guide
  • Erich Hoedl - Vice-President, European Academy for Sciences and Arts; Rector, Wuppertal University, Austria and Graz University of Technology, Austria; Visiting Researcher, Columbia University, USA; Member, WAAS Board of Trustees
  • Garry Jacobs - Chief Executive Officer, WAAS and World University Consortium; Vice-President, The Mother’s Service Society, India; Member, Club of Rome
  • Zhanna Kryuchkova - Founder, Jansen Capital Management and Huxley media, Ukraine; Co-owner, Automobile Holding Almaz Group Co. and construction company Stikon
  • Andriy Nikolayenko – Politician, Diplomat and Head, political party "Osnova"; Coordinator of the informal association of entrepreneurs “Ukrainian Business Initiative”; Former  Advisor to PM of Ukraine; Former Governor of Kirovohrad Oblast, Ukraine
  • Ketan Patel - CEO & Founder, Greater Pacific Capital; Former Managing Director, Investment Banking Division at Goldman Sachs (Online)
  • Radmilo Pešić - Professor of Economics, Department of Agricultural Economics, University of Belgrade, Serbia; Vice-president of the Club of Rome Serbia Chapter; Associate Fellow, WAAS
  • Pascal Petit - Director of Research in Economics Emeritus, Paris Nord University, France; Fellow, WAAS
  • Natalia Pogozheva - CEO of Green Education Ukraine Foundation; Board Member, Regional Development Association, Ukraine; Associate Fellow, WAAS
  • Thomas Reuter - Professor, Asia Institute, University of Melbourne, Australia; Senior Vice-President of the International Union of Anthropological and Ethnological Sciences; Member, WAAS Board of Trustees
  • S.S. Sreejith - CEO, Global Institute of Integral Management Studies, India
  • Georgios Theodoropoulos - Chair Professor, School of Computer Science  and Engineering, Southern University of Science & Technology, China
  • Mariana Todorova - Co-Chair, the Bulgarian Node of the Millennium Project; Member of Parliament, National Assembly of the Republic of Bulgaria; Assistant Professor, Bulgarian Academy of Sciences; Fellow, WAAS
  • Tibor Toth - Ambassador, Executive Secretary Emeritus, Preparatory Commission of The Comprehensive Nuclear-Test-Ban Treaty Organization; Member, WAAS Board of Trustees
  • Jean-Louis Weber - Member, Scientific Committee of European Environment Agency (EEA); Honorary Professor, University of Nottingham; Former Special Adviser to the European Environment Agency
  • Alberto Zucconi - President, Person-Centered Approach Institute (IACP), Italy; Secretary General, World University Consortium; Member, WAAS Board of Trustees

Transforming the Future of Money

Inter-University Centre, Dubrovnik – November 18-20, 2019

in association with Future Capital Initiative

The world possesses all the financial resources needed to meet humanity's material needs and foster wellbeing. Money is a unique human invention, a networking device to extend mutually beneficial human relationships in space and time, and a powerful instrument for promoting sustainable development and wellbeing. But the global monetary and financial system misconstrues its fundamental purpose and role in society and is underperforming and misperforming its intended role. A new financial paradigm is needed based on a fundamental change in consciousness and values.


Monday, November 18
9:00 – 10:00

1. Introduction and Overview of the Future of Capital Project

  • Goals and objectives of the project.
  • Reflections on the WAAS September meetings at UN and World Bank

Moderators: Garry Jacobs & Thomas Reuter

10:00 – 11:00

 2. Global Challenges and Opportunities

  • Perceptual frames that define our vision of social opportunities
  • Role of money & finance in implementing SDGs and tapping social opportunities

Moderators: Tibor Toth & Jean-Louis Weber

11:30 – 12:30

 3. Process of Social Evolution

  • Historical insights into the process of social change
  • Conscious vs subconscious change processes
  • Transformations at the national level
  • Global social transformations

