The ongoing global financial crisis shows clearly just how vulnerable economic systems are to human behavior, particularly to corruption and greed. This strongly suggests that other qualities, such as empathy, prosocial motivation, altruism and compassion may play an essential role in our increasingly competitive global economic system. But can we really imagine an economic system that delivers prosperity and welfare, or is competition an unavoidable consequence of the human race? How can we, as individuals, help form a society that is both productive and resolves actual societal and environmental problems? What have the sciences to contribute - if anything at all? By bringing together some of the world’s leading minds, the Mind and Life XX Conference highlights the benefits and limitations of altruism and compassion in economic systems. This is a unique opportunity to follow a high-level, interdisciplinary exchange of scientists and economists focusing both on individual thinking and the structure of economic systems. More…

Source: Mind and Life International