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Europe’s economic progress and political stability after the Second World War would not have been possible without the rise of the European middle class. This dossier shows that further progress and stability is seriously under threat, partly due…

The middle class is not a homogeneous group. The segments within it respond differently to economic globalization, with the lower middle class heading towards the poorest. Although social protection schemes can go a long way to compensate for thei…

With only a quarter of the world’s population having access to social protection, the case for expanding it is gaining ground in international discussions. The debate focuses on how best to design social protection, whether it should be universal…

Economists seem to find it difficult to accept different schools of economic thought. But pluralism in economic thinking is the solution to the complexity of the real world that surrounds us.

There is a need for new values for wealth and national economic growth figures. GNP and GNI are outdated.

Praful Bidwai examines articles and blog posts by The Broker to discuss the disconnect between gross domestic product and social progress. He concludes that a radically new economics must be developed from the bottom up. 

Participants of the Egmond Eco Efficiency Conference reviewed a draft list of research topics – see an earlier blog post on this topic – and highlighted a few priorities, such as:- consumer behaviour; is the ‘no pain no change’ slogan really true?…

It is now widely recognized that GDP has many shortcomings as an indicator of social welfare. It is time for macroeconomists and policy makers to finally take action.

Arnold Toynbee observed in 1931 that "The twentieth century will be chiefly remembered by future generations not as an era of political conflicts or technical inventions, but as an age in which human society dared to think of the welfare [hea…