After the 2008 financial crisis, we learned the hard way what happens when governments flood the economy with unconditional liquidity, rather than laying the foundation for a sustainable and inclusive recovery.
Reforming the digital economy so that it serves collective ends is the defining economic challenge of our time.
After the 2008 global financial crisis, a consensus emerged that the public sector had a responsibility to intervene to bail out systemically important banks and stimulate economic growth. But that consensus proved short-lived, and soon the public sectorâs economic interventions came to be viewed as the main cause of the crisis, and thus needed to […]
The world is afflicted by problems that people experience in their daily lives: clean air in congested cities, a healthy and independent life in old age, access to digital technologies that improve public services, and treatment of diseases like cancer or obesity that continue to afflict millions of people across the globe. What is the […]
Discussions about building a green future tend to focus on the need to improve the generation of energy from renewable sources. But that is just the first step. Better mechanisms for storing and releasing that energy â when the sun isnât shining, the wind isnât blowing, or when electric cars are on the move â […]
The global agreement reached in Paris last week is actually the third climate agreement reached in the past month. The first happened at the end of November, when a group of billionaires led by Bill Gates, Mark Zuckerberg, and Jeff Bezos announced the creation of a $20 billion fund to back clean-energy research. On the […]
Seven economists (includingÂ Joseph Stiglitz, Thomas Piketty, and me) have agreed to becomeÂ economic advisers to Jeremy Corbyn, the new leader of the British Labour Party. I hope we will have a shared goal to help Labour shape an economic policy that is investment-led, inclusive, and sustainable. We will bring different ideas to the table, but these […]