Post-Neoliberal Economics
Blog Post, Paper
Progressing Beyond GDP: Towards a Multidimensional Livings Standards Index and Integrated Headline Measure of Gross National Sustainable Development
How best to supplant or “dethrone” GDP alone as the paramount measure of national economic performance and international development standing? A new paper by a group of UN-affiliated economists, of which I am lead author, makes a concrete suggestion regarding this ultimate, high-ambition purpose of "Beyond GDP" reform. It comes as intergovernmental negotiations are due to begin later in the year on this complex topic following the issuance of a report by a High-Level Expert Group.
Article, Blog Post, Official Document
The macroeconomic payoff from investment in universal economic and social human rights
Evidence is accumulating that the GDP and even tax revenue multipliers of increased public investment in the material sufficiency, agency and dignity of people underpinned by human rights are often strongly positive over 5 to 10 years. The budgeting and borrowing practices of governments and international financial institutions need to catch up and treat investment in social infrastructure, such as social protection systems, more like that in physical infrastructure, i.e., scored dynamically and partially amortized over a medium to long term budgetary window.
Video
Jobs4Development: The Human Centered Economy
J-PAL, Youtube
Book presentation and discussion at annual Jobs for Development conference sponsored by World Bank and ILO, moderated by South African labor economist Haroon Bhorat. Cairo, October 2024.
Blog Post, Podcast
Podcast with Lord Robert Skidelsky: How can macroeconomics answer the call for greater social justice?
A podcast discussion with Lord Robert Skidelsky, the eminent economic historian and macroeconomist. Audio only.
Presentation/Infographic
Towards a Bretton Woods-like reinvention of the international economic architecture for the 21st century
Int'l Labour Organization (ILO)
Presentation supporting remarks on reform of the international financial architecture at a conference in Hangzhou, China marking the 80th anniversary of the Bretton Woods conference that created the IMF and World Bank. Organized by Tsinghua University Peoples Bank of China School of Finance and the Reinventing Bretton Woods Committee, May 2024.
Video
Book event at Geneva Graduate Institute of International and Development Studies and its Thinking Ahead on Societal Change (TASC) Platform
Overview presentation and discussion of Human-Centred Economics: The Living Standards of Nations with Professor Cedric Dupont, former Swiss WTO Ambassador Didier Chambovey and wider Geneva community.
Blog Post
Adam Smith was a heterodox economist by modern standards
The modern pedagogy of Economics betrays the more balanced and socially-embedded model of economic growth and development framed by the field's most influential original theorists and codifiers in their 18th and 19th century treatises. See Chapter 3 of Human-Centred Economics: The Living Standards of Nations.
Video
Book Presentation | HUMAN-CENTRED ECONOMICS: The Living Standards of Nations | by Richard Samans
ILO, Youtube
Launch presentation and discussion of book at International Labour Organization.
Video
Human-Centred Economics: The Living Standards of Nations
CSIS, Youtube
Extended video interview at the Center for Strategic and International Studies in Washington, DC on my newly published book, HUMAN-CENTERED ECONOMICS: The Living Standards of Nations.
Book
Human-Centred Economics: The Living Standards of Nations
Palgrave Macmillan, ILO
This book examines the chronic underperformance of economies with respect to inclusion, sustainability and human and systemic resilience. It proposes a reformulation of macroeconomic theory and policy to explicitly internalize the role of policies and institutions that enable them. Correcting the imbalance of emphasis in modern economic theory and policy between markets and institutions, production and distribution, and national income and household living standards is the single most important step required to transcend 20th century trickle-down “neoliberalism” and replace it with a more human-centred model of economic progress in the 21st century.