Reclaiming and reframing economics: Probing the educational potential

Abstract

Purpose. To consider the possibilities of educational potential in the reclaiming and reframing of the world economy. The authors paid special attention to the activities of the club of Rome, the examples of which the possibilities of educational potential for the reform of the world economy were revealed. methodology. As a theoretical and methodological basis of the study, the authors used the activities of the club of Rome, an authoritative political, scientific and financial organization, which considers the reclaiming and reframing economics to be one of the main objectives of its activities. The main methods of research are: methods of analysis and synthesis, comparative analysis, methods of expert assessments and scientific generalizations. Findings. The authors made a brief review of modern literature, which proves that the imperfection of the current economic system is the main cause of climate change, depletion of natural resources, as well as growing social inequality in society. By the example of the club of Rome, the authors proved that the reclaiming and reframing of the world economy should begin with education. Together with political, financial and scientific potentials, educational potential has had and continues having a powerful impact on the reclaiming and reframing of the world economy. The authors identified and proved two key opportunities of educational potential: 1. An opportunity to change the world Outlook on the economy on a social scale, i.e. to change the philosophy of the economy. 2. An opportunity to create a global youth network that has the power to rebuild and reform the economic system. Originality. The authors identified and proved two key opportunities of educational potential in the reclaiming and reframing of the world economy: 1. An opportunity to change the worldview of the economy on a social scale, i. e. to change the philosophy of the economy. 2. An opportunity to create a global youth network that has the power to rebuild and reform the economic system. Practical value. By the example of the projects of the club of Rome, the authors proved the effectiveness of the educational potential in the reclaiming and reframing of the world economy. The results of the research open the possibility of wide use of the experience of the club of Rome both for reforming the economic discipline in the educational system of Ukraine and for reforming the economy of Ukraine. The paper is intended for theoretical exploration and practical use of students, graduate students and teachers of Economics, as well as second persons interested in reforming the world economy and sustainable development of society.