Economists have been vigorously debating the appropriate policies to address the COVID crisis. This debate has entailed policy responses to the pandemic which have significant economic impacts such as lockdowns as well as other direct economic interventions such as stimulus packages. While Economics has been successful in producing useful knowledge and research in a very short period of time, the COVID crisis has also revealed the shortcomings of current Economics from a broad social and policy perspective.
COVID is much more than an economic crisis, with deep social and human costs and consequences. In order to understand and address the COVID crisis and any future crises consequent upon COVID-like events, economists will be required to re-draw the disciplinary boundaries that conventionally demarcate the discipline of Economics from other scientific disciplines.
Leading economists Sam Bowles and Wendy Carlin will present on these issues. The presentation will be followed by discussants Danielle Allen, Luc Soete and Jayati Ghosh. The session will be moderated by sociologist, Craig Calhoun.
Arizona State University
Presentation: Economics and the pandemic – what will we have learned?
Santa Fe Institute
University College London
Danielle Susan Allen
Jawaharlal Nehru University
Photos: Sam Bowles (Me Judice, CC BY 3.0), Danielle Susan Allen (Harvard University), Luc Soete (EU2017EE Estonian Presidency, CC BY 2.0), Jayati Ghosh (UNCTAD, CC BY-SA 2.0)