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About Carlos Joly

Carlos Joly is a Fellow at the Cambridge Institute for Sustainability Leadership, Cambridge University. He worked many years as a portfolio manager and is active as an investor. He pioneered the integration of environmental and social issues in institutional investment and in fiduciary duty, served as Chair of the Expert Group that drafted the UN Principles of Responsible Investment, and as advisor to leading French institutional investors. He learned philosophy at Harvard with Rawls, Quine, Putnam, Nozick and Cavell.

Carlos Joly

Open Letter To Siv Jensen, Minister Of Finance, Norway

by Carlos Joly on 9th October 2018

Norges Bank Investment Management has publicly asked the Ministry of Finance to be allowed to divest of oil and gas companies in Norway’s sovereign fund, aka GPFG or Petroleumsfondet, since all its capital comes from the Norwegian state’s exploitation of its oil and gas reserves. NBIM requires a political decision to do so. You’ve had […]

Carlos Joly

Are Money Matters Moral Matters? A Plea For ‘Yes’

by Carlos Joly on 11th July 2018

Money matters. Money in national budget allocations determines who gets health care, who gets educated, who gets unemployment cover, which industries and companies are favored, and whether the country goes to war. Obviously, national budget line items say much about a society’s moral beliefs, its governance and who wields real power. As the song says, […]

Carlos Joly

Why We Should Stop Talking About ‘Human Capital’

by Carlos Joly on 13th January 2016

The extent to which the world has become Orwellian is reflected in the widespread use of the term `human capital`, as if it were a humanizing concept, whereas it´s really a contradiction in terms. What is human about capital in the 21st century? Any attentive reader of Picketty, Sadler or Stiglitz gets my point. In […]

Carlos Joly

We Need A Tobin Tax To Help Refugees

by Carlos Joly on 20th May 2015

The tragedy of deaths at sea by refugees from the Middle East wars needs to be addressed resolutely. Europe cannot confront the problem with hesitant policies. Nor is it solely a European problem. The United States is necessarily involved, given its past and current presence in Middle East affairs. Half measures will not do the […]

Hans Böckler Stiftung Advertisement

The macroeconomic effects of the EU recovery and resilience facility

This policy brief analyses the macroeconomic effects of the EU's Recovery and Resilience Facility (RRF). We present the basics of the RRF and then use the macroeconometric multi-country model NiGEM to analyse the facility's macroeconomic effects. The simulations show, first, that if the funds are in fact used to finance additional public investment (as intended), public capital stocks throughout the EU will increase markedly during the time of the RRF. Secondly, in some especially hard-hit southern European countries, the RRF would offset a significant share of the output lost during the pandemic. Thirdly, as gains in GDP due to the RRF will be much stronger in (poorer) southern and eastern European countries, the RRF has the potential to reduce economic divergence. Finally, and in direct consequence of the increased GDP, the RRF will lead to lower public debt ratios—between 2.0 and 4.4 percentage points below baseline for southern European countries in 2023.


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ETUI advertisement

Benchmarking Working Europe 2020

A virus is haunting Europe. This year’s 20th anniversary issue of our flagship publication Benchmarking Working Europe brings to a growing audience of trade unionists, industrial relations specialists and policy-makers a warning: besides SARS-CoV-2, ‘austerity’ is the other nefarious agent from which workers, and Europe as a whole, need to be protected in the months and years ahead. Just as the scientific community appears on the verge of producing one or more effective and affordable vaccines that could generate widespread immunity against SARS-CoV-2, however, policy-makers, at both national and European levels, are now approaching this challenging juncture in a way that departs from the austerity-driven responses deployed a decade ago, in the aftermath of the previous crisis. It is particularly apt for the 20th anniversary issue of Benchmarking, a publication that has allowed the ETUI and the ETUC to contribute to key European debates, to set out our case for a socially responsive and ecologically sustainable road out of the Covid-19 crisis.


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Eurofound advertisement

Industrial relations: developments 2015-2019

Eurofound has monitored and analysed developments in industrial relations systems at EU level and in EU member states for over 40 years. This new flagship report provides an overview of developments in industrial relations and social dialogue in the years immediately prior to the Covid-19 outbreak. Findings are placed in the context of the key developments in EU policy affecting employment, working conditions and social policy, and linked to the work done by social partners—as well as public authorities—at European and national levels.


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Foundation for European Progressive Studies Advertisement

Read FEPS Covid Response Papers

In this moment, more than ever, policy-making requires support and ideas to design further responses that can meet the scale of the problem. FEPS contributes to this reflection with policy ideas, analysis of the different proposals and open reflections with the new FEPS Covid Response Papers series and the FEPS Covid Response Webinars. The latest FEPS Covid Response Paper by the Nobel laureate Joseph Stiglitz, 'Recovering from the pandemic: an appraisal of lessons learned', provides an overview of the failures and successes in dealing with Covid-19 and its economic aftermath. Among the authors: Lodewijk Asscher, László Andor, Estrella Durá, Daniela Gabor, Amandine Crespy, Alberto Botta, Francesco Corti, and many more.


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Social Europe Publishing book

The Brexit endgame is upon us: deal or no deal, the transition period will end on January 1st. With a pandemic raging, for those countries most affected by Brexit the end of the transition could not come at a worse time. Yet, might the UK's withdrawal be a blessing in disguise? With its biggest veto player gone, might the European Pillar of Social Rights take centre stage? This book brings together leading experts in European politics and policy to examine social citizenship rights across the European continent in the wake of Brexit. Will member states see an enhanced social Europe or a race to the bottom?

'This book correctly emphasises the need to place the future of social rights in Europe front and centre in the post-Brexit debate, to move on from the economistic bias that has obscured our vision of a progressive social Europe.' Michael D Higgins, president of Ireland


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