The London Consensus: Economic Principles for the 21st Century

Irene Bucelli is Research Officer at the School of Public Policy and the Centre for Analysis of Social Exclusion at LSE. Her research focuses the relationship between multidimensional inequality and poverty, exploring both theoretically and empirically the interplay between different forms of disadvantage and their implications for policy. She coordinates the LSE Public Policy Review programme at the School of Public Policy and is managing editor of the LSE Public Policy Review journal.

Andrés Velasco is Professor of Public Policy and Dean of the School of Public Policy at LSE. Between 2006 and 2010 he served as Minister of Finance of Chile. He is also an Associate Fellow at Chatham House, the Royal Institute of International Affairs, and a Research Fellow at the Centre for Economic Policy Research (CEPR). In 2023–24 he served on the Task Force on Fiscal Policy for Health; during 2021–23 he was part of the High-Level Advisory Group to the IMF and the World Bank; in 2017–18 he was a member of the G20 Eminent Persons Group; during 2015–16 he co-chaired the Global Panel on the Future of the Multilateral Lending Institutions; in 2013–16 he was a member of the Global Oceans Commission. Before coming to LSE, he held professorial appointments at the Harvard Kennedy School, Columbia SIPA and the NYU Economics Department. His research has been published in leading academic journals including the American Economic Review, the Journal of Political Economy, the Quarterly Journal of Economics and the Journal of Economic Theory. In 2006 he received the Inter-American Development Bank Award for Excellence in Economic Research.

Philippe Aghion is a Professor at the College de France, Institut européen d’administration des affaires, the London School of Economics, and a fellow of the Econometric Society and of the American Academy of Arts and Sciences. His research focuses on the economics of growth. With Peter Howitt, he pioneered the so-called Schumpeterian growth paradigm, which was subsequently used to analyse the design of growth policies and the role of the state in the growth process. Much of this work is summarised in their joint book Endogenous Growth Theory (MIT Press, 1998) and The Economics of Growth (MIT Press, 2009), in his book with Rachel Griffith on Competition and Growth (MIT Press, 2006), and in his recent book The Power of Creative Destruction (Harvard University Press, 2021, joint with C. Antonin and S. Bunel). In 2001, Philippe Aghion received the Yrjö Jahnsson Award of the best European economist under age 45, in 2009 he received the John Von Neumann Award, and in March 2020 he shared the Banco Bilbao Vizcaya Argentaria Frontier of Knowledge Award with Peter Howitt for ‘developing an economic growth theory based on the innovation that emerges from the process of creative destruction’.

Matt Andrews is the Edward S. Mason Senior Lecturer in International Development at Harvard’s Kennedy School of Government. He is also the faculty director of the Building State Capability programme at Harvard, which is where he has developed – with a team – a policy and management method to address complex challenges. This method is called problem driven iterative adaptation (PDIA) and was developed through over a decade of applied action research work by Matt and his team. It is now used by practitioners across the globe.

Oriana Bandiera is the Sir Anthony Atkinson Professor of Economics at LSE, and an honorary foreign member of the American Economic Association, a fellow of the British Academy, the Econometric Society, CEPR, Bureau for Research and Economic Analysis of Development (BREAD), and the Institute of Labor Economics (IZA). She is director of the Hub for Equal Representation at LSE and of the Gender, Growth and Labour Markets in Low-Income Countries (G²LM|LIC) programme at the IZA. She serves on the council of the Econometric Society, on the board of the International Growth Centre (IGC) and of the Barcelona Graduate School of Economics. Her research has been awarded the IZA Young Labor Economist Prize (2008), the Carlo Alberto Medal (2011), the Ester Boserup Prize (2018), the Yrjö Jahnsson Award (2019), the Arrow Award (2021) and an Honorary Doctorate in Economics from the University of Munich (2021). At LSE she teaches the undergraduate Development Economics course, for which she won a Student Union Award in 2020.

Pranab Bardhan is Distinguished Professor Emeritus of Economics at University of California (UC), Berkeley. He had been at the faculty of Massachusetts Institute of Technology (MIT), Indian Statistical Institute and Delhi School of Economics before joining Berkeley. He has done theoretical and field studies research on rural institutions in poor countries, on the political economy of development policies, and on international trade. He is the author of 17 books and editor of 14 other books, and the author of more than 150 journal articles. A part of his work is in the interdisciplinary area of economics, political science and social anthropology. He was chief editor of the Journal of Development Economics for 1985–2003. He was the co-chair of the MacArthur Foundation-funded Network on the Effects of Inequality on Economic Performance for 1996–2007. His latest two books are A World of Insecurity: Democratic Disenchantment in Rich and Poor Countries (Harvard University Press, 2022) and a memoir titled Charaiveti: An Academic’s Global Journey (Harper Collins India, 2023).

