E. F. Schumacher Society
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| Abbreviation | NEC |
|---|---|
| Merged into | New Economy Network |
| Focus | Economics |
| Location | |
| David M. Abromowitz, Gar Alperovitz, Jessica Brackman, Farhad Ebrahimi, John Fullerton, Neva Goodwin, Hildegarde Hannum, Leah Hunt Hendrix, Will Raap | |
| Affiliations | Schumacher Society for a New Economics, New Economics Foundation |
|
Budget
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US$ 1.275 million (2015) |
|
Staff
|
11 (3 part time) |
| Website | http://neweconomy.net |
|
Formerly called
|
New Economics Institute |
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 100 organizations working for what it describes as the New Economy movement.
The roots of the NEC lay with the Schumacher Center for a New Economics (formerly the E.F. Schumacher Society) which was founded in 1980. In 2010, the NEC partnered with the New Economics Foundation (NEF) to create a new organisation called the New Economics Institute to promote alternative economic models.
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. In a lecture for the National Council for Science and the Environment Gus Speth said the organisation wanted to create a sustainable and caring economy.
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 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.
The NEC is a sister organization of the New Economics Foundation (NEF) in London. Selected NEF publications are featured on the NEC's webpage.
The New Economy Coalition continue the work of German economist E. F. Schumacher. That is the linking of people, land, and community to build strong, diverse local economies.
The New Economy movement is often referred to as just 'new economy'. It considers that the current economic system needs to be restructured. The theory 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. Some of the approaches it includes ecological economics, solidarity economy, commons, degrowth, systems thinking and Buddhist economics.
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