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WWWforEurope Lecture Series


Financing the Future Welfare State

Dennis Meadows



September 9th, 2014, 13:15 – 15:00

WIFO, Quellenstraße 51-55, 1100 Vienna

Lecture Hall, 3rd Floor


"We witness worrisome trends for the sustainability of welfare states: The dependency ratio is increasing in the principal European nations, reliable returns on investments will never again reach the levels we saw in the 80s and 90s, and current labor force trends will soon end the period of economic growth. Thus welfare will not be achieved by finding ways to continue economic growth. Traditional models of social security are obsolete and will soon be bankrupt. It is urgent to begin designing radically different ways of ensuring welfare for the aged. Are there ways so that a society could take care of its aged without assuming ever-growing expenditures for that purpose?"


Dennis Meadows, professor emeritus of systems management at the University of New Hampshire, is co-author of the pioneering 1972 Club of Rome report "The Limits to Growth". He holds a PHD from MIT and was director of university research centers at three universities: MIT, Dartmouth College and University of New Hampshire. He worked indefatigably for a sustainable planet calling the public’s attention to the problem, e.g. via the 30-years-update to the Limits to Growth study or his engagement in the Balaton group. In 2009 he received the Japan Price for his work. Download the presentation

WWWforEurope Lecture Series: Dennis Meadows: Financing the Future Welfare State. from WIFO on Vimeo.

Commentary by Karl Aiginger, director of the Austrian Institute for Economic Research (WIFO), Professor of Economics at Vienna University of Economics and Business Administration, and coordinator of the WWWforEurope project.

WWWforEurope Lecture Series: Financing the Future Welfare State. Commentary by Karl Aiginger from WIFO on Vimeo.


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