Nicholas Barr is Professor of Public Economics at LSE, the author of numerous articles, and the author or editor of over 20 books, including The Economics of the Welfare State (6th edition, 2020), Financing Higher Education: Answers from the UK (with Iain Crawford, 2005), and Pension Reform: A Short Guide (with Peter Diamond, 2010, also in Spanish). The heart of his work is an exploration of how market failures both explain and justify the existence of welfare states. He is a member of the Editorial Board of the International Social Security Review and associate editor of CESifo Economic Studies, the Australian Economic Review and the Journal of the Economics of Ageing. Alongside academic writing is wide-ranging policy work, including spells at the World Bank and IMF, and as a member of the World Economic Forum’s Global Agenda Councils on Demographic Shifts and on Ageing Society. He has advised governments in post-communist countries, and in the UK, Australia, Chile, China, Hungary, New Zealand and South Africa. He was a member of a small group advising the government of China on pension reform, presenting their findings to the premier in 2004. In Chile he was a member of the Bravo Commission. He has also been active in the debate on higher education finance, and he and his colleague Iain Crawford have been described as the architects of the 2006 reforms in England.

Olivier Blanchard, senior fellow and former C. Fred Bergsten Senior Fellow at the Peterson Institute for International Economics, is the Robert M. Solow Professor of Economics emeritus at MIT. A citizen of France, Blanchard has spent most of his professional life in the United States. After obtaining his PhD in economics from MIT in 1977, he taught at Harvard University and returned to MIT in 1982. He was chair of the economics department from 1998 to 2003. In 2008, he took a leave of absence to serve as economic counsellor and director of the research department at the IMF, where he stayed until 2015. He then joined the Peterson Institute.

Timo Boppart is Professor at University of Zurich and Associate Professor at the Institute for International Economic Studies (IIES) Stockholm University. He is interested in macroeconomics, broadly defined with a special focus on growth, firm dynamics, development and labour supply. Boppart is an associate editor of Econometrica and Quantitative Economics, as well as on the editorial board of Review of Economics Studies.

Robin Burgess is a Professor of Economics, Co-Founder and Director of the IGC and Director of the Economics of Environment and Energy Research Programme, all at LSE. He is Co-Director (with Michael Greenstone) of the Coase Project on the Economics of Climate, Energy and Environment, was the past President of BREAD, serves on the board of VoxDev and Center for Effective Global Action and is an Affiliate of Abdul Latif Jameel Poverty Action Lab (J-PAL) and Yale Research Initiative on Innovation & Scale, a Research Fellow in CEPR and Center for Economic Studies and ifo Institute (CESifo) and a Fellow of the British Academy and the Econometric Society. His main interests are in the areas of environmental economics, development economics and political economy. He has published on a variety of topics – natural disasters, political accountability, mass media, deforestation and forest fires, access to electricity, renewable energy, marine protection zones, poverty traps, bureaucracy, youth unemployment, rural banks, land reform, labour regulation, industrial policy, taxation, poverty, and growth.

Pedro Carneiro is a Professor of Economics at University College London (UCL) and an economist in the Institute for Fiscal Studies (IFS) Centre for Microdata Methods and Practice (cemmap). His research interests include development economics, labour economics, the economics of education, and microeconometrics. In the past he has examined issues such as the returns to education, human capital policy, and labour regulation in developing countries. He has studied poverty and education programmes in several countries in Latin America, Africa, and Eastern Europe.

Joan Costa-i-Font is an academic and policy-oriented economist currently working as a Professor of Health Economics at LSE, where he co-leads the Ageing@LSE group. He is a faculty associate at the International Inequalities Institute, and LSE Health, where he leads the Ageing and Health Incentives Lab. He is affiliated with prominent global economics research networks including the IZA and CESifo and holds a PhD in Economics, yet has an interdisciplinary background, which includes undergraduate degrees in Law, Politics, and Sociology. He has authored numerous articles in leading journals covering debates in health and behavioural economics, as well as political economy, and general interest journals. He has authored and edited books for both Cambridge University Press and Oxford University Press, and he has held prestigious fellowships and visiting positions at Harvard University, Princeton University, and Columbia University, as well as Sciences Po Paris. He has served as a consultant for the World Bank, the European Commission, the World Health Organization (WHO), and the Inter-American Development Bank. In the UK, he has contributed to National Institute for Health and Care Research research committees, advised the Cabinet Office and various House of Lords committees, served on the scientific board of the LSE Press, some NHS Trusts, the Nuffield Council on Bioethics and the Ada Lovelace Institute, among others.

Diane Coyle is Bennett Professor of Public Policy at the University of Cambridge, and author of The Measure of Progress (Princeton University Press, 2025). She has served in many policy roles, most recently as an advisor to the Competition and Markets Authority and member of the UK Government’s New Towns Taskforce.

