Diane CoyleEvery podcast appearance, updated as new ones drop

Beyond GDP, with Diane Coyle by Technology Policy Institute

In this episode of Crossing Channels, Richard Westcott talks to Diane Coyle and César Hidalgo about how knowledge, ideas and intangible assets are becoming central to modern prosperity. They discuss what makes intellectual capital distinctive, how AI may widen or narrow inequalities, and why some places benefit more than others. The conversation also explores the challenges of measuring intangible value and what kinds of skills, institutions and infrastructure are needed for countries and regions to turn intellectual capital into broader, long-term growth. Season 5 Episode 3 transcript : https://www.bennettschool.cam.ac.uk/wp-content/uploads/2025/12/Episode-3-Transcript_Final.pdf For more information about the Crossing Channels podcast series and the work of the Bennett School of Public Policy and IAST visit our websites at https://www.bennettschool.cam.ac.uk/ and https://www.iast.fr/ Follow us on Linkedin and Bluesky. With thanks to: Audio production by Alice Whaley Associate production by Burcu Sevde Selvi Visuals by Tiffany Naylor and Pauline Alves More information about our host and guests: Podcast host Richard Westcott is an award-winning journalist who spent 27 years at the BBC as a correspondent/producer/presenter covering global stories for the flagship Six and Ten o’clock TV news as well as the Today programme. Last year, Richard left the corporation and he is now the communications director for Cambridge University Health Partners and the Cambridge Biomedical Campus, both organisations that are working to support life sciences and healthcare across the city. Podcast guests Diane Coyle is the Bennett Professor of Public Policy at the University of Cambridge. She is the Research Director at the Bennett School of Public Policy. Diane’s latest book is The Measure of Progress: Counting what really matters. Her own research focuses on productivity, the digital economy and AI policy, and economic measurement. Diane is currently a member of the UK Government’s Industrial Strategy Council, the New Towns Taskforce, and advises the Competition and Markets Authority. Diane was awarded a DBE in 2023 for her contribution to economics and public policy. César Hidalgo is a Chilean-Spanish-American scholar known for his contributions to economic complexity and for his applied work on data visualization and artificial intelligence. Hidalgo is a tenured professor at the Toulouse School of Economics ’ (TSE) Department of Social and Behavioral Sciences and the head of the Center for Collective Learning a multidisciplinary research laboratory with offices at Institute for Advanced Study (IAST) at TSE and the Corvinus Institute of Advanced Studies (CIAS) at Corvinus University of Budapest . He is also an Honorary Professor at the Alliance Manchester Business School of the University of Manchester .

For nearly a century, GDP has been the world’s go-to measure of economic success—but what if it’s been telling us the wrong story? It treats cigarette sales and cancer treatments as equally “good” for the economy, while caring for your kids, volunteering, or creating art don’t count at all. This week, economist Diane Coyle joins Nick and Goldy to discuss her new book, The Measure of Progress , and explain why GDP increasingly fails to capture the reality of modern economies—and how we can measure real progress instead. Diane Coyle is the Bennett Professor of Public Policy at the University of Cambridge. She is also the Research Director at the Bennett School of Public Policy, a member of the UK Government’s Industrial Strategy Council, and author of the new book, The Measure of Progress: Counting What Really Matters . Social Media: @dianecoyle1859.bsky.social @DianeCoyle1859 Further reading: The Measure of Progress: Counting What Really Matters Beyond GDP? Welfare across Countries and Time The Economics of Care with Nancy Folbre Website: http://pitchforkeconomics.com Instagram: @pitchforkeconomics Threads: pitchforkeconomics Bluesky: @pitchforkeconomics.bsky.social Twitter: @PitchforkEcon , @NickHanauer , @civicaction YouTube: @pitchforkeconomics LinkedIn: Pitchfork Economics Substack: The Pitch

