Every year the CORE Project, the team behind the campaign to radically transformed economics education, asks teachers at the universities that use their free textbooks to survey their first-years about what they see as the key economic issues.
This year the top issue is inequality, as it has been since the starting polling in 2016. This year that was closely followed by Covid-19, climate change, and unemployment – reflecting the problems that they hope the economics profession can explain and solve. Note that the traditional obsessions of orthodox economists (inflation, equilibrium,supply/demand, inflation) are way down the list.
COREproduce word clouds for the aggregate conclusions from all 17 universities that took part as well as individual word clouds from the cohorts from North America, Europe and Asia. My blog summarising the findings can be found here
Phil was commissioned by the Atlantic Council, the US non-partisan thinktank, to produce a report ahead of the Group of 20 finance ministers and heads of leaders’ summit in 2020. the report was based on his in-depth interviews with 10 senior directors at the council as well as a large amount of background material and research.
The report was aimed to be a concise explanation of the issues that the politicians and their advisers would need to deal with and advice on how to ensure that the summits are a success at such a crucial time for the world’s economy, health security and long-term sustainability.
At its heart is the idea that the G20 is the only body with the clout to save the global economy and that only by focusing on cooperation and consensus combined with pragmatic leadership by the United States can it succeed in that mission. The link to the report is here.
Phil wrote a column for The Independent’s Voices section at the end of February urging the International Monetary Fund and World Bank to take up the leadership role that leaders such as Donald Trump and Boris Johnson had failed to play. The piece urged them to repeat the role that the IMF played in 2008 in the wake of the global financial crisis where it pulled together the leaders of the G20 countries to take action. Fortunately IMF head Kristalina Georgieva and World Bank head David Malpass did exactly that in early March.