Short-run policy For policy design, it is useful to distinguish conceptually between three time periods: (1) the short-run (primarily in the coming weeks), over which the supply of goods and services can be increased only by drawing down inventories, raising capacity utilization […]
What is to be done? To make progress recoupling our economic, political and social domains, we need to go back to basics and inquire how humanity has managed to perform massive acts of cooperation in the past. This is not the first time […]
We propose the G20 to support the mainstreaming of sustainable finance by providing a comprehensive conceptual vision, an evolving roadmap, operational coordination and forward guidance to the multiple actors involved as well as the problem-solving capacity to tackle the numerous obstacles that […]
This article is an invitation. It is an invitation to debate, challenge, supplement and evolve the content. But most of all, it is an invitation to recognize the need for fundamental systemic change to the manner in which our economies interact with […]
We launched the Madison Initiative to tackle the problem of democratic dysfunction, which we have addressed with a strategy focused on the practice of politics — looking for levers to reduce or mitigate the tribalism that prevents our elected officials from working […]
We believe that what is needed is a substantial effort to change the course of the tendencies of material decline of a large group of the population, the middle classes, through renewed efforts to provide them with opportunities to pre-empt or remedy […]
The Case for Saving Globalisation Globalisation – the increasing integration among countries and peoples via the movement of goods, services, capital, labour, images and ideas across borders – faces a widespread backlash of unprecedented ferocity today. Britain’s decision to leave the European […]
We live in an economically integrated, but socially fragmented world. The forces of globalization have made the citizens of most nations economically interdependent, while national boundaries keep them socially disconnected. Under these circumstances, economic progress can easily become decoupled from social progress. […]
The nature and purpose of an economy. It is useful to begin with a fairly fundamental question regarding the nature and purpose of an economy in the first instance – not least since this is often assumed in discussions and debates, and […]
COMMUNICATION FOR A MORE DIRECT RELATIONSHIP WITH CITIZENS: A new communication approach by Leaders is part of the solution, but the contents must also avoid technical discourse bubbling up from Ministerial meetings and Working Groups. Only then can citizens understand the proposed […]
A New Narrative What is needed is a new type of economy that is open, dynamic, and entrepreneurial while also being fair, locally rooted and where everybody feels valued. It needs to keep the best features of globalisation while directly addressing globalisation’s […]
Vision Although it usually requires a major, destructive war before states seek to create a new political-economic order, this is not a prerequisite. We are intelligent beings, and can start the process of creating a new world order without waiting for a […]
5 important steps for evidence-based policy design In principle, evidence-based policy design involves five important steps. Identify urgent policy problems. This is an obvious step, although the prioritization of problems that require policy redress is clearly open to debate even within government […]
Since the First Industrial Revolution, the development and wide adoption of new technologies have been the most significant contributors to both economic growth rates and increases in living standards. Prior to 1800, the average annual per capita growth rate in European countries […]