Diane Coyle is the Bennett Professor of Public Policy at the University of Cambridge. She is the Research Director at the Bennett School of Public Policy. Diane's latest book is 'The Measure of Progress: Counting What Really Matters'. Her own research focuses on productivity, the digital economy and AI policy, and economic measurement. She has been writing about the effects of digital technologies since her first book, 'The Weightless World', in 1997. Diane is currently a member of the UK Government's Industrial Strategy Council, the New Towns Taskforce, and advises the Competition and Markets Authority. She has served previously in a number of public service roles including as Vice Chair of the BBC Trust, member of the Competition Commission, and of the Natural Capital Committee. Diane was awarded a DBE in 2023 for her contribution to economics and public policy. In this podcast we discuss the inadequacy of GDP measurement, missing the digital economy; dealing with free digital services, how to measure productivity in services, and much more. Follow us here for more amazing insights: https://macrohive.com/home-prime/ https://twitter.com/Macro_Hive https://www.linkedin.com/company/macro-hive

What if our most trusted economic statistic is pointing us in the wrong direction? Diane Coyle joins Kevin Coldiron to explore why GDP - long treated as a proxy for progress - now obscures more than it reveals. As economies shift toward services, intangibles, and unpaid digital labor, much of today’s value creation falls outside the frame. Drawing on her new book, The Measure of Progress, Coyle makes the case for a new way of seeing - one that captures time, trust, and the real foundations of growth. The question isn’t how fast we’re moving. It’s whether we’re measuring the right road. IT's TRUE 👀 - most CIO's read 50+ books each year - get your copy of the Ultimate Guide to the Best Investment Books ever written here: www.toptradersunplugged.com/Ultimate And you can get a free copy of my latest book "Ten Reasons to Add Trend Following to Your Portfolio" here: www.toptradersunplugged.com/10-reasons-optin Send your questions to info@toptradersunplugged.com Follow Niels & Kevin on Twitter: @TopTradersLive & @kcold1 And please share this episode with a like-minded friend and leave an honest rating & review on iTunes and Spotify so more people can discover the podcast.

What if our most trusted economic statistic is pointing us in the wrong direction? Diane Coyle joins Kevin Coldiron to explore why GDP - long treated as a proxy for progress - now obscures more than it reveals. As economies shift toward services, intangibles, and unpaid digital labor, much of today’s value creation falls outside the frame. Drawing on her new book, The Measure of Progress , Coyle makes the case for a new way of seeing - one that captures time, trust, and the real foundations of growth. The question isn’t how fast we’re moving. It’s whether we’re measuring the right road. ----- 50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE ----- Follow Niels on Twitter , LinkedIn , YouTube or via the TTU website . IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here . And you can get a free copy of my latest book “ Ten Reasons to Add Trend Following to Your Portfolio ” here . Learn more about the Trend Barometer here . Send your questions to info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast. Follow Kevin on SubStack & read his Book . Follow Diane on X and read her book. Episode TimeStamps: 02:19 - Introduction to Diane Coyle 03:55 - How did the current systems of national accounts came to be? 06:55 - Why the national statistics doesn't add up 11:22 - The underlying problems of GDP 18:42 - How software pose a problem for measuring GDP and economic activity 23:25 - The challenges of cloud computing 26:39 - What is disintermediation and why is it a problem for economic statistics? 33:35 - The impo

