The aim of FEED is to make economics more relevant, less an excercise in mathematical technique for its own sake, and more able to deal with real-world problems. Since its foundation in 1990, and with the support of several of Europe's leading economists, FEED has funded research and education throughout Europe in broader and more relevant approaches to economics.
FEED believes in the value of pluralism and diversity in any science, where radically innovative ideas are encouraged, but they are tested by rigorous scrutiny and debate. Accordingly, FEED favours a greater pluralism of theoretical approaches within economics. The discipline should not be defined in terms of a set of favoured assumptions or techniques, but in terms of the use of rigorous scientific approaches to understand and explain economic phenomena.