Our country is situated in a profound process of change, just as our partners in nation-states around the world.  The world economy- and world financial crisis shows, along with the ever-widening gap between rich and poor, the worsening global nutritional situation of the poorest the climate change, that the conditions are no longer in balance. Things have to change.  This contains risks, but also opportunities.  Times of change have always been shaped most advantageously when a contemporary, motivating and linking vision and practical/pragmatic realizations have been intertwined.  Therefore, analysis, education and the mobilisation of targeted bipartisan expertise and dialogue are required. That is what the Senate of Economy, a new network, signifies.

In the Senate of Economy, solution-orientated individuals from the fields of economics, science, research, politics, civil society and media combine.  We are concerned with active cooperation.  We are here to promote change and be decisive. We are consultants for one another and for important political decision levels, from the local level to the international level.

We support the economy from the perspective of „Economics, we are all part of it.“  In this regard, we, as one, shape the net product system of Germany, which is embedded in the net product network of Europe and the whole world.  And the efficiency and the creativity potential of that net product network of Germany is determined by the quality of our governance structures, the education and motivation of the people, the state of development of infrastructure, the efficiency of capital stock, the protection of the resource bases, the efficiency and the stability of the financial system, our innovation structure and the inclusion in international net product networks.

Building upon academic evaluations, the Senate is undertaking a dual strategy.  We are dedicated to, from a worldwide perspective, always and now more than ever after the disastrous experiences within the world finance system, a better international and regulatory design, namely a worldwide, eco-social market economy that extends the best experiences of the European Union and increases its expansion process to the global level.   This particularly involves far stricter regulation of the financial sector, while at the same time being fit for the future. In this context, the Senate of Economy welcomes the strong role of the G20 in the formation of the prospective global finance and global economic processes.  A first step towards an improved global regulatory framework is a Global Marshall Plan.

Meanwhile, in Germany, we are working on intelligent and situational adaptations to global challenges.  It can only be successful in a common dialogue, wherein approaches are adopted that are in the interest of the wider common good.  All activities of the Senate are aimed towards that goal.  And in that regard, we see nothing less than the potential for a prospective global economic miracle towards which all humans around the world can participate, even the poorest.  With Muhammad Yunus, Nobel Peace Prize Laureate in 2006 and honorary president of our worldwide holding organisation – Senate of Economy International (SOEI) – , we share the belief that poverty on this planet can be vanquished and that enterprises and economy can and must play an important role in this.

We have the goal of shaping the future, together with our members.  We wish to contribute to making Germany and Europe sustainable and fit for the future. At the same time, we take a stand for a global eco-social market economy, orientated on principles of humanity and sustainability, and for improved configuration of global economic processes, especially in the financial sector.  Come one, come all – from the local to the global level-, if you share this philosophy.  Because: Economics, we are all part of it!

Dieter Härthe
Chairman of the Senate
 Prof. Dr. Dr. Franz-Josef Radermacher
Chairman of the political economic advisory committee to the Senate