This episode explores new insights into the productivity puzzle from two fresh pieces of work. First, Diane Coyle discusses her book The Measure of Progress, explaining why what we measure is profoundly important but increasingly difficult. Then, Jan Mischke from the McKinsey Global Institute shares a striking finding from their report The Power of One: a relatively small number of "standout firms" deliver a very big share of a country's productivity growth. Host Professor Bart van Ark is joined by: Diane Coyle, Bennett Professor of Public Policy and Co-Director of the Bennett Institute for Public Policy. Jan Mischke, Partner at McKinsey Global Institute. For more information on the topic: Diane Coyle (2025), The Measure of Progress: Counting What Really Matters, Princeton University Press. Jan Mischke et al. (2025), The power of one: How standout firms grow national productivity, McKinsey Global Institute May. Kate Barker (2025), Review of The Measure of Progress, The Society of Professional Economists, 14 April. McKinsey Global Institute (2025), Online summary of The Power of One. The Productivity Institute (2023), The Productivity Agenda. A blueprint for boosting the UK’s productivity. The Productivity Institute (2024), Productivity Primer. Why productivity matters for the economy, business and places. Diane Coyle and Leonard Nakamura (2021), Time Use, Productivity, and Household-Centric Measurement of Welfare in the Digital Economy, The International Productivity Monitor. Diane Coyle (1999), The Weightless World: Strategies for Managing the Digital Economy, MIT Press. Diane Coyle (2021), Cogs and Monsters: What Economics Is, and What It Should Be, Princeton University Press. Zvi Griliches, Productivity, R&D, and the Data Constraint, The American Economic Review Vol. 84, No. 1 (Mar., 1994), pp. 1-23. About Productivity Puzzles: Productivity Puzzles is brought to you by The Productivity Institute, a research body involving nine academic institutions across the UK, eight Regional Productivity Forums throughout the nation, and a national independent Productivity Commission to advise policy makers at all levels of government. It is funded by the Economic and Social Research Council

In The Measure of Progress: Counting What Really Matters , Dame Diane Coyle argues that traditional measures like GDP no longer capture economic realities. Coyle is the Bennett Professor of Public Policy at the University of Cambridge. She is also the director of the Productivity Institute, a fellow of the Office for National Statistics, and a member of the UK’s Competition Commission. Drawing on her deep expertise, she proposes an alternative framework for measuring productivity that enables better policymaking. In her conversation with Nikolaus Lang, global leader of the BCG Henderson Institute, she discusses the shortcomings of GDP—such as a lack of accounting for immaterial goods or natural capital, alternative measures of progress, and how corporate leaders should rethink their approach to measurement. Key topics discussed: 01:32 | The shortcomings of GDP as a measure of productivity 09:14 | The issues of inflated GDP statements 11:12 | Alternative measures of productivity and progress 13:47 | A time-based approach to measuring productivity 16:39 | How productivity measurement works in practice 18:57 | Implications for corporate leaders Additional inspirations from Diane Coyle: Cogs and Monsters: What Economics Is, and What It Should Be (Princeton University Press, 2021) GDP: A Brief but Affectionate History (Princeton University Press, 2015) The Soulful Science: What Economists Really Do and Why It Matters (Princeton University Press, 2009) Sex, Drugs and Economics: An Unconventional Intro to Economics (Texere, 2002)

How to measure the good life? According to Cambridge University’s Professor of Public Policy, Diane Coyle, quantifying progress doesn’t involve traditional economic metrics. In her new book, Measure of Progress , Coyle discusses how economic metrics like GDP, designed 80 years ago, are increasingly inadequate for measuring today's complex economy. She argues we need new approaches that account for digital transformation, supply chains, and long-term sustainability. Coyle suggests developing human-centric balance sheet measures that reflect true progress beyond simple growth numbers. Five Key Takeaways * Economic metrics like GDP were developed 80 years ago and are increasingly outdated for measuring today's complex digital economy with global supply chains. * We lack adequate tools to measure crucial modern economic factors such as data usage, cloud services, and cross-border supply chains. * Economic statistics have always been political in nature, from their historical origins to present debates about what counts as progress. * Coyle advocates for a "balance sheet" approach that considers long-term sustainability of resources rather than just short-term growth figures. * While productivity growth has slowed for many middle-income families over the past 20 years, Coyle rejects "degrowth" approaches, arguing instead for better metrics that capture true progress in living standards. Professor Dame Diane Coyle is the Bennett Professor of Public Policy at the University of Cambridge. Diane co-directs the Bennett Institute where she heads research under the themes of progress and productivity. Her latest book is ' Cogs and Monsters: What Economics Is, and What It Should Be ’, exploring the challenges for economics particularly in the context of digital transformation. Her current research focuses on productivity and on economic measurement: what does it mean for economic policy to make the world ‘better’, and how would we know if it succeeds?Diane is also a Director of the Productivity Institute, a Fellow of the Office for National Statistics, and an expert adviser to the National Infrastructure Commission. She has served in public service roles including as Vice Chair of the BBC Trust, member of the Competition Commission, of the Migration Advisory Committee and of the Natural Capital Committee. Diane was Professor of Economics at the University of Manchester until March 2018 and was awarded a DBE for her contribution to economic policy in the 2023 King’s Birthday Honours. Keen On America is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit keenon.substack.com/subscribe

