The New Economics party is a political party in New Zealand. It was founded in September 2011 and advocates fundamental reform of the tax system, away from taxing labour, sales and enterprise and towards taxing land and other resources. It wants to design an economy using the wisdom of nature – towards biomimicry in the political economy. It proposes a move away from bank-created money as interest-bearing debt towards money created by a public agency and spent into existence. The party favours a variety of complementary currencies. It wants a change to the tax system so that "you should pay for what you use or take but not for what you do or make". In other words, it wants to get rid of income tax, GST and company tax and replace it with a tax on the monopoly use of the commons. It also proposes an unconditional Citizens Dividend. They also want to reform a governance system replacing a hierarchical system with a distributed decision-making system.
The party ran a single candidate in the 2011 election: Laurence Boomert in Wellington Central. Boomert has previously stood for the Progressive Greens in 1996 and for the Greens in 1999.
Its co-founder was Deirdre Kent, author of Healthy Money Healthy Planet – Developing Sustainability through New Money Systems, 2005.
It did not stand any candidates at the 2014 election, with Boomert standing instead for the Money Free Party. The co-leader is Phil Stevens. They held a conference in Otaki in May 2015.