Dublin Core
Title
The London Consensus: Economic Principles for the 21st Century
Creator
Tim Besley, Irene Bucelli, Andrés Velasco,
Description
A generation ago, the so-called Washington Consensus laid out a series of dos and don’ts for policymakers around the world. Today, that vision is recognized as having fallen short in a number of ways—particularly in its neglect of the social and institutional factors that are indispensable for achieving sustained growth and for building fairer and more cohesive societies.
The immense challenges humanity faces are easy to list: climate change, pandemics, social inequalities, the far-reaching effects of the tech revolution and AI, a fragmenting world economy, and a wave of populism and political polarization that has undermined support for liberal democracy in many countries. It is much harder to identify a set of new ideas—and policies—that will solve these seemingly intractable global problems.
In this new world, political leaders and policymakers need guidance and principles that can assist when choosing among policy alternatives. To this end, the editors of this volume convened over 50 of the world’s leading economists and policy experts at the London School of Economics and Political Science (LSE). The London Consensus: Economic Principles for the 21st Century is the result of these exchanges. It is not intended as a one-size-fits-all set of economic remedies but an exercise in assembling the best available evidence and ideas to foster dialogue and ultimately to develop a set of principles that can address the urgent political, social, and economic tasks ahead.
The immense challenges humanity faces are easy to list: climate change, pandemics, social inequalities, the far-reaching effects of the tech revolution and AI, a fragmenting world economy, and a wave of populism and political polarization that has undermined support for liberal democracy in many countries. It is much harder to identify a set of new ideas—and policies—that will solve these seemingly intractable global problems.
In this new world, political leaders and policymakers need guidance and principles that can assist when choosing among policy alternatives. To this end, the editors of this volume convened over 50 of the world’s leading economists and policy experts at the London School of Economics and Political Science (LSE). The London Consensus: Economic Principles for the 21st Century is the result of these exchanges. It is not intended as a one-size-fits-all set of economic remedies but an exercise in assembling the best available evidence and ideas to foster dialogue and ultimately to develop a set of principles that can address the urgent political, social, and economic tasks ahead.
Subject
Economics
Publisher
LSE Press
Date
2025
Format
PDF
Rights
This work is licensed under the Creative Commons Attribution-Non
Commercial 4.0 International (CC BY-NC 4.0) Licence
Commercial 4.0 International (CC BY-NC 4.0) Licence
Language
English
Type
Text