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Market Economy – Reinvent or Reboot?

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Elisabeth-Herz-Kremenak-Saal
Plenary / Debate
english language

“The market economy is the best model. It will also successfully manage the challenges faced in the future.” Would you agree with this statement? Two experts with very different viewpoints debate the question of whether the market economy model will survive, or whether it is time for a new concept.

President, Ifo Institute - Leibniz Institute for Economic Research; Director, CES - Center for Economic Studies and Professor of Economics, Chair for Economics and Public Finance, Faculty of Economics, University of Munich; President, CESifo GmbH
Professor of Economic Theory, Department of Political Economy, Faculty of Economic Sciences, University of Athens; former Greek Minister of Finance, Athens
Presenter and Editor, ORF - Austrian Broadcasting Corporation, Vienna Chair

Dr. Clemens FUEST

President, Ifo Institute - Leibniz Institute for Economic Research; Director, CES - Center for Economic Studies and Professor of Economics, Chair for Economics and Public Finance, Faculty of Economics, University of Munich; President, CESifo GmbH

1995-2001 Senior Research Assistant, Chair of Public Economics, University of Munich
2001 Habilitation, Venia Legendi for Economics, University of Munich
2001-2008 Professor, Chair of Public Economics, University of Cologne
2008-2013 Professor of Business Taxation and Research Director, Centre for Business Taxation, Saïd Business School, University of Oxford
2013-2016 President and Chief Executive Officer, ZEW - Centre for European Economic Research, Mannheim; Professor of Economics, University of Mannheim
since 2016 President, Ifo Institute - Leibniz Institute for Economic Research; Director, CES - Center for Economic Studies and Professor of Economics, Chair for Economics and Public Finance, Faculty of Economics, University of Munich; President, CESifo GmbH

Dr. Yanis VAROUFAKIS

Professor of Economic Theory, Department of Political Economy, Faculty of Economic Sciences, University of Athens; former Greek Minister of Finance, Athens

1981-1982 MSc Mathematical Statistics, Department of Mathematical Statistics, University of Birmingham
1982-1987 Ph.D. Economics, Department of Economics, University of Essex
1983-1985 Teaching and Research Assistant, Department of Economics, University of Essex
1985-1986 Senior Research Associate and University Lecturer, Economics Research Centre, School of Economic and Social Studies, University of East Anglia, Norwich
1986-1988 Lecturer (tenured), School of Economic and Social Studies, University of East Anglia, Norwich
1986-1988 Fellow and University Lecturer, Department of Applied Economics, Trinity College, University of Cambridge
1988-1990 Lecturer in Economics, Department of Economics, University of Sydney
1990-2002 Senior Lecturer in Economics (tenured), Department of Economics, University of Sydney
1995-1996 Senior Lecturer, Department of Political Economy, University of Glasgow
since 1996 Hoover Fellow in Economic and Social Ethics, Universite Catholique de Louvain, Louvain-la-Neuve
2000-2006 Associate Professor of Economic Theory, Faculty of Economic Sciences, University of Athens
since 2006 Professor of Economic Theory, Department of Political Economy, Faculty of Economic Sciences, University of Athens
2012 Chief Economist, Valve Software, Seattle
2013-2015 Visiting Professor, Lyndon B. Johnson School of Public Affairs, University of Texas
2015 Member of Hellenic Parliament, Athens
2015 Minister of Finance, Athens
2016 Honorary Professor, Department of Political Economy, University of Sydney
2016 Professor Honoris Causa, International University College of Turin
2016 Honorary Doctor of Philosophy, University of Sussex

Mag.a Rosa LYON

Presenter and Editor, ORF - Austrian Broadcasting Corporation, Vienna

2000-2005 Economics, Vienna University of Economics and Business
since 2005 Journalist; Editor; Reporter, Radio Österreich 1, ORF Austrian Broadcasting Corporation, Vienna
since 2010 Journalist; Editor; Reporter, Zeit-im-Bild, ORF Austrian Broadcasting Corporation, Vienna
since 2016 Host ZiB, ORF Austrian Broadcasting Corporation, Vienna

