Behind frustrating, unnecessary problems like vaccine hesitancy lies a broader crisis of trust. The solution, argues the director of the London School of Economics and Political Science, is to rethink the basic terms of the relationship between individuals, firms, civil society, and the state.
shows why confronting problems like COVID-19 will require a broader political overhaul.
With the rate of price increases in the United States and the eurozone currently at multi-decade highs, many argue that central bankers have been asleep at the switch. But is rapid monetary-policy tightening necessarily the most appropriate response to the current inflationary surge, and how can economists better anticipate the next one?