Is AI going to solve our productivity problem? Diane Coyle is an Economist and Professor at the University of Cambridge where she looks at the economic impact of the digital economy, including artificial intelligence. Her new book is called ‘The Measure of Progress: Counting What Really Matters’ (https://shorturl.at/PuHgF). 🤝 Want 1:1 financial help from us? Answer a few questions to find the right service & book free call: ⁠⁠⁠ https://getmost.typeform.com/pod-episodes ⁠⁠⁠ ❓Survey - how are you saving for your future? ⁠⁠⁠https://makingmoney.email/survey⁠⁠⁠ 🎉 Sponsors Vanta - Get your company secure and compliant: ⁠ ⁠⁠⁠ https://vanta.com/makingmoney ⁠⁠⁠ Xero accountancy software - get 90% off for 6 months: ⁠⁠⁠https://referrals.xero.com/makingmoney ⁠ ⁠⁠⁠ ⁠⁠⁠⁠⁠ ⁠ – If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.

In this episode, Richard Westcott talks to Diane Coyle, Jacques Crémer, and Paul Seabright about Europe’s position in competing with the US in technology. They explore the factors shaping Europe’s place in the global tech race—how data, policy, investment, competition and culture influence its potential to compete with the US. Our experts unpack the challenges and opportunities for Europe’s tech ecosystem. They consider whether Europe should aim to catch up with the US or focus on carving out its own path, questioning what success in innovation really looks like. Along the way, they discuss the role of data, risk-taking, the challenges of scaling up new ideas, and the structural and policy changes needed to support innovation in Europe. This episode is hosted by Richard Westcott (Cambridge University Health Partners and the Cambridge Biomedical Campus), and features experts Diane Coyle (Bennett Institute for Public Policy, University of Cambridge), Jacques Crémer (IAST), Paul Seabright (IAST) Listen to this episode on your preferred podcast platform Season 4 Episode 6 transcript For more information about the Crossing Channels podcast series and the work of the Bennett Institute and IAST visit our websites at https://www.bennettinstitute.cam.ac.uk/ and https://www.iast.fr/ . Follow us on Linkedin , Bluesky and X . With thanks to: Audio production by Steve Hankey Associate production by Burcu Sevde Selvi Visuals by Tiffany Naylor and Aurore Carbonnel More information about our host and guests: Podcast host Richard Westcott is an award-winning journalist who spent 27 years at the BBC as a correspondent/producer/presenter covering global stories for the flagship Six and Ten o’clock TV news as well as the Today programme. Last year, Richard left the corporation and he is now the communications director for Cambridge University Health Partners and the Cambridge Biomedical Campus, both organisations that are working to support life sciences and healthcare across the city. @BBCwestcott Podcast guests Diane Coyle is the Bennett Professor of Public Policy at the University of Cambridge. Diane co-directs the Bennett Institute where she heads research under the themes of progress and productivity. Diane’s new book (April 2025) ‘ The Measure of Progress: Counting what really matters ’ explores how outdated economic metrics are distorting our understanding of today’s digital economy. Diane is also a member of the UK Government’s Industrial Strategy Council, New Towns Taskforce, and advises the Competition and Markets Authority. She has served previously in a number of public service roles including as Vice Chair of the BBC Trust, member of the Competition Commission, and of the Natural Capital Committee. Diane was awarded a DBE in 2023 for her contribution to economics and public policy. @DianeCoyle1859 Jacques Crémer is Professor at the Toulouse School of Economics. He is a Fellow of the Econometric Society and of the European Economic Association. He has been the first director of the Digital Center since 2015. In 2018-2019, as a Special Adviser to European Commissioner Margrethe Vestager, he co-authored the report “Competition Policy for the Digital Era”. Jacques has done fundamen

