Changing the Foundations of Economic Thought in the Midst of Crisis - How Economic Actors Create New Imagined Futures for Sustainable Economies

Grant number: unknown

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Key facts

  • Disease

    COVID-19
  • start year

    2020
  • Funder

    Volkswagen Stiftung
  • Principal Investigator

    Prof Dr Silja Graupe
  • Research Location

    Germany
  • Lead Research Institution

    Cusanus Hochschule Institut für Ökonomie
  • Research Priority Alignment

    N/A
  • Research Category

    Secondary impacts of disease, response & control measures

  • Research Subcategory

    Economic impacts

  • Special Interest Tags

    N/A

  • Study Type

    Non-Clinical

  • Clinical Trial Details

    N/A

  • Broad Policy Alignment

    Pending

  • Age Group

    Unspecified

  • Vulnerable Population

    Unspecified

  • Occupations of Interest

    Unspecified

Abstract

How can lasting sustainable economic change emerge from spontaneous solidarity and innovative interaction during the Covid-19 pandemic? By combining epistemological groundwork and research on imagination with an empirical mixed-method approach borrowed from complexity research, the project investigates how during crises economic actors create imagined futures of the common good and thus may transform "choice architectures" below the threshold of rational and habitual action. The goal is to contribute to understanding imaginative, narrative and sensemaking processes necessary to sustainably transform the economy, and to explore a fundamental paradigm shift in economics.