Philosophy & Ethics

This research project shows what economists can learn from political philosophers in thinking about economic inequality while also investigating the philosophical significance of recent empirical work on inequality, within economics and elsewhere.

Can we learn something from philosophy students?

The current economic and financial crisis has given rise to a vigorous debate about the state of economics, and the training which graduate and undergraduates economics students are receiving. Importantly, among those arguing most strongly for a change in the way that young economists are trained are the ultimate employers of these students, in both the private and the public sector. Employers are increasingly complaining that young economists don’t understand how the financial system actually works, and are ill-prepared to think about appropriate policies at a time of crisis.

“You are now leaving the world as you know it.”

Friedrich von Hayek described the economist’s task as demonstrating how little we really know about what we imagine we can design

What happens when professionals lose touch with the people they’re supposed to serve?

what is economically correct must always be balanced with what is morally right.

Economic theories are powerful things, to be used and misused. Those who write economic theory and do economic policy need to be aware of the consequences of what they are doing.

Changing the incentives for how economists determine both the content of the subject and their approach to scientific research could increase the range of thinking in the profession

“Four men sat at a table. Raised sixty floors above the city, they did not speak loudly as one speaks from a height in the freedom of air and space; they kept their voices low, as befitted a cellar.”

In the wake of the 2008 financial crisis, many of our policy makers and top economists are still stumbling in the dark.

What is the purpose of economics?

What happens when there’s no leader in the global economy?

Can economics be morally centered? And perhaps more importantly, should it be?

The World Economic Roundtable seeks to help the business, investment, and policy communities understand ongoing changes in the world economy and to promote a discussion of ideas that can advance the goal of a widely shared global prosperity.