Richard Westcott talks to Diane Coyle, Jacques Crémer, and Paul Seabright about Europe’s position in competing with the US in technology. They explore the factors shaping Europe’s place in the global tech race—how data, policy, investment, competition and culture influence its potential to compete with the US. Our experts unpack the challenges and opportunities for Europe’s tech ecosystem. They consider whether Europe should aim to catch up with the US or focus on carving out its own path, questioning what success in innovation really looks like. Along the way, they discuss the role of data, risk-taking, the challenges of scaling up new ideas, and the structural and policy changes needed to support innovation in Europe. This episode is hosted by Richard Westcott (Cambridge University Health Partners and the Cambridge Biomedical Campus), and features experts Diane Coyle (Bennett Institute for Public Policy, University of Cambridge), Jacques Crémer (IAST), Paul Seabright (IAST) Season 4 Episode 6 transcript Listen to this episode on your preferred podcast platform For more information about the Crossing Channels podcast series and the work of the Bennett Institute and IAST visit our websites at https://www.bennettinstitute.cam.ac.uk/ and https://www.iast.fr/. Follow us on Linkedin, Bluesky and X. With thanks to: Audio production by Steve Hankey Associate production by Burcu Sevde Selvi Visuals by Tiffany Naylor and Aurore Carbonnel

2024 has been quite a year. A new government, big plans, but a growth and productivity revival isn’t visible yet. These things take time. Is the UK still on track for a reset of policy to boost growth and productivity? Or is there something fundamentally wrong with how we're thinking about these subjects? Host Professor Bart van Ark is joined by: Diane Coyle, Bennett Professor of Public Policy, University of Cambridge & Director at The Productivity Institute. Richard Jones, Vice-President for Innovation and Regional Economic Development and Professor of Materials Physics and Innovation Policy, University of Manchester, and Policy Fellow at The Productivity Institute. For more information on the topic: Diane Coyle and Ayantola Alayande. Productivity and Industrial Policy by Design: The UK Experience , International Productivity Monitor, No. 47, Fall 2024. Richard Jones. Taking Anglofuturism Seriously , Soft Machines, 2024. Diane Coyle, Economic Progress and Adam Smith’s Dilemma . National Institute Economic Review , vol. 265, 2023, pp. 5-11. The Productivity Institute’s Response to the Industrial Strategy Green Paper , November 2024. Ayantola Alayande and Diane Coyle (2023) Investment in the UK: Longer Term Trends , Working Paper No. 040, The Productivity Institute. Dietrich Vollrath. Fully Grown: Why a Stagnant Economy Is a Sign of Success . University of Chicago Press, 2020. Charles Goodhart and Manoj Pradhan. T he Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival . Palgrave Macmillan, 2020. Daron Acemoglu and Simon Johnson. Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity . PublicAffairs, 2023. Diane Coyle. Cogs and Monsters: What Economics Is, and What It Should Be . Princeton University Press, 2021. Diane Coyle, The Measure of Progress: Counting What Really Matters , Princeton University Press, forthcoming, Spring 2025. About Productivity Puzzles: Productivity Puzzles is brought to you by The Productivity Institute , a research body involving nine academic institutions across the UK, eight Regional Productivity Forums throughout the nation, and a national independent Productivity Commission to advise policy makers at all levels of government. It is funded by the Economic and Social Research Council .