Moderators: Thomas Reuter & Rodolfo Fiorini

 2:00 – 3:00

 4. Myths and Mysteries about Money

  • The role of money & finance as products and instruments of social evolution
  • The purpose and function of money as a social organization
  • The process of money creation – alternative strategies
  • Multiplying money for the common good – opportunities & limitations
  • Evolution of money & new forms of money

Moderators: Dragan Đuričin & Frank Dixon

3:00 – 4:00

5. Social and Psychological Foundations of Money

  • Money as a social network
  • Money and human relationships
  • Money and social organization
  • Money and social evolution

Moderators: Lotta Björklund Larsen & Radmilo Pešić

 4:30 – 5: 30

6. Open Session Presentations

  • From Traditional Currency-based Pricing and Trading to Digital Assets on Virtual Exchanges -- Hazel Henderson (Online)
  • Digital Currencies -- Georgios Theodoropoulos
  • How to finance our SDGs -- Stefan Brunnhuber (Online)
 Tuesday, November 19  
 9:00 – 10:00

7. The Power of Money

  • Concept and evolution of social power
  • Different forms of social power & their interconvertibility
  • Special characteristics of money as a form of social power
  • The relationship between money and other forms of social power
  • Historical perspective and future evolution of social power

Moderators: Erich Hoedl & Alberto Zucconi

 10:00 – 11:00

8. Business & Finance

  • Reconciling purpose-driven business models with public good and private profit – the theory of the firm
  • Scaling business models that promote the common good
  • Policy, regulatory and incentive structures to promote conscious capitalism
  • Sustainable Responsible Investing & CSR

Moderator: Elif Çepni & Mariana Bozesan

 11:30 – 12:30

9. Democracy, Social Equality and Money

  • Reconciling individual freedom and social welfare
  • Essential conditions for successful democracy and its relation to money, finance and distribution of wealth

Moderators: Pascal Petit & Radmilo Pešić

12:30 – 12:45

10. Open Session Presentation

  • The Nature of Money – Ketan Patel (Online)
2:00 – 3:00

11. Innovative Financial Strategies

  • Financing the SDGs, climate challenge and wellbeing
  • Digital currencies

Moderators: Lotta Björklund Larsen & Frank Dixon

3:00 –  4:00

12. Money, Consciousness and Human Values

  • Limitations of prevailing economic theory of money and finance
  • Conscious and Conscientious investing
  • The human value of money
  • Reconciling wealth-creation and wellbeing

Moderators: Garry Jacobs & Lene Rachel Andersen

4:30 – 5:30

13. Open Session

  • New Currency to Record Ecosystem Capital’s Ecological Value – Jean-Louis Weber
  • Rose Bud Economy – Lene Rachel Andersen
  • Interrelations between financial, men-made, natural and human capital – Erich Hoedl
 Wednesday, November 20  
9:00 – 10:00

14. Evolution of Financial Markets

  • Different forms of capital and their relationships
  • The origin and purpose of financial markets
  • The role of financial markets in human development and social evolution
  • Governing national and global markets

Moderators: Dragan Đuričin & Natalia Pogozheva

10:00 – 11:00

15. Whole Systems Approach

  • Aligning social systems to promote real wealth creation and sustainable development
  • Systems Change Investing – how it can drive monetary reform
  • SCI rating models

Moderators: Frank Dixon & Mariana Bozesan​

11:30 – 12:15

16. Practical Transition Strategies

  • How do we transition and improve current monetary systems?
  • What are the key transition leverage points?
  • Actions needed in government, general public, corporate/financial

Moderators: Dragan Đuričin & Mariana Bozesan

12:15 -- 1:00

17. Steps toward a New Paradigm

  • Multi-stakeholder approach
  • Multiplying money and social power for beneficial purposes
  • Envisioning a world in which Agenda 2030 SDGs have been fully realized

Moderators: Garry Jacobs & Alberto Zucconi

2:00 – 3:30 Optional Additional Session