New Economics Foundation
| Abbreviation | NEF |
|---|---|
| Motto | Building a new economy where people really take control |
| Formation | 1986 |
| Type | public policy think tank |
| Headquarters | 10 Salamanca Place, London, United Kingdom |
|
Chief Executive
|
Marc Stears |
| Website | www.neweconomics.org |
The New Economics Foundation is a British think-tank that aims to help build a "new economy where people are really in control".
The Foundation was founded in 1986 by the leaders of The Other Economic Summit (TOES) with the aim of working for a "new model of wealth creation, based on equality, diversity and economic stability".
The Foundation has around 40 staff mainly based in London and is active at a range of different levels. Its programmes include work on housing, reform of the financial system, the future of work, democracy and devolution and climate and environment.
The Foundation works in the areas of community development, democracy, and economics. The foundation's work on sustainability indicators, which measures aspects of life and environment, indicated the connection between economic growth and sustainability.
From 1995 to 2000, the Foundation made social audits of companies to measure and evaluate a company's social and ethical performance according to its standards. This work was instrumental in the formation of the Institute of Social and Ethical Accountability to promote professional standards around social accounting and auditing.
The Jubilee 2000 campaign, strategised for and run by NEF, collected 24 million signatures for its worldwide petition on development and poverty.
NEF has also developed a Local money Flows measurement program and enables the mapping of money flows through the local economy.
In July 2006, the Foundation launched the Happy Planet Index, intended to challenge existing indices of a state's success, such as Gross Domestic Product (GDP) and Human Development Index (HDI).
In February 2010 the New Economics Foundation called for gradual transition to a working week of 21 hours.
James Robertson, a British economist, and Alison Pritchard, a Schumacher Society Council member, helped to set up The Other Economic Summit (TOES) and NEF.Ed Mayo was Chief Executive from 1992 until 2003. The current chief executive is Marc Stears.
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