Sovereign money goes under the spotlight at Vienna summer school programme

Participants in a Vienna-based economics summer school can gain insight into the emerging concept of sovereign money in an inspired, international setting.


Part of the content for the pioneering Alternative Economic and Monetary Systems programme (AEMS) focuses on sovereign money, providing an opportunity to debate the model among fellow participants and academics.

With all teaching and accompanying social activities carried out in English, AEMS is ideal for people from the UK and Ireland with an interest in a new wave of economic thinking, which offers an alternative to the current ‘boom and bust’ nature of the world order.

The two-and-a-half week-long course is run under a not-for profit arrangement and attracts a broad audience including undergraduate and post graduate students, as well as people with interests and careers in politics, philosophy, economics and finance.

The presence of distinguished academics, combined with the atmospheric setting of Vienna, high quality, innovative teaching, and the diversity of the students all create an outstanding experience for participants.

Last year 53 participants from 33 countries took part, collaborating, investigating and debating how economic, political, monetary and environmental factors need to be changed to be more sustainable.

The success of the programme saw AEMS secure Austria’s ‘Education for Sustainable Development’ award for its outstanding support related to sustainable development last year.

Günther Jedliczka, CEO of the OeAD-Housing Office, said: “Broadly speaking, sovereign money takes a more centralised approach to the issue of money in society to avoid future financial turbulence.

“It’s a concept which is gaining increasing recognition and the content of the AEMS programme means those taking part will be well informed on the debate.”

AEMS starts with a look at the economic and environmental issue of climate change.

From there, alternatives to the capitalist system, where profits still matter but factors such as life-work balance, ethics, sustainability and the environment count, are then explored.

The summer school also investigates how happiness and satisfaction are key drivers rather than material goods.

The AEMS summer school takes place from July 26 to August 11, 2017.

The summer school was initiated by the non-profit organization OeAD-Housing Office, which has its headquarters in Vienna. The programme has now grown to become a collaboration between a consortium of Austrian universities, together with technical colleges, experts and NGOs.

As part of the unique student experience, the OeAD-Housing Office – which won the Austrian Climate Protection Award in 2013 and the Environmental Award of the City of Vienna in March 2015 – is able to place students in its new, high-profile passive house student housing, giving those taking part have the opportunity to experience life in modern, sustainable environments.

The cost of the course is €1390. This price includes all social activities as well as accommodation in OeAD’s passive house student properties in Vienna. The cost also includes additional accommodation for participants of almost a week, enabling them to explore the city at leisure.

Students completing the AEMS summer school are awarded five ECTS points.

As well as AEMS, OeAD also runs the Green Building Solutions course (GBS), which brings together the latest thinking in sustainable construction. GBS takes place from July 22 to August 13, 2017.

More details about AEMS and GBS can be found at