Ernesto Dal Bó is the Phillips Girgich Professor of Business and Public Policy at the Haas School of Business, UC, Berkeley. A political economist, he is interested in the origin and development of states, political selection, conflict, and democratic governance. He holds a DPhil in Economics from the University of Oxford, is the founding co-director of the Berkeley Center for Economics and Politics, a Research Associate at the National Bureau of Economic Research, and a member of the IGC and the J-PAL.

Ashwini Deshpande is Professor and Head at the Department of Economics, and Academic Director at the Centre for Economic Data and Analysis at Ashoka University, India. Her PhD and early publications were on the international debt crisis of the 1980s. Subsequently, she has been working on the economics of discrimination and affirmative action, with a focus on caste and gender in India. She has published extensively in leading scholarly journals. She is the author of Grammar of Caste: Economic Discrimination in Contemporary India, Oxford University Press, New Delhi, 2011 (Hardcover) and 2017 (Paperback), and Affirmative Action in India, Oxford University Press, New Delhi, Oxford India Short Introductions Series, 2013. She has edited several volumes, the latest of which is Handbook on Economics of Discrimination and Affirmative Action (Springer Major Reference Works, 2023). She is a Fellow of the International Economic Association (IEA). She received the EXIM Bank award for outstanding dissertation (now called the IERA Award) in 1994, the 2007 VKRV Rao Award for Indian economists under 45 and SKOCH Award for Gender Economics in 2022.

Tim Dobermann is the Director of Research for the IGC and a Research Fellow in Environmental Economics at LSE. His research focuses on how climate change impacts those in poverty and how energy sectors in developing countries can be made more effective. He has advised several governments in Asia and Africa on energy, public finance, and sustainable growth issues. He holds a PhD in Economics from LSE.

Dave Donaldson is the Class of 1949 Professor of Economics in the Economics Department at MIT. A native of Toronto, Canada, he obtained an undergraduate degree in Physics from Oxford University and a PhD in Economics from LSE. His research focuses on trade, both international and intranational, with applications in the fields of international economics, development economics, urban economics, economic history, environmental economics, and agricultural economics. He has studied, among other topics, the welfare and inequality effects of market integration, the impact of improvements in transportation infrastructure, how trade can mitigate and exacerbate the effects of climate change, and how economists can quantify market failures and the interventions (such as industrial policy) that attempt to fix them. He was awarded the 2017 John Bates Clark Medal as well as an Alfred P. Sloan Research Fellowship and several grants from the National Science Foundation. He has served as a co-editor at Econometrica and the American Economic Journal: Applied Economics, and is a fellow of the Econometric Society and a member of the American Academy of Arts and Sciences.

Francisco H. G. Ferreira is the Amartya Sen Professor of Inequality Studies and Director of the International Inequalities Institute at LSE. Francisco works on the measurement, causes, and consequences of inequality and poverty in developing countries. His work has been published widely and awarded various prizes. He is a Research Fellow of the IZA; an Affiliated Scholar with the Stone Center at City University of New York; a former President of the Latin American and Caribbean Economic Association and a former editorin-chief of the Journal of Economic Inequality. Prior to joining the faculty at LSE, he had a long career at the World Bank but also taught at Pontifical Catholic University of Rio de Janeiro (PUC-Rio) and at the Paris School of Economics. He was born in São Paulo, Brazil, and holds a PhD in Economics from LSE.

Pierre-Olivier Gourinchas is the Economic Counsellor and the Director of Research of the IMF. He is on leave from UC, Berkeley where he is the S.K. and Angela Chan Professor of Global Management in the Department of Economics and at the Haas School of Business. He was the editor-in-chief of the IMF Economic Review from its creation in 2009 to 2016, the managing editor of the Journal of International Economics between 2017 and 2019, and a co-editor of the American Economic Review between 2019 and 2022. He is on leave from the National Bureau of Economic Research, where he was director of the International Finance and Macroeconomics programme, a Research Fellow with the Centre for Economic Policy Research (CEPR) London and a Fellow of the Econometric Society. He is the laureate of the 2007 Bernácer Prize for best European economist working in macroeconomics and finance under the age of 40, and of the 2008 Prix du Meilleur Jeune Économiste for best French economist under the age of 40. He attended École Polytechnique and received his PhD in Economics in 1996 from MIT.

Pierre-Olivier Chryssi Giannitsarou is a Professor of Macroeconomics and Finance at the University of Cambridge. With postgraduate degrees from LSE and London Business School (LBS), her research spans a wide range of topics, such as financial decision-making, macroeconomic dynamics, economic networks, international finance, and she has been published in many leading economic journals. She is a fellow of King’s College Cambridge and a research fellow of the CEPRis the Economic Counsellor and the Director of Research of the IMF. He is on leave from UC, Berkeley where he is the S.K. and Angela Chan Professor of Global Management in the Department of Economics and at the Haas School of Business. He was the editor-in-chief of the IMF Economic Review from its creation in 2009 to 2016, the managing editor of the Journal of International Economics between 2017 and 2019, and a co-editor of the American Economic Review between 2019 and 2022. He is on leave from the National Bureau of Economic Research, where he was director of the International Finance and Macroeconomics programme, a Research Fellow with the Centre for Economic Policy Research (CEPR) London and a Fellow of the Econometric Society. He is the laureate of the 2007 Bernácer Prize for best European economist working in macroeconomics and finance under the age of 40, and of the 2008 Prix du Meilleur Jeune Économiste for best French economist under the age of 40. He attended École Polytechnique and received his PhD in Economics in 1996 from MIT.

