News
December 02, 2025
What Can Economists Agree on These Days?
A new book, “The London Consensus,” offers a framework for rethinking economic policy in a fractured age of inequality, populism, and political crisis.
**What Can Economists Agree on These Days?**
In an era defined by stark economic inequalities, the rise of populism, and persistent political crises, finding common ground on economic policy seems like an increasingly difficult task. But a new book, “The London Consensus,” offers a glimmer of hope, suggesting a framework for rethinking how we approach economic challenges in this fractured age.
The book doesn't promise easy answers, but it does aim to identify areas where economists, often perceived as being at odds with each other, can actually agree. This is particularly crucial now, as the global economy faces numerous headwinds, from inflation and supply chain disruptions to the long-term impacts of the pandemic and climate change.
The core idea behind "The London Consensus" is to move beyond rigid ideological positions and focus on practical solutions based on sound economic principles. It acknowledges that the economic landscape has shifted dramatically in recent decades, rendering some traditional approaches obsolete. The authors argue for a more nuanced understanding of the complexities of modern economies, recognizing that one-size-fits-all solutions are rarely effective.
Instead of prescribing specific policies, the book provides a framework for analyzing different economic challenges and evaluating potential solutions. This framework emphasizes the importance of evidence-based policymaking, rigorous analysis, and a willingness to adapt to changing circumstances. It also stresses the need for greater collaboration between economists from different schools of thought, fostering a more constructive dialogue about the future of the global economy.
While the details of the framework are complex, the underlying message is simple: in a world facing unprecedented challenges, economists need to find common ground and work together to develop effective and sustainable economic policies. "The London Consensus" offers a starting point for this crucial conversation, providing a roadmap for navigating the complexities of the 21st-century economy and building a more equitable and prosperous future for all. It remains to be seen whether this framework will gain traction, but the need for a new approach to economic policymaking is undeniable.
In an era defined by stark economic inequalities, the rise of populism, and persistent political crises, finding common ground on economic policy seems like an increasingly difficult task. But a new book, “The London Consensus,” offers a glimmer of hope, suggesting a framework for rethinking how we approach economic challenges in this fractured age.
The book doesn't promise easy answers, but it does aim to identify areas where economists, often perceived as being at odds with each other, can actually agree. This is particularly crucial now, as the global economy faces numerous headwinds, from inflation and supply chain disruptions to the long-term impacts of the pandemic and climate change.
The core idea behind "The London Consensus" is to move beyond rigid ideological positions and focus on practical solutions based on sound economic principles. It acknowledges that the economic landscape has shifted dramatically in recent decades, rendering some traditional approaches obsolete. The authors argue for a more nuanced understanding of the complexities of modern economies, recognizing that one-size-fits-all solutions are rarely effective.
Instead of prescribing specific policies, the book provides a framework for analyzing different economic challenges and evaluating potential solutions. This framework emphasizes the importance of evidence-based policymaking, rigorous analysis, and a willingness to adapt to changing circumstances. It also stresses the need for greater collaboration between economists from different schools of thought, fostering a more constructive dialogue about the future of the global economy.
While the details of the framework are complex, the underlying message is simple: in a world facing unprecedented challenges, economists need to find common ground and work together to develop effective and sustainable economic policies. "The London Consensus" offers a starting point for this crucial conversation, providing a roadmap for navigating the complexities of the 21st-century economy and building a more equitable and prosperous future for all. It remains to be seen whether this framework will gain traction, but the need for a new approach to economic policymaking is undeniable.
Category:
Politics