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Dear Colleague,

Welcome to our April newsletter.

We would like to draw your attention to the recent discussion between David Sloan Wilson and Dennis Snower, which has been published on the Evonomics website. This wide-ranging discussion draws on a longer paper, Rethinking the theoretical foundations of economics, which develops many of the issues we address in Rebuilding Macroeconomics.

We are also connected to the influential Global Solutions network, which supports the G7/G20, and which has just finished its summit on promoting social well-being within planetary boundaries. Henrietta Moore spoke at the session on Towards a New Understanding of Prosperity – Measuring and Reporting.

Another member of RM, Doyne Farmer, was interviewed recently for the New Yorker last month, in an article entitled: In a World on fire, stop burning things. Doyne is also co-author on an important recent paper published in PNAS on “How production networks amplify economics growth”, which takes a network approach to technology instead of treating it as an aggregate.

We also wish to highlight The New Economics of Innovation and Transition paper published by the Department of Business, Energy and Industrial Strategy (BEIS), which was presented and discussed at COP26. This was co-authored by our colleagues Michael Grubb, Doyne Farmer, and Jean-Francois Mercure, amongst others.

All these resources are linked to an agenda which we are developing on The Social Foundations of Climate Action, in conjunction with colleagues at the Institute for Global Prosperity, about which we hope to provide more details in the near future.

Finally, a reminder that our second annual Complexity in Macroeconomics Prize is now open, and that we are looking for entries that address practical decision making under conditions of partial ignorance – a scenario of ever-increasing relevance.

Please contact Richard at Richard.Arnold@ucl.ac.uk if you have any questions or suggestions.

Thank you and best wishes,
 

Angus Armstrong
Director, Rebuilding Macroeconomics




 




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