Ricardo Hausmann is the founder and Director of Harvard’s Growth Lab and the Rafik Hariri Professor of the Practice of International Political Economy at HKS. His scholarly contributions have had a significant impact on the study and practice of economic growth policies. These include the development of the Growth Diagnostics and Economic Complexity methodologies, as well as several widely used economic concepts, such as Dark Matter, Original Sin, and Self-discovery and have been cited over 53,000 times. Since launching the Growth Lab in 2006, Hausmann has served as principal investigator for more than 50 research initiatives in over 30 countries, including the US, informing development policy, macroeconomic stabilisation, growth strategies and diversification agendas at the national, regional, and city levels. Before joining Harvard University, he served as the first Chief Economist of the Inter-American Development Bank (1994–2000), where he founded the Research Department. He has served as Minister of Planning of Venezuela (1992–93) and as a member of the Board of the Central Bank of Venezuela. He also served as Chair of the IMF-World Bank Development Committee. He was Professor of Economics at the Instituto de Estudios Superiores de Administración (1985–91) in Caracas, where he founded the Center for Public Policy. He holds a PhD in Economics from Cornell University.

Dan Honig is an Associate Professor at UCL’s Department of Political Science and Georgetown University’s McCourt School of Public Policy. His research focuses on the organisational bits of government’s role in enhancing citizens’ welfare – particularly organisational structure, bureaucrats’ motivation, and relations between citizens and state agents.

Paul Johnson has been Director of the IFS since 2011. He is a columnist for The Times, and is a regular contributor to other broadcast and print media. He is a Visiting Professor in the UCL Policy Lab and at the UCL Department of Economics. He was for 10 years a member of the UK Climate Change Committee, and has served on the council of the Economic and Social Research Council and of the RES. Paul led reviews of pension auto-enrolment and of inflation measurement for the UK Government, and of fiscal devolution for the Northern Ireland Executive. Previous roles have included time as chief economist at the Department for Education and as director of public spending at HM Treasury, where he also served as deputy head of the Government Economic Service. Paul published the Sunday Times bestseller Follow the Money in 2023. He was appointed CBE in the 2018 birthday honours.

Şebnem Kalemli-Özcan is Schreiber Family Professor of Economics at Brown University and the Director of the Global Linkages Lab. She is a Research Associate at the National Bureau of Economic Research (NBER) and a Research Fellow at the CEPR. Currently, she is the co-editor of American Economic Journal: Macroeconomics. She also serves at the economic advisory panels of the Federal Reserve Bank of New York and the Bank of International Settlements. Formerly, she was the Duisenberg Fellow at the European Central Bank, Lead Economist for the Middle East and North Africa Region of the World Bank, Houblon-Norman Fellow of Bank of England, Senior Policy Advisor at the IMF and the International Fellow of Council of Foreign Relations, where she is also an elected member. She is the first Turkish social scientist who has received the 2008 Marie Curie IRG prize aimed to reverse brain drain for her research on European financial integration. Her research focuses on the impact of global trade and financial linkages on economic fluctuations and growth.

Ravi Kanbur

Adnan Khan is a Professor in Practice at the LSE School of Public Policy, currently on secondment as Chief Economist to the Foreign, Commonwealth and Development Office of the UK. He has spent 30 years in the research and policy worlds – as a researcher, teacher, a catalyser of other people’s research, and as a practitioner and policymaker. His areas of interest include economic development, state capacity and fragility, political economy and taxation, and geoeconomics.

Margaret Levi is Emerita Professor of Political Science, Senior Fellow of Freeman Spogli Institute for International Studies, and faculty fellow and former Sara Miller McCune Director of the Center for Advanced Study in the Behavioral Sciences, Stanford University. She is co-director of the Stanford Ethics, Society, and Technology Initiatives. She is the winner of the 2019 Johan Skytte Prize and the 2020 Falling Walls Breakthrough. She has been elected to the National Academy of Sciences, the British Academy, the American Academy of Arts and Sciences, the American Philosophical Society, and the American Academy of Political and Social Sciences, and she served as president of the American Political Science Association (APSA). The most recent of her many books are In the Interest of Others (Princeton, 2013), co-authored with John Ahlquist, and A Moral Political Economy: Present, Past, Future (Cambridge University Press, 2021), co-authored with Federica Carugati. She writes about what makes for trustworthy governance in states and organisations and what evokes citizen compliance, consent, and dissent. She is currently engaged in projects to reconceptualise political equality, to reimagine property rights, and to develop a social science of care and caregiving.

