In his book ‘Growth – A Reckoning’, Daniel Susskind eloquently sets out what he terms the ‘Growth Dilemma’ – how to balance the promise of economic growth against its price. The promise comes through the increased productivity inherent in economic growth, which has led to significant improvements in living standards and life expectancy across the…
My attention was drawn recently to a chart illustrating an article in the Financial Times, which showed higher levels of zero sum thinking among those whose early adult years corresponded to a slow-down in economic activity. The degree of zero sum thinking was on a scale of 0-100 where 100 = “Wealth can grow so…
I’m not really a fan of musicals so I was rather surprised to find myself responding to a friend’s recommendation and booking tickets for of ‘Hamilton’. Having taken the plunge I went further and started on Ron Chernow’s epic biography of Alexander Hamilton. Both the performance and the book are excellent. The show is great…
A recent Scottish Universities Insight Institute project looking at regional innovation strategies featured a presentation by Peter Wostner from the Institute of Macroeconomic Analysis and Development in Slovenia. He framed the development of innovation ecosystems as a collective action problem. This type of problem has been defined as “a situation in which all individuals would be…
Reframing is an important part of the mediator’s toolkit. It can help parties look at things from a different perspective to broaden their understanding and it can help put offers and options in a different light to aid resolution. The importance of reframing was highlighted at a recent workshop led by academics from the Universities…
In their recent book ‘Power and Progress’ Daron Acemoglu and Simon Johnson analyse technological progress over the course of human history. They conclude that technological advances tend to initially benefit a fairly narrow elite before countervailing societal pressures and political developments result in a fairer distribution of the benefits of this progress. Their survey of…
Metaphorically speaking mediators will often invite parties to a conflict to get into each other’s shoes to try to help broaden perspectives and deepen understanding of concerns, issues and needs to help generate options for resolving the dispute. Philosopher John Rawls used a thought experiment which in some respects builds on this idea but takes…
The idea of using insights from behavioural science to achieve desirable policy goals burst into popular consciousness with the publication of Nudge: Improving Decisions About Health, Wealth, and Happiness (R Thaler and C Sunstein, Yale University Press, 2008.) It describes the appealing notion that people can be encouraged to make good choices by the way…
“Neither politics or the economy will function without a substantial degree of honesty, trustworthiness, self-restraint, truthfulness and loyalty to shared political, legal and other institutions. In the absence of these virtues, a cycle of mistrust will corrode social political and economic relations.” In his new book ‘The Crisis of Democratic Capitalism’, Martin Wolf argues that…
Mediators work hard to help parties to a dispute to explore and understand their underlying needs and interests, which might have been forgotten or overlooked in the defence of a position that was once adopted to promote their interests. A recent book by political scientist Krzysztof Pelc ‘Beyond Self-interest – why the market rewards those…
