Institute For Integrated Economic Research-Australia
IIER (EUROPE)
The Institute for Integrated Economic Research is a non-profit organization based in Europe. It is focused on identifying empirically validated macroeconomic system descriptions and models, and ensuring their dissemination.
PRESENTATIONS - IIER Europe
In February 2018, Dr Hannes Kunz, President Board of Directors IIER visited Australia and gave this presentation at the Australian National University
Macroeconomics has locked into a view based on 250 years of industrialisation to describe an ecologically dangerous future. During the past 8 years new credit has globally grown at the fastest pace in tracked history, with less and less benefit for societies. Total levels are unsustainable and will eventually require a correction.
The presentation concludes that:
- Markets are fundamentally broken.
- Sustainable economic growth is a thing of the past - credit ballooning is a must to keep going
- We’re in a 5-15 year “positioning” period for various possible future scenarios
- There may be significant market movements (including upsides) during that period.
- Nothing is long-term predictable.
PUBLICATIONS - IIER Europe
IIER Paper - Revisiting the rules of economics
Most economic theories of the late 20th century are based on models built around the assumption of system-inherent growth. Despite still available headline GDP growth, most people in advanced economies are experiencing shrinking incomes and quickly growing cost of living.
Our world is not sufficiently prepared to deal with those trajectories. IIER research helps by shifting the focus of societies away from the objective of “getting growth back at all cost” to “mitigating possible stagnation or decline.”
IIER Paper - Nudging 3% of voters to keep democracies intact
This paper discusses how to reduce the voter potential of far-right or -left movements with simplistic “solutions” just enough to keep them from taking power and turning an already precarious economic and societal situation to even more dire proportions.
One major obstacle in fighting fringe parties is that few politicians today are ready to tell voters the truth: that the future might hold less economic promise and that we must stop focusing on growth, but instead accept the challenge to focus on wellbeing on a broader scale. A large proportion of advanced societies’ populations intuitively grasps this reality, as polls show, but it is neither supported by the electoral discourse nor any other credible source.