In this episode of Crossing Channels, Rory Cellan-Jones discusses with Diane Coyle, Ruth Mace, and Paul Seabright the impact of age on leadership, the consequences of having older leaders for society, and the case for implementing a compulsory retirement age. Leading experts discuss the trade-off between experience, expertise, skill and judgment as society’s leaders age. They draw on evolutionary as well as current examples to evaluate the case for implementing a compulsory retirement age for leaders. Finally, they consider alternative mechanisms – such as reducing voting ages, term limits and cognitive testing – to improve democratic responsiveness. This episode is hosted by Rory Cellan-Jones (former technology correspondent for the BBC), and features guest experts Professor Dame Diane Coyle (Bennett Institute for Public Policy), Professor Ruth Mace (UCL/IAST) and Professor Paul Seabright (IAST). Season 3 Episode 10 transcript Listen to this episode on your preferred podcast platform For more information about the podcast and the work of the institutes, visit our websites at https://www.bennettinstitute.cam.ac.uk/ and https://www.iast.fr/. Tweet us with your thoughts at @BennettInst and @IASToulouse. With thanks to: Audio production by Steve Hankey Associate production by Stella Erker Visuals by Tiffany Naylor and Kevin Sortino More information about our host and guests: Rory Cellan-Jones was a technology correspondent for the BBC. His 40 years in journalism have seen him take a particular interest in the impact of the internet and digital technology on society and business. He has also written multiple books, including “Always On” (2021) and his latest “Ruskin Park: Sylvia, Me and the BBC” which was published in 2023. @ruskin147 Diane Coyle is the Bennett Professor of Public Policy at the University of Cambridge. Diane co-directs the Bennett Institute where she heads research under the themes of progress and productivity. Diane is also a Director of the Productivity Institute, a Fellow of the Office for National Statistics, an expert adviser to the National Infrastructure Commission, and Senior Independent Member of the ESRC Council. Her latest book is ‘Cogs and Monsters: What Economics Is, and What It Should Be‘ on how economics needs to change to keep pace with the twenty-first century and the digital economy. Diane was awarded a DBE in the King’s Birthday Honours List 2023 for her invaluable contributions to economic policy and practice, as well as her unwavering commitment to public service. @DianeCoyle1859 Ruth Mace is Professor of Evolutionary Anthropology at University College London (UCL) and a long-term visitor at the Institute of Advanced Study at Toulouse (IAST). She trained as an evolutionary biologist at the University of Oxford, and then moved into evolutionary anthropology. Her research has covered a wide range of questions in human life history evolution and behavioural and cultural evolution. She is a Fellow of the British Academy, and founding Editor-in-Chief of the journal Evolutionary Human Sciences. @tavitonst Paul Seabright is a professor of economics at the Toulouse School of Economics. He was Director from 2012 to 2021 of the Institute for Advanced Study in Toulouse. Paul did his undergraduate and doctoral studies at the University of Oxford, where he was a Fellow of All Souls College. Paul’s current research lies in three areas of microeconomics: industrial organisation and competition policy; the economics of networks and the digital society; and behavioural economics. His new book The Divine Economy: How Religions Compete for Wealth, Power and People, was published by Princeton University Press in May 2024.

