In February 2011, the Center for Theory & Research hosted a conference titled Conscious Business. Initiated by Chairman Sam Yau, and co-designed with Jay Ogilvy and others, this series brings together progressive business leaders with systems thinkers and spiritual teachers to share their personal values and discuss the emergence of new business models that honor not only the shareholders, but other stakeholders as well: employees, customers, the community, and the environment.
After the 2008 near-collapse of the global financial system and the resultant economic recession, which few economists saw coming, the July 2009 edition of The Economist commented that: “Of all the economic bubbles that have been pricked, few have burst more spectacularly than the reputation of economics itself.” The standard model of the economy as a system with perfectly rational actors and perfectly functioning institutions that always arrives at an optimal equilibrium is being increasingly called into question. There is a growing drive to create a more realistic view of the economy that allows for real human behavior, real world institutions, and complex dynamics that lead to booms and busts. This invitation-only conference will discuss the new "complexity economics" and how it might evolve.