Economic Symposium

show timetable

30.08.2016

08:00 - 10:30Charity Soccer Match – Good Game, Good CauseSocial
12:00 - 12:30OpeningPlenary
12:30 - 14:00Changing World – Changing WaysPlenary
14:10 - 14:45Meet the Speaker: Cesar HidalgoPlenary
14:10 - 14:45Meet the Speaker: Robin ChasePlenary
14:30 - 16:00Market Economy – Reinvent or Reboot?Plenary
16:30 - 18:00ecoplus Lower Austria EveningSocial
16:30 - 18:00Fireside Talk “Future of Europe – Future of the European Economy”Partner
18:00 - 19:30Migration – Opportunity and ChallengePlenary
19:30 - 20:30Illuminating AlpbachSocial

31.08.2016

06:00 - 07:0016th management club Business BreakfastPartner
06:00 - 07:00Country Breakfast Georgia – Ways Out of CorruptionPlenary
06:00 - 07:00Country Breakfast Israel – the Country of Start-UpsPlenary
06:00 - 07:00Country Breakfast South Korea – Education Is the KeyPlenary
07:00 - 08:30Digital Employees – Have No Fear, Technology Is HerePlenary
09:00 - 11:30Breakout Session 01: Online Platforms – New Working Conditions in the Digital AgeBreakout
09:00 - 11:30Breakout Session 02: The Role of a Modern State for the Economy and SocietyBreakout
09:00 - 11:30Breakout Session 03: The European Data Economy Needs a New Enlightenment!Breakout
09:00 - 11:30Breakout Session 04: Crowdsourcing – If You Have a Problem, Ask Everyone!?Breakout
09:00 - 11:30Breakout Session 05: Regional Hidden Champions: Ready for the Future?Breakout
09:00 - 11:30Breakout Session 06: New Values, New Ambitions? How Traditional Leadership Is Challenged by MillennialsBreakout
09:00 - 11:30Breakout Session 07: Motivate and Regulate – Behavioural Economics as a New Approach in PoliticsBreakout
09:00 - 11:30Breakout Session 08: The 4th Industrial Revolution – Reurbanisation of ProductionBreakout
09:00 - 11:30Breakout Session 09: FinTechs, Crowdfunding and Online Consultancy – a Change for the Whole Financial Industry?Breakout
09:00 - 11:30Breakout Session 10: Digital Transformation Through Business Model InnovationBreakout
09:00 - 11:30Breakout Session 11: The Power and Myth of CreativityBreakout
11:30 - 13:00Lunch ReceptionSocial
11:45 - 12:45World.Economy.Austria. Successful Ideas for Our CountryPartner
13:00 - 15:30Breakout Session 12: International Trade – Past, Present, FutureBreakout
13:00 - 15:30Breakout Session 13: Where Fear Reigns, Reason FadesBreakout
13:00 - 15:30Breakout Session 14: Big Data – a Vision of the Future, or: the End of Coincidence?Breakout
13:00 - 15:30Breakout Session 15: Leadership & Responsibility – How Responsible Leaders Do Good and Irresponsible Leaders Create HavocBreakout
13:00 - 15:30Breakout Session 16: Stay Innovative – the Example of Light Weight DesignBreakout
13:00 - 15:30Breakout Session 17: Live or Let Die? The Evolution of the Economy – Darwinism Mixes Up the MarketsBreakout
13:00 - 15:30Breakout Session 18: The Energy Transition – a Test for Our Economic SystemBreakout
13:00 - 15:30Breakout Session 19: Quo Vadis Digital Europe/Austria?Breakout
13:00 - 15:30Breakout Session 20: Hands on Jam Session – Business as Unusual: Open Innovation and Service Design ThinkingBreakout
13:00 - 15:30Breakout Session 21: Opinion Making Between Transparency and Headline FeverBreakout
13:00 - 15:30Breakout Session 22: Transparency – Cui Bono?Breakout
16:30 - 18:00Switch – Changing Culture, Changing Business?Plenary
17:00 - 18:30Myths and Facts. How Is it with the Austrian Economic and Social System?Partner

31.08.-30.08.2016

Magenta NightSocial

01.09.2016

06:00 - 07:00Breakfast ClubPlenary
06:30 - 07:30“Kater” BreakfastPartner
07:00 - 08:30Digital Entrepreneurship in EuropePlenary
07:00 - 08:30Fully Connected – Fully Enlightened or Fully Enslaved? – Peter Drucker Morning SessionPlenary
09:00 - 10:30Different Countries, Different Solutions – Economic Cultures in ComparisonPlenary
10:40 - 11:15Meet the Speaker: Lung YingtaiPlenary
10:40 - 11:15Meet the Speaker: Philipp BlomPlenary
14:30 - 18:00Economic DialoguePartner