In this episode, Rory Cellan-Jones discusses with Diane Coyle, Ruth Mace, and Paul Seabright the impact of age on leadership, the consequences of having older leaders for society, and the case for implementing a compulsory retirement age. Our experts discuss the tradeoff between experience, expertise, skill and judgement as society’s leaders age. They draw on evolutionary and current examples to evaluate the case for implementing a compulsory retirement age for leaders. Finally, they consider alternative mechanisms - such as reducing voting ages, term limits and cognitive testing - to improve democratic responsiveness. This episode is hosted by Rory Cellan-Jones (former technology correspondent for the BBC), and features guest experts Professor Dame Diane Coyle (Bennett Institute for Public Policy), Professor Ruth Mace (UCL/IAST) and Professor Paul Seabright (IAST). Season 3 Episode 10 transcript Listen to this episode on your preferred podcast platform For more information about the podcast and the work of the institutes, visit our websites at https://www.bennettinstitute.cam.ac.uk/ and https://www.iast.fr/ . Tweet us with your thoughts at @BennettInst and @IASToulouse . With thanks to: Audio production by Steve Hankey Associate production by Stella Erker Visuals by Tiffany Naylor and Kevin Sortino More information about our host and guests: Rory Cellan-Jones was a technology correspondent for the BBC. His 40 years in journalism have seen him take a particular interest in the impact of the internet and digital technology on society and business. He has also written multiple books, including “Always On” (2021) and his latest “Ruskin Park: Sylvia, Me and the BBC” which was published in 2023. @ruskin147 Diane Coyle is the Bennett Professor of Public Policy at the University of Cambridge. Diane co-directs the Bennett Institute where she heads research under the themes of progress and productivity. Diane is also a Director of the Productivity Institute, a Fellow of the Office for National Statistics, an expert adviser to the National Infrastructure Commission, and Senior Independent Member of the ESRC Council. Diane was awarded a DBE in the King’s Birthday Honours List 2023 for her invaluable contributions to economic policy and practice, as well as her unwavering commitment to public service. @DianeCoyle1859 Ruth Mace is Professor of Evolutionary Anthropology at University College London (UCL) and a long-term visitor at the Institute of Advanced Study at Toulouse (IAST). She trained as an evolutionary biologist at the University of Oxford, and then moved into evolutionary anthropology. Her research has covered a wide range of questions in human life history evolution and behavioural and cultural evolution. She is a Fellow of the British Academy, and founding Editor-in-Chief of the journal Evolutionary Human Sciences. @tavitonst Paul Seabright is a professor of economics at the Toulouse School of Economics. He was Director from 2012 to 2021 of the Institute for Advanced Study in Toulouse. Paul did his undergraduate and doctoral studies at the University of Oxford, where he was a Fellow of All Souls College. Paul’s current research lies in three ar

Filippo Gaddo, Managing Director at MAP and SPE member, held a discussion with Diane Coyle, Bennett Professor of Public Policy at the University of Cambridge, on the future of productivity, what are the key drivers and obstacles going forward and how we could find a better way to measure progress and flourishing. During the interview, Diane expressed her concerns about the slowdown of productivity over the past couple of decades – particularly in the UK – and the low level of investment and lack of spending on infrastructure that could hamper a return to higher levels of productivity. Nonetheless, Diane remains positive and optimistic and see opportunities in new technological development not only in Generative AI but also in bio-medicine, new materials and energy transition. The conversation also discussed on the role of policy in developing an environment that could help reduce the inequality in performance between ‘superstars’ companies and workers and the average firm and people. Towards the end of the interview Filippo and Diane explored ideas and initiatives around different and new metrics to measure progress and prosperity beyond ‘material’ GDP, that includes natural capital, human capital, social capital and life satisfaction. As the current metrics for GDP took time to develop through national accounts, there is hope and a good chance that in a few years these new measures will be used as extensively in public and private decision making. The Bennett Institute is doing excellent work in this space and the work of Charles Jones and Peter Klenow is also mentioned http://klenow.com/Jones_Klenow.pdf . Professor Diane Coyle is the Bennett Professor of Public Policy at the University of Cambridge. Diane co-directs the Bennett Institute where she heads research under the themes of progress and productivity. Her latest book is ‘ Cogs and Monsters: What Economics Is, and What It Should Be ’, exploring the challenges for economics particularly in the context of digital transformation. Her current research focuses on productivity and on economic measurement: what does it mean for economic policy to make the world ‘better’, and how would we know if it succeeds? Diane is also a Director of the Productivity Institute, a Fellow of the Office for National Statistics, and an expert adviser to the National Infrastructure Commission. Diane was Professor of Economics at the University of Manchester until March 2018 and was awarded a DBE for her contribution to economic policy in the 2023 King’s Birthday Honours.

