Future of Money-Agenda

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.

Agenda

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