New Economy Coalition

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New Economy Coalition
New Economy Coalition logo.png
President Bob Massie (politician)[1]
Formerly called E.F. Schumacher Society, New Economics Institute
Location Boston, MA
Website [1]

The New Economy Coalition is a US-based nonprofit organization based in Boston, Massachusetts



The New Economy Coalition was founded in 1980 as the E.F. Schumacher Society by Robert Swann and Susan Witt.[2] In 2010, the E.F. Schumacher Society became the New Economics Institute. In 2013, the New Economics Institute merged with the New Economy Network to form the New Economy Coalition.[3] In February 2013 the legacy programs of the E, F. Schumacher Society, including the personal library of Fritz Schumacher, were spun off as the Schumacher Center for a New Economics.


The New Economy Coalition draws on new economics, an aggregate field of alternative economic thought that challenges the fundamental assumptions of mainstream neo-classical and Keynesian economic theory.[4] 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.[5] It draws on a number of other approaches, including ecological economics, solidarity economy, degrowth, systems thinking and Buddhist economics.


New economy movement[edit]

The New Economy Coalition works to promote the new economy movement. This movement is entirely distinct from the definition of a service-based new economy as popularized during the late 1990s by Stephen B. Shepard, among others.[6] In 2009, Sarah van Gelder wrote, “The new economy is about increasing quality of life, improving health, and restoring the environment."[7] As described by Gar Alperovitz, “The New Economy movement is a far-ranging coming together of organizations, projects, activists, theorists and ordinary citizens committed to rebuilding the American political-economic system from the ground up."[8]

Student Organizing[edit]

In 2012, the New Economy Coalition launched a student organizing initiative entitled The Campus Network: Campus Leadership in the New Economy. The initiative provided campuses across the country with financial and educational assistance in promoting the ideas of the New Economy through conferences, workshops, and other forms of strategic summits.[9]

Strategies for a New Economy Conference[edit]

The New Economy Coalition hosted a conference entitled "Strategies for a New Economy" as a convening summit for diverse economic reformation efforts.[10] The conference was held from June 8–10, 2012 at Bard College in New York.[11] The conference featured workshops, strategizing sessions and lectures. More than 500 people were in attendance, representing over 300 organizations.[12]

The Global Transition to a New Economy[edit]

The New Economy Coalition, in collaboration with the Stakeholder Forum for a Sustainable Economy, New Economics Foundation, and the Green Economy Coalition, created a user-generated online map to plot a sampling of different projects happening around the world that are part of what it calls the "new economy."[13] The map was presented at the United Nations Conference on Sustainable Development in June 2012 in Rio de Janeiro. Also in June, the map was awarded the "map of the week" by the Google Geo Developers blog.[14]

E.F. Schumacher Annual Lecture Series[edit]

From 1981 to 2013, the New Economy Coalition hosted an annual lecture in honor of E.F. Schumacher.[15] Past presenters include:


  1. ^ Henderson, Hazel. "New Economy Coalition Appoints Bob Massie President/CEO". Ethical Market. 
  2. ^ Mills, Stephanie (2010). On Gandhi's Path. Gabriola Island, BC, Canada: New Society Publishers. pp. 111–112. ISBN 9780865716155. 
  3. ^ "A Briefing on the New Economics Institute". Retrieved 11 April 2012. 
  4. ^ Boyle, David (2009). The New Economics: A Bigger Picture. Routledge. 
  5. ^ Speth, Gus. "Toward a New Economy and a New Politics". The Solutions Journal. 
  6. ^ Shepard, Stephen B. "The New Economy: What It Really Means". Business Week. 
  7. ^ van Geder, Sarah. "The New Economy Starts Now". 
  8. ^ Alperovitz, Gar. "The Rise of the New Economy Movement". AlterNet. 
  9. ^ "The Campus Network: Campus Leadership in the New Economy". New Economics Institute. 
  10. ^ "Strategies for a New Economy". 
  11. ^ Revkin, Andrew. "Searching for a New Economy". New York Times. 
  12. ^ Kando, Paul. "Strategies for a New Economy Summit at Bard College". New Maine Times. 
  13. ^ "Global Transition to a New Economy". Retrieved 11 April 2012. 
  14. ^ "Google Geo Developers blog". 
  15. ^ "New Economics Institute Publications". Retrieved 11 April 2012. 

External links[edit]