What's happened to our economy and what does it mean for our health? Many developed economies have been growing more slowly since around 2008, but the UK economy has been struggling more than most. Wages haven't risen since 2008 leaving the average worker £14,000 worse off. Productivity growth – vital to rising living standards – has stalled. Regional inequalities are unusually large, and economic hardship is widespread with 2.8 million people reporting not working because of long-term sickness. So what’s driving this economic stagnation, how is it connected to our health, and what can politicians do to address the challenges? To discuss, our Chief Executive Jennifer Dixon is joined by: Diane Coyle , Bennett Professor of Public Policy at the University of Cambridge and Co-Director of the Bennett Institute. Torsten Bell , Chief Executive of the Resolution Foundation. Show notes The Health Foundation (2023). The unsustainable is not sustained: why productivity is fundamental to the future of the NHS . The Resolution Foundation (2023). Ending stagnation: a new economic strategy for Britain . The Health Foundation (2023). What we know about the UK’s working-age health challenge . Coyle D and Muhtar A (2022). Contemporary Social Science . Levelling up policies and the failure to learn . Bennett Institute for Public Policy (2023). A Universal Basic Infrastructure for the UK . The Resolution Foundation (2024) (funded by the Health Foundation). We’ve only just begun: action to improve young people’s mental health, education and employment .

Rory Cellan-Jones talks to Jean-Paul Azam, Diane Coyle and Andy Westwood about the potential of universal basic income to tackle regional inequalities, boost economic growth in ‘left behind’ and growing places, and rebuilding democracy. This episode unpacks why current policies are failing to tackle regional inequalities and how a universal basic infrastructure might boost productivity across all places. Leading experts examine the value of infrastructure in different country contexts and how different levels of various departments and government could work together to deliver a universal basic infrastructure in all places. Listen to this episode on your preferred podcast platform Season 3 Episode 4 transcript For more information about the podcast and the work of the institutes, visit our websites at www.bennettinstitute.cam.ac.uk and www.iast.fr Tweet us with your thoughts at @BennettInst and @IASToulouse With thanks to: Audio production by Steve Hankey Associate production by Stella Erker Visuals by Tiffany Naylor Relevant links: Townscapes: A Universal Basic Infrastructure for the UK by Coyle, D., Erker, S. and Westwood, A. Bennett Institute (2023). A Universal Basic Infrastructure in the UK by Coyle, D., Erker, S. and Westwood, A. Bennett Institute (2023). To Fight Populism, Invest in Left-Behind Communities by Coyle, D. Project Syndicate (2023). Listen to this episode on your preferred podcast platform https://pod.fo/e/20fb17 Season 3 Episode 4 transcript https://www.bennettinstitute.cam.ac.uk/wp-content/uploads/2024/01/CC-S3E4-Transcript.docx.pdf More information about our host and guests: Rory Cellan-Jones was a technology correspondent for the BBC. His 40 years in journalism have seen him take a particular interest in the impact of the internet and digital technology on society and business. He has also written multiple books, including “Always On” (2021) and his latest “Ruskin Park: Sylvia, Me and the BBC” which was published in 2023. @ruskin147 Jean-Paul Azam is a professor of economics Emeritus at the Toulouse School of Economics, University of Toulouse and a member of IAST. After publishing mainly on the macroeconomics of Africa, he has focused since the mid-1990s on explaining violent conflict and its prevention, with application to foreign aid, civil war, and transnational terrorism. Diane Coyle is the Bennett Professor of Public Policy at the University of Cambridge. Diane co-directs the Bennett Institute where she heads research under the themes of progress and productivity. Her latest book is ‘Cogs and Monsters: What Economics Is, and What It Should Be‘ on how economics needs to change to keep pace with the twenty-first century and the digital economy. Diane is also a Director of the Productivity Institute, a Fellow of the Office for National Statistics, an expert adviser to the National Infrastructure Commission, and Senior Independent Member of the ESRC Council. She was awarded a DBE in the King’s Birthday Honours List 2023 for her invaluable contributions to economic policy and practice, as well as her unwavering commitment to public service. @DianeCoyle1859 Andy Westwood is Professor of Government Practice at the University of Manchester and a Director of the ESRC funded Productivity Institute. He has worked as an expert adviser to the EU, the OECD and the IMF, as well as a specialist adviser to the Select Committees on Economic Affairs and Digital Skills in the House of Lords. Andy was previously a special adviser in the last Labour Government on Further and Higher Education, Science and Local Government. @AndyWWestwood

Rory Cellan-Jones talks to Jean-Paul Azam, Diane Coyle and Andy