Building a New Social Contract for a New Economy
Starting in the 1970s in the US and the 1980s in many Western countries the macroeconomic performance of economies and the lived economic experience of large numbers of citizens de-coupled. In this talk I will argue that this “great de-coupling” led to a breaking of the social contract which in turn has led to psychological reactions that have fed the rise of voter anger and populism. I will explore hypotheses on the causes of this great de-coupling, what aspects of the social contract broke, and how a new contract might be re-constructed. I will close by discussing the urgency of accelerating institutional innovation and constructing a new social contract that is robust to accelerating technology change.
Date: 11 October 2018, 15:00 (Thursday, 1st week, Michaelmas 2018)
Venue: Eagle House, Walton Well Road OX2 6ED
Venue Details: Ground Floor meeting room
Speaker: Prof Eric Beinhocker (INET Oxford Executive Director)
Organising department: Institute for New Economic Thinking
Organiser: Susan Mousley (INET Oxford Admin Team)
Organiser contact email address:
Part of: INET Oxford Researcher Seminars
Booking required?: Not required
Audience: Members of the University only
Editor: Susan Mousley