• 8 January 2019


  • Don Bosco Auditorium, University of St. Joseph, Macau (Ilha Verde Campus)

Cooperation Partner:

  • University of Saint Joseph


  • 18:30 to 20:15


  • Free


  • English


  • Macao Foundation (澳門基金會)



Professor Bruno S. Frey

Bruno S. Frey is Permanent Visiting Professor of Economics at the University of Basel; he was formerly Professor at the Universities of Zürich, Konstanz and Warwick. He was a Visiting Research Professor at the University of Chicago. He received five honorary doctorates in five different European countries. He is the author of 20 books and more than 500 scholarly articles. The most recent books are “Inspiring Economics. Human Motivation in Political Economy” (2001); “Honours versus Money. The Economics of Awards” (2017, with Jana Gallus); “Economics of Happiness” (2018).


Margit Osterloh

Margit Osterloh is Professor (em.) of Business Administration at the University Zürich, she is now Permanent Visiting Professor at the University of Basel. She received an honorary doctorate from the University of Lüneburg. She is author/co-author of seven books and 200 scholarly articles. Her recent research fields are migration, aleatoric democracy, and gender policy.



Andrew So

Andrew So has retired as the Ombudsman of Hong Kong in 1999 and has been active as a volunteer in promoting credit unions, human values, Business Ethics. He served for 10 years as the Honorary Chief Administrator of the Hong Kong International Institute of Education Leadership (HKIIEL) promoting Human Values and the Honorary General Secretary of the Association of International Business Ethics (AIBE). He is the Founding President of the Asian Confederation of Credit Unions and has served on its Board from 1971 to 1981.


Large-scale migration is one of the most topical issues of our time. There are two main problems. First, millions of persons will enter Europe in the short and middle run in spite of the firewalls we have built. Second, the present integration policy in most European countries is deficient. In contrast to common knowledge, strong social benefits for migrants, multicultural policies and fast naturalization do not further integration.

To address these two problems, we propose a procedure that takes into account that most migrants react to incentives in a rational way. Migrants in our countries are joining a cooperative and take advantage of many collective goods and social institutions the citizens of the immigration countries have provided. Migrants (but not refugees) should pay an entry fee to join the cooperative. This proposal has positive consequences for both the countries of immigration and of origin, as well as for actual and would-be migrants.