Part I Europe’s Present Condition: A DiagnosisCHAPTER 1 Introduction: From the Challenge of 2015 to the Shock of 2022CHAPTER 2 Europe’s 250-Year Project…CHAPTER 3 Triumphant Capitalism: Bold Assumptions of an Overconfident Age CHAPTER 4 Europe’s Confusion and ReorientationPart II Europe’s Mission: Developing Responsible CapitalismCHAPTER 5 The First Pillar of Renewal: Europe’s Ideals CHAPTER 6 The Second Pillar of Renewal: Inspiration from Revaluing Europe’s StoryCHAPTER 7 The Third Pillar of Renewal: Ideas about Economics CHAPTER 8 The Fourth Pillar of Renewal: Indicators and the New Art of MeasurementCHAPTER 9 The Fifth Pillar of Renewal: Institutions and the Multiactor ApproachCHAPTER 10The Flying Wheel of Responsible Innovation (A): the ‘Makers’ of a New Economy (Business, Finance, Consumers)CHAPTER 11 The Flying Wheel of Responsible Innovation (B): the ‘Embedders’ of a New Economy (Government, Nature, Community, Civil Society) CHAPTER 12 The Flying Wheel of Responsible Innovation (C): the ‘Critical Innovators’ of a New Economy (Media, Research and Education, Imaginative Reflection)Part III Europe’s New Position: Global Player for the Common GoodCHAPTER 13 A New World Order is EmergingCHAPTER 14 Europe’s Contribution in Tomorrow’s WorldCHAPTER 15 In Conclusion: Challenges and Recommendations for a Rejuvenated EuropeEPILOGUE: Towards an Economics of HopeCapitalism has gone astray. Today we face ecological exhaustion, persistent inequality, financialization, stress on communities, short-termism, and new power concentrations. An avalanche of new economic thinking and a reorientation of European values show the way toward a different economy. A new perspective is necessary if we want to implement the Sustainable Development Goals and if we consider our planet as ‘Our Common Home,’ for present and future generations. This book argues that European economies should be the initiators of a global transition toward a sustainable and inclusive world economy. Together, amid severe geopolitical and geoeconomic challenges, they need to develop their own perspective on what a good economy really is, in distinction to Chinese state capitalism and American big business capitalism. Crucially, this requires the rediscovery of key European values, a coherent view on responsible capitalism, and a new self-awareness as a global player for the Common Good in today’s and tomorrow’s world.