We have endured the worst financial and economic crisis since the Great Depression and we continue to face exceptional economic circumstances. Despite apparently extraordinary inventions and innovations, standards of living are declining, or at best stagnant, in many advanced economies. Many believe that our economic systems have failed to deliver the progress and prosperity that was promised.
Mainstream macroeconomics offers many insights and we recognise the changes that are underway. Yet in these exceptional economic circumstances creative and ambitious research ideas are required. This is an opportunity for disruptive thinking – to find out how inter-disciplinary ideas, alternative schools of thought and new research methods can contribute to our most pressing ‘real world’ macroeconomic questions.
We are a diverse and extensive network of mainstream and heterodox economists and academics from anthropology, biology, complexity, finance, history, philosophy, physics, psychology, sociology.
Our Network brings together academics, policy makers, representatives of civil society and interested members of the public. Our aim is to transform macroeconomics into a policy-relevant social science.
Macroeconomics is about the ‘real world’. It is subject orientated, rather than procedure orientated. That is why Rebuilding Macroeconomics is organised around research hubs which ask ‘real world’ macroeconomic questions.
We believe that macroeconomics can benefit from insights from related academic disciplines. We will support research that is creative, inter-disciplinary and introduces new methods of analysis to macroeconomics.
Rebuilding macroeconomics will fund rigorous research ‘pilot projects’ through two mechanisms: (a) calls issued by research hubs; and (b), annual general research calls.
We will support research that addresses one of our Big Questions and offers the greatest potential to transform macroeconomics.
We expect to fund projects that take risks and we will not fund research which should receive funding from other sources.
Through effective collaboration with macroeconomists, we want to shift the long-term research interests of macroeconomists.
We aim to introduce young scholars to new ideas and methods through our Research Hubs, MOOCs and workshops to shape tomorrow’s research agenda.
We want to engage with all researchers, stakeholders and members of the public. We want to open-up the public debate on macroeconomics.
We will hold Discovery Meetings and ‘town-hall’ debates across the UK. The only limit is space. Some support to cover travel costs is also available.
Researchers are strongly encouraged to join our research hubs and put themselves forward to be research hub leaders.