Two-circuit economics: the future of economics

This free online seminar introduces two-circuit economics, a framework discovered by Bernard Lonergan and presented here as an optimistic way of understanding how economies function and how economic transformation can support a just sharing of the world's natural resources. The session is designed as an accessible introduction rather than a specialist economics lecture.

It explains the idea of two distinct circuits of production — a basic circuit and a surplus circuit — and shows how this structure is said to operate in economies at every level, from local firms to national and international systems. It is aimed at anyone interested in better understanding economics and its role in society.