Santiago Levy is currently a Senior Fellow at The Brookings Institution and member of the board of various development organisations. Before that, he was Vice-President at the Inter-American Development Bank, General Director of Mexico’s Social Security Institute, Deputy Minister at Mexico’s Ministry of Finance, and President of Mexico’s Federal Competition Commission. In academia, he was President of the Latin American and Caribbean Economic Association (LACEA), Associate Professor of Economics and Director of the Institute for Economic Development at Boston University, Visiting Researcher at Cambridge University and Professor of Economics at the Instituto Tecnológico Autónomo de México. At the Ministry of Finance, he was the main architect of Progresa-Oportunidades. At the Social Security Institute, he promoted legal changes to reform pensions and extend coverage to rural workers. He has published on social policy, informality, education, tax policy, trade and competition policy, and policies for poverty alleviation. He has received First Place, National Research Prize in Economics (Banco Nacional de México); First Place, Latin American Economics Prize (El Trimestre Económico); and Distinguished Alumni Award, Boston University. His current work focuses on the challenges of socially inclusive growth in Latin America.

Nora Lustig

Isabela Manelici joined the Department of Economics at LSE in the autumn of 2021 as an Assistant Professor. Isabela’s current research lies at the intersection of International Trade and Development Economics. A citizen of Romania, Isabela received her BA in Civil Engineering from École Nationale des Ponts et Chaussées (Paris), her MA in Economics and Finance from Centro de Estudios Monetarios y Financieros Madrid, and her PhD in Economics from UC, Berkeley in 2020. For the 2020–2021 academic year, Isabela Manelici was an International Economics Section Postdoctoral Research Associate in the Department of Economics at Princeton University. Prior to her graduate studies in Economics, she has worked as a Junior Professional Associate at the World Bank in Washington, DC.

Sir Michael Marmot has been Professor of Epidemiology at UCL since 1985, and is Director of the UCL Institute of Health Equity. He is the author of The Health Gap: The Challenge of an Unequal World (Bloomsbury, 2015), and Status Syndrome (Bloomsbury, 2004). Marmot is a Distinguished Visiting Professor at Chinese University of Hong Kong (CUHK) (2019–), and Co-Director of the CUHK Institute of Health Equity. He is the recipient of the WHO Global Hero Award; the Harvard Lown Professorship (2014–17); the Prince Mahidol Award for Public Health (2015), and 20 honorary doctorates. Marmot has led research groups on health inequalities for nearly 50 years. He chaired the WHO Commission on Social Determinants of Health, several WHO Regional Commissions, and reviews on tackling health inequality for governments in the UK. He served as President of the British Medical Association in 2010–11, and as President of the World Medical Association in 2015. He is President of Asthma + Lung UK. He is a Fellow of the Academy of Medical Sciences and Honorary Fellow of the American College of Epidemiology and of the Faculty of Public Health; an Honorary Fellow of the British Academy; and of the Royal Colleges of Obstetrics and Gynaecology, Psychiatry, Paediatrics and Child Health, and General Practitioners. He is an elected member of the US National Academy of Medicine (NAM), the National Academy of Medicine of Mexico and the Brazilian Academy of Medicine. He was knighted by Queen Elizabeth II, for services to epidemiology and the understanding of health inequalities. He was appointed a Companion of Honour in recognition of his services to public health in the King’s 2023 New Year Honours.

Alistair McGuire is Head of Department and Chair of Health Economics at the Department of Health Policy. Prior to this he was Professor of Economics at City University, London, after being a tutor in Economics at the University of Oxford. McGuire has also been a Visiting Professor at Harvard University, the University of Sydney, the University of York, and the Universitat Pompeu Fabra, Barcelona. He has acted as an advisor to a number of governments and governmental bodies, including the UK Government, the UK Competition Commission, the UK Medical Research Council, the German Institut fur Qualität Wirtschaftlichkeit im Gesundheitswesen, as well as for a number of international bodies (including the World Bank, the WHO, and the IMF) and pharmaceutical and healthcare insurance companies.

Joana Naritomi is an Associate Professor and the Academic Director of the LSE School of Public Policy. She is a Research Affiliate in BREAD, the CEPR Public Economics and Development Economics programmes, STICERD Public Economics, IFS, IGC, and a J-PAL Latin America and the Caribbean Invited Researcher. Her research lies at the intersection of Public Economics and Development Economics, focusing on taxation, social protection, and state capacity

Chukwumerije Okereke is Professor of Global Climate Governance and Public Policy at the School of Policy Studies at the University of Bristol. He is a Visiting Professor at LSE and Co-Director of the Center for Climate Change and Development (CCD) in Alex Ekuweme Federal University, Nigeria. He was formerly Co-Director of the Centre for Climate and Justice and of the Leverhulme Doctoral Scholarship Programme, both at the University of Reading. He was also previously Director of the Centre for Climate Change and Development at the Smith School of Enterprise and the Environment at the University of Oxford. A globally recognised leading scholar on global climate governance and international development, Okereke was the Coordinating Lead Author of the UN’s Intergovernmental Panel on Climate Change Sixth Assessment Report, Working Group 3.

