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HSE Students Attend Summer School on Alternative Economic and Monetary Systems

Anastasia Denisova, 2nd-year student of the MA programme in Business Informatics, and Evgeny Golota, 2nd-year student of the MA programme in E-business took part in the summer school ‘Alternative Economic and Monetary Systems’ that was held July-August 2016 in Vienna, Austria.

Thanks to existing cooperation with the University of Applied Sciences Vienna (Austria) and to support from the Austrian Agency for International Mobility and Cooperation in Education, Science and Research, HSE students had an opportunity to participate in the school free of charge.

This school is held each year in July-August, and lasts about two and a half weeks. It focuses on the development of cooperation, education, and research skills among students from different countries.

The school helps participants understand more about the development of global monetary systems, possible paths of global economic development, and also helps them understand alternative possibilities.

Evgeny Golota, 2nd-year MA student in e-business:

'There were a lot of lectures, and a rich social programme. During these two and a half weeks we attended lectures by professors from over 10 international universities, including Massachusetts Institute of Technology (MIT), which is highly respected. The school's working language was English, and there were 44 students from different countries in our group.

During lectures we learned about alternative viewpoints on contemporary economics and different monetary systems. I was surprised to learn about the Bristol Pound.

Here are just several topics we touched on:

  • The economy does not necessarily need to grow from period to period (for example, from year to year) in order to be considered stable.
  • It is important to develop local economies i.e. small towns and villages in order to ensure the national economy is stable.
  • The economy should work to become effective, not profitable.
  • The de-grow approach promotes the termination of overproduction, preventing crises or bubbles in the economy.'
August 25, 2016
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