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Cogs and Monsters: How economics needs to adapt to solve the world’s crisis

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Digital technology, big data, machine learning and AI are revolutionizing both the tools of economics and the phenomena it seeks to measure, understand, and shape. The profession faces enormous challenges and opportunities in responding effectively to these dizzying changes and in helping policymakers solve the world’s crises – from steering the Covid recovery and tackling inequality, to strengthening growth and addressing the climate emergency.

How should the theories, tools and techniques of economics adapt to better understand the nature of modern digital economies? And with the UK facing a decisive decade of economic change, how can the profession influence the policies and strategies needed to navigate this shift?

At the launch of her new book, Cogs and Monsters: What Economics Is, and What It Should Be, Professor Diane Coyle is joined by Professor Sir Tim Besley to discuss how economics can adapt to digital technologies, and realise its potential to play a hugely positive role in the twenty-first century.

This event is hosted by the Resolution Foundation.

Guest speakers

Professor Sir Tim Besley is School Professor of Economics of Political Science and W. Arthur Lewis Professor of Development Economics in the Department of Economics at LSE.  He is also a member of the National Infrastructure Commission and, for 2018, is President of the Econometric Society.  He is a Fellow of the Econometric Society and British Academy.  He is also a Foreign Honorary Member of the American Economic Association and the American Academy of Arts and Sciences. More>>>

Professor Diane Coyle CBE is the Bennett Professor of Public Policy at the University of Cambridge. Diane co-directs the Bennett Institute where she heads research under the themes of progress and productivity. Diane is also a Director of the Productivity Institute, a Fellow of the Office for National Statistics, an expert adviser to the National Infrastructure Commission, and Senior Independent Member of the ESRC Council. More>>>
Twitter @DianeCoyle1859 

Gavin Kelly is Chair of the Resolution Foundation. He was Chief Executive of Resolution Foundation (2010-15) and before this worked in No 10 Downing Street as Deputy Chief of Staff. Gavin is also Chair of the Living Wage Commission, Chair of the Timewise Innovation Unit for Flexible Work and board member of Political Quarterly and Prospect magazine. Twitter @GavinJKelly1

#CogsAndMonsters #PUPEconomics

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