Torsten Persson is a Swedish Research Council Distinguished Professor at the IIES, Stockholm University, and a Centennial Professor at LSE. His research often involves issues at the boundary between economics and other fields, mostly political science but also other social and medical sciences. Persson has experience of evaluating policies in deep crises – he was part of Sweden’s Economics Commission in the early 1990s and its Corona Commission in the early 2020s. He has served as the President of the Econometric Society and the EEA, and is currently a member of the European Research Council’s Scientific Council.

Barbara Petrongolo is a Professor of Economics at the University of Oxford and a Professorial Fellow at Nuffield College. She is Fellow of the British Academy, Director of the CEPR Labour Economics Programme, and Research Associate at the Centre for Economic Performance of LSE. She previously held positions at Queen Mary University of London, LSE, the Paris School of Economics and the University of Carlos III (Madrid). Her primary research interests are in labour economics. She has worked extensively on the performance of labour markets with job search frictions, with applications to unemployment dynamics, welfare policy, and monopsony. Her work also researches the causes of gender inequalities in labour market outcomes, in a historical perspective and across countries, with emphasis on the role of employment selection mechanisms, structural transformation, and parenthood

Jean Pisani-Ferry is a Senior Fellow at Bruegel, the European think tank, and a Non-Resident Senior Fellow at the Peterson Institute (Washington, DC). He sits on the supervisory board of the French Caisse des Dépôts and serves as non-executive chair of I4CE, the French Institute for Climate Economics. He served from 2013 to 2016 as Commissioner-General of France Stratégie, the ideas lab of the French government.

Sir Christopher Pissarides is the Regius Professor of Economics at LSE, the Professor of European Studies at the University of Cyprus and the co-chair of the Institute for the Future of Work. He specialises in the economics of labour markets, economic growth, and structural change, especially as they relate to market imperfections, where his work has been internationally influential. He has recently worked extensively on the employment implications of automation and artificial intelligence for the future of work. In 2010 Sir Christopher was awarded the Nobel Prize for his work on the labour market, sharing it with Dale Mortensen of Northwestern University and Peter Diamond of MIT. He has since been honoured with several other awards, prizes, and society fellowships. He was knighted by Queen Elizabeth II in 2013.

Lant Pritchett is a development economist from Idaho. He graduated from Brigham Young University in 1983 and received his PhD in Economics from MIT in 1988. He worked for the World Bank from 1988 to 2007, living in Indonesia 1998–2000 and India 2004–07. He taught at the HKS from 2000 to 2019, and from 2018 to 2023 he was the Research Director of the Research on Improving Systems of Education Programme at Oxford’s Blavatnik School of Government. He is currently a Visiting Professor at LSE in the School of Public Policy and the co-founder and Research Director of Labor Mobility Partnerships. His work spans a range of development topics including basic education, economic growth, state capability, labour mobility, development assistance (and more).

Carol Propper is Professor of Economics at Imperial College. Her research focuses on the impact of incentives on the quality of healthcare delivery and health system productivity and, more widely, on the design and consequences of incentives within the public sector and the boundary between the state and private markets. She was made a Dame in the 2021 New Year’s Honours in recognition of her public services to health and economics. She is a Fellow of the British Academy, an International Fellow of the NAM and Fellow of the Association for Social Sciences and a Life-Vice President of the RES. Carol is currently a non-executive director of the UK Statistics Authority and was a member of the Prime Minister’s Council of Science and Technology 2023–24. She was Associate Dean for Faculty and Research at Imperial Business School 2016–19, Co-Director and Director of the Centre for Market and Public Organisation at the University of Bristol 1998–2009 and Co-Director of the Centre for the Analysis of Social Exclusion at London School of Economics 1997–2007. From 2016 to 2023 she was Deputy Editor of VoxEU.

Danny Quah is Li Ka Shing Professor in Economics, National University of Singapore. He works on world order, economic growth and development, and inequality and income mobility. In his research on world order, Quah analyses the supply and demand of international systems, contrasting the goals of the Great Powers and the needs of the global community. Quah’s work on income mobility challenges conventional narratives on inequality, highlighting the broad diversity of economic experiences across nations. Through academic research, public commentary, and as a member of World Bank President’s Economic Advisory Panel and other public commissions, as well as in advisory roles at WEF, United Nations Development Programme, government agencies and ministries, and elsewhere, Quah seeks to help shape global economic and geopolitical discourse. He is the author of ‘The Global Economy’s Shifting Centre of Gravity’ (2011) in the journal Global Policy.

