The Institute for Philosophy and Social Theory (IFDT) is organizing a seminar with Joseph Stiglitz devoted to three interrelated topics: 

Measuring what matters: indicators of economic & social progress
Why GDP is a poor guide to policy and how a broader dashboard such as distribution of income, consumption and wealth (with a focus on the median), economic insecurity, health and education, the state of natural capital and subjective well-being, can better capture what really counts for people’s lives and be built into national accounts, fiscal rules and public reporting.

Progressive capitalism
How markets are shaped by rules, public goods and democratic institutions, and why innovation based on non-rival knowledge tends to produce spillovers that unregulated markets mismanage. The discussion will draw on People, Power, and Profits and The Road to Freedom to explore how competition policy, corporate governance, finance, intellectual property and industrial strategy can shift economies from rent extraction to capability building and broad-based prosperity.

Freedom, inequality & the good society
Building on Stiglitz’s recent work on freedom and inequality, we will examine how concentrated wealth and market power restrict people’s real freedom, even when formal rights exist, and what kinds of institutions are needed for a genuinely free and just society.

Discussants
Aleksandra Kanjuo Mrčela (Faculty of Social Sciences, University of Ljubljana; Institute for Economic Democracy)
Gordana Matković (Center for Social Policy; FEFA)
Sonja Avlijaš (Faculty of Economics, University of Belgrade)
Srđan Đurović (IFDT)
Sara Dragišić (IFDT)
Ivan Lakićević (IFDT)
Moderator: Bojana Radovanović (IFDT)

The event is organized in cooperation with the Institute for Economic Democracy of Serbia and the French Institute in Serbia.