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Adaptation to a New Economic Reality

Objective

The present economic model of permanent growth is unstable and leads to cycles of growth, peaks and crashes. We propose to contribute to developing new economic thinking based on knowledge of global resources availability. The Adaptation to a New Economic Reality (AdaptEconII) project is divided into three parts: 1. Sustainable resource management; 2. Integrated economic systems assessment; and 3. Integrating society and economics. These components will be combined to form an overarching economic model built on socio-environmental-technical (SET) system analysis of causal links and feedback structures and system dynamics. A simple prototype of such a model (WORLD) has already been built by the applicants and tested on historical data. Twelve Early Stage Researchers (ESRs) will be trained to obtain European Joint Doctorates at three universities: University of Iceland (Reykjavik, Iceland), Stockholm University (Sweden) and Universite Blaise Pascal, Clermont-Ferrand (France). The ESRs will have secondments in research institutes/NGOs/SMEs in Germany (GWS and Wuppertal Institute), UK (New Economics Foundation and Schumacher Institute) and Sweden (Swedish National Defense College). All of the ESRs will have a career plan and be trained in system analysis and system dynamics in addition to conventional and biophysical economic paradigms. They will be presented with aspects of resource availability, links between resources and wealth, the rise of new and/or rediscovered values and realization of our interdependent world, new development paradigms, political and industrial ecology, as well as science for sustainable society and transferable skills. AdaptEconII will train ESRs in new economic thinking and the goal is for them be at the forefront of innovative economic thinking in the EU and the world.

Fields of science (EuroSciVoc)

CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.

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Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

MSCA-ITN-EJD - European Joint Doctorates

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-MSCA-ITN-2015

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Coordinator

HASKOLI ISLANDS
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 1 076 581,44
Address
SAEMUNDARGOTU 2
101 Reykjavik
Iceland

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Region
Ísland Ísland Höfuðborgarsvæði
Activity type
Higher or Secondary Education Establishments
Links
Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 1 076 581,44

Participants (2)

Partners (5)

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