Inter-University Centre Dubrovnik

An independent international centre for advanced studies


Conscious Capital
18 Nov 2019 - 23 Nov 2019
Course directors:
Garry Lawrence Jacobs, World Academy of Arts and Science, United States
Winston Percival Nagan, University of Florida, Gainesville, United States
Goran Bandov, Dag Hammarskjöld University College of International Relations and Diplomacy, Zagreb, Croatia
Alberto Zucconi, Person-Centered Approach Institute, Italy, Italy
Course description:

The world possesses all the financial resources needed to meet humanity's material needs and foster wellbeing. Money is a unique human invention, a networking device to extend mutually beneficial human relationships in space and time, and a powerful instrument for promoting sustainable development and wellbeing. But the global monetary and financial system misconstrues its fundamental purpose and role in society and is underperforming and misperforming its intended role. A new financial paradigm is needed based on a fundamental change in consciousness and values. Format for this meeting will be brief presentations followed by moderated open roundtable discussion to maximize active participation and exchange of views among all participants.​

Draft Agenda

1.Introduction and Overview of the Future of Capital Project

- Goals and objectives of the project.

- Reflections on the WAAS September meetings at UN and World Bank

2.Global Challenges and Opportunities

- Perceptual frames that define our vision of social opportunities

- The role of money and finance in implementing the SDGs and tapping social opportunities

3.Myths and Mysteries about Money

- The purpose and function of money as a social institution

- The role of money and finance in the evolution of global society

- How money is created, how it multiplies, and factors limiting its multiplication

- Evolution of money & new forms of money

4.The social and psychological foundations of money

- Money as a Social Network

- Money and human relationships

- Money and social organization

- Money and social evolution

5.The Power of Money

- Concept and evolution of social power

- Different forms of social power & their Interconvertibility

- Special characteristics of money as a form of social power

- The relationship between money and other forms of social power

- Historical perspective and future evolution of social power

6.Money, Consciousness and Human Values

- Limitations of prevailing economic theory of money and finance

- Conscious and Conscientious investing

- Reconciling wealth-creation and wellbeing

7.Evolution of Financial Markets

- Different forms of capital and their relationships

- The origin and purpose of financial markets

- The role of financial markets in human development and social evolution

8.-Governing national and global markets

- Innovative Financial Strategies

9.Financing the SDGs, Climate Challenge and Wellbeing

- Democracy, Social Equality and Money

- Reconciling individual freedom and social welfare

- Essential conditions for successful democracy and its relation to money, finance and distribution of wealth

10.Business & Finance

- Reconciling purpose-driven business models with public good and private profit

- Scaling business models that promote the common good

- Policy, regulatory and incentive structures to promote conscious capitalism

- Sustainable Responsible Investing & CSR

11.Whole Systems Approach

- Aligning social systems to promote real wealth creation and sustainable development

- Systems Change Investing

- SCI rating models

12.Steps toward a New Paradigm

- Multistakeholder approach

- Multiplying money and social power for beneficial purposes

- Envisioning a world in which Agenda 2030 SDGs have been fully realized

Course lecturers:
Garry Lawrence Jacobs, World Academy of Arts and Science, United States
Thomas Reuter, University of Melbourne, Australia
Jean - Louis Weber, ENS Lyon, France
Rodolfo Fiorini, Politecnico di Milano, Italy
Dragan Djuričin, University of Belgrade, Serbia
Frank Dixon, Global System Change, United States
Lotta Björklund Larsen, University of Exeter, United Kingdom
Radmilo Pešić, University of Belgrade, Serbia
Erich Hoedl, European Academy of Sciences, Austria
Alberto Zucconi, Person-Centered Approach Institute, Italy, Italy
Elif Cepni, Nisantasi University, Turkey
Mariana Bozesan, AQAL Capital, Germany
Lene Rachel Andersen, Nordic Bildung, Denmark
Georgios Theodoropoulos, Sustech, China
Natalia Pogozheva, Green Education Ukraine Foundation, Ukraine
Pascal Mickael Petit, University of Paris 13 , France
Winston Percival Nagan, University of Florida, Gainesville, United States
Tibor Toth, Comprehensive Nuclear Test - Ban Treaty Organization, Austria
Attached documents
Draft Agenda