A Call to Reimagine: “Restarting the Economy” and the Spirit of the Jubilee
From November 28-30, Castel Gandolfo will host “Restarting the Economy,” a global meeting initiated by The Economy of Francesco. This international event aims to fundamentally rethink economic principles, drawing inspiration from the biblical concept of the Jubilee – a time of renewal focused on social justice, environmental stewardship, and debt relief.
The gathering arrives at a moment demanding a re-evaluation of our economic systems. Beyond customary metrics of growth, “Restarting the Economy” proposes a shift in outlook, viewing the economy not as an end in itself, but as a tool to serve human flourishing and planetary health. The ancient Jubilee, with its emphasis on pausing economic activity to forgive debts, liberate the vulnerable, and allow the land to recover, offers a powerful model for this reimagining.
Central to the event is the work of The Economy of Francesco, a global network launched in 2019 at the invitation of Pope Francis. This network unites young economists, entrepreneurs, and change-makers from across the globe, all dedicated to building a more equitable and sustainable economic future, rooted in practical, local initiatives.
“Restarting the Economy” will function not as a conventional conference, but as a collaborative laboratory for listening, dialog, and innovative thinking. Participants will explore three core themes: rest,liberation,and restoration. This exploration is driven by a vibrant community actively testing new economic models in their own communities.
Leading up to the event, members of The Economy of Francesco community will contribute a series of editorials to Vatican News, examining critical questions such as the future of work, the possibility of debt forgiveness, and the right of the Earth to ecological respite. These pieces will serve as exercises in economic discernment,exploring how the principles of the Jubilee can inform solutions to contemporary challenges – from ecological justice to labor dignity and responsible financial practices.
The initiative acknowledges that a single “perfect” economic system may not exist, but believes that intentional actions can steer economies towards greater justice. Ultimately,”Restarting the Economy” underscores a vital truth: pausing to reflect and re-evaluate isn’t a setback,but the essential first step towards making a conscious and transformative choice about the future we want to build.