Ricardo Reis is the A.W. Phillips Professor of Economics at LSE. He was elected a Fellow of the British Academy, the Academia de Ciências de Lisboa, and the Econometric Society. Recent honours include the 2022 Carl Menger prize, the 2021 Yrjö Jahnsson Award, the Banque de France and the Toulouse School of Economics 2017 BdF/TSE junior prize, and the 2016 Bernácer prize. Reis is an academic consultant at the Bank of England, the Riksbank, the Federal Reserve Bank of Richmond, and the European Stability Mechanism. He directs the Centre for Macroeconomics at LSE, and he serves on the council and is an advisor of multiple organisations. He has published widely on macroeconomics, including both monetary and fiscal policy, inflation, and business cycles. Reis received his PhD from Harvard University, and was previously on the faculties at Columbia University and Princeton University.

Hélène Rey OBE, FBA is Lord Bagri Professor of Economics at London Business School. Formerly, she was Professor of Economics at Princeton University. Her research focuses on external imbalances, monetary policy and the financial sector, and the international monetary system. She introduced the idea of a global financial cycle and qualified the idea of the Mundellian Trilemma. She received numerous prizes including the Bernácer Prize, the Yrjö Jahnsson Award and the inaugural Birgit Grodal and Carl Menger Awards. She is a Fellow of the Econometric Society, a Foreign Member of the American Academy of Arts and Sciences and Foreign Honorary Member of the American Economic Association. She is an editor of the Annual Review of Economics and a vice president of CEPR. She is a member of the Bellagio Group, the Group of Thirty and of the external advisory group to the managing director of the IMF. She is on the Board of the Haut Conseil de Stabilité Financière. She is elected President of the EEA.

Elizabeth Robinson is Professor of Environmental Economics in the Department of Geography and Environment, and is currently Acting Dean of LSE and Political Science’s Global School of Sustainability, seconded from her role as Director of the Grantham Research Institute on Climate Change and the Environment. Her research focuses on climate change and health, particularly food security and undernutrition, and heat and worker rights. She was on the UK Defra Economic Advisory Panel for five years; Specialist Advisor to the UK House of Lords Select Committee on Food, Poverty, Health, and Environment; Working Group 1 lead for the Lancet Countdown on Health and Climate Change from 2016 to 2024; and is currently Chair of the Economics Advisory Group for CCRA4 for the UK’s Climate Change Committee, and is on the Scientific Committee of the Regenerative Society Foundation. Elizabeth previously worked at the University of Reading, the University of Oxford as a Lecturer in the Economics Department and Tutorial Fellow at St Hugh’s College, the Boston Consulting Group, the World Bank, Rockefeller Foundation, and Natural Resources Institute. She has a first class degree in Engineering, Economics, and Management from Oxford University, and a PhD in Applied Economics from Stanford University.

Dani Rodrik is Ford Foundation Professor of International Political Economy at the HKS. He has published widely in the areas of economic development, international economics, and political economy. His current research focuses on employment and economic growth, in both developing and advanced economies. He is the recipient of numerous awards, including the inaugural Albert O. Hirschman Prize of the Social Science Research Council (SSRC) and the Princess of Asturias Award for Social Sciences. Rodrik is Co-Director of the Reimagining the Economy Program at the HKS and of the Economics for Inclusive Prosperity network. He was President of the IEA during 2021–23 and helped found the IEA’s Women in Leadership in Economics initiative. His most recent books are Combating Inequality: Rethinking Government’s Role (2021, edited with Olivier Blanchard) and Straight Talk on Trade: Ideas for a Sane World Economy (2017). He is also the author of Economics Rules: The Rights and Wrongs of the Dismal Science (2015), The Globalization Paradox: Democracy and the Future of the World Economy (2011) and One Economics, Many Recipes: Globalization, Institutions, and Economic Growth (2007).

Thomas Sampson is an Associate Professor of Economics at LSE. He is also an Associate in the Trade programme at the Centre for Economic Performance, where he has worked extensively on the implications of Brexit for the UK economy. Thomas has a PhD in Economics from Harvard University and previously worked as an Overseas Development Institute Fellow at the Bank of Papua New Guinea.

Kirsten Sehnbruch is a Global Professor of the British Academy and a Distinguished Policy Fellow at the International Inequalities Institute at LSE. Previously, she was a Research Fellow at the Universidad de Chile, and a Senior Lecturer at UC, Berkeley. Kirsten works on conceptualising and measuring poor-quality employment in both developing and advanced economies, particularly in Latin America and European countries. Her work has been replicated by the World Bank’s study on Global Job Quality, and by the UN’s study on poor-quality employment in Latin America. Her current work focuses on how the intensity of employment deprivations determines the extent to which workers in poor-quality employment get stuck in ‘bad jobs’. She further argues that the most vulnerable workers will likely be affected by the increased adoption of new technologies and machine learning at the workplace. Kirsten has collaborated with governments, international development institutions and non-governmental organisations in Europe, Latin America and the Middle East. Her work has been published by multiple journals, such as World Development, The Cambridge Journal of Economics, Development and Change, Regional Studies and Social Indicators Review.

Almudena Sevilla is a Professor of Economic and Social Policy in the Department of Social Policy at LSE and is currently the Founding Chair of the RES UK Women in Economics Network and the LSE Women in Social and Public Policy Research Hub. She has also held positions at UCL, Queen Mary University, University of Oxford, University of Essex, and the Congressional Budget Office in Washington DC. She received her PhD from Brown University in 2004 in the fields of family and population economics and econometrics. She has a successful track record in gender economics research. Early in her career, she received the prestigious Marie J. Langlois Prize for her doctoral research on gender economics and the status of women in the academic field. Her research is regularly published in top-tier international journals, such as the American Economic Review, Demography, and the Journal of Labor Economics. She also serves on the editorial boards of leading journals, including Feminist Economics and Review of the Economics of the Household. Her work has attracted substantial research funding, including the highly competitive European Research Council Consolidator Grant of over €2 million. Sevilla holds key leadership positions in major economic associations, has recently been elected President of the Society of the Economics of the Household, and is a sought-after speaker at leading academic and policy forums, where she discusses women’s roles in the economy.

Ranjeeta Thomas is Associate Professor of Health Economics in the Department of Health Policy at LSE. She is an applied economist with research interests in understanding the drivers of risky health behaviours, the role of incentives in improving demand for preventative healthcare, and early childhood development and health, including the long-term benefits of childhood health and education interventions. She has been a co-investigator on grants from the National Institute of Mental Health USA and the European & Developing Countries Clinical Trials Partnership, and led consultancy projects for the Global Fund and the Bill & Melinda Gates Foundation.

Sir Paul Tucker is a Research Fellow at the Mossavar-Rahmani Center for Business and Government at the HKS, writing at the intersection of political economy and political theory. He is author of Global Discord (Princeton University Press, 2022) and Unelected Power (PUP, 2018). He is working on a book applying David Hume’s political theory to today’s problems. From 1980 to 2013, he was a central banker.

Miguel Urquiola is Dean of Social Science and Professor of Economics at Columbia University. He has chaired Columbia’s Department of Economics and its Committee on the Economics of Education. He is also a faculty member at the SIPA, where he served as vice-dean. Outside Columbia, Urquiola is a Research Associate at the NBER and has held appointments at Cornell University, the World Bank, and the Bolivian Catholic University. He is a member of boards, such as that of the SSRC. Urquiola’s research is on the Economics of Education. It focuses on understanding how schools and universities compete and how educational markets differ from other markets economists study. He has written numerous journal articles on these issues and a book on why American universities excel at research: Markets, Minds, and Money (Harvard University Press, 2020).

John Van Reenen is Ronald Coase School Professor at LSE and Digital Fellow at the Initiative for the Digital Economy at the MIT. Until 2020 he was Gordon Billard Professor MIT in the Economics Department and Sloan Management School. He has published over a hundred papers on many areas in economics, with a particular focus on firm performance and the causes and consequences of innovation. He was the 2009 winner of the Yrjö Jahnsson Award (the European equivalent of the Clark Medal); the Arrow Prize (2011); the European Investment Bank Prize (2014); and the HBR-McKinsey Award (2018). He is a fellow of the British Academy, the Econometric Society, the NBER, CEPR, and the Society of Labor Economists. In 2017, he was awarded an OBE for ‘services to public policy and economics’ by Queen Elizabeth II

Anthony Venables is a Senior Research Fellow at the University of Oxford and part-time Research Professor at Monash University, Melbourne. He is a fellow of the Econometric Society, the Regional Science Association International, and the British Academy. Former positions include Professor of Economics at Oxford University and at LSE, and chief economist at the UK Department for International Development. He has published extensively in the areas of international trade, spatial economics, natural resources, and economic development.

Leonard Wantchekon is the James Madison Professor of Political Economy, Professor of Politics, and International Affairs at Princeton University. He is the Founder and President of the African School of Economics and the Pan African Scientific Research Council. His research centres on political economy, development economics and economic history, with regional focus on Africa and on substantive topics, such as democracy and development, education and social mobility, and the long-term social impact of slavery and colonial rule. Finally, Wantchekon is the 2023 winner of the Global Economy Prize, awarded by the Kiel Institute for the World Economy. He is a fellow of the American Academy of Arts and Sciences, the Econometric Society, the BREAD and Research Affiliate at the NBER. He served as Vice President of the APSA, and is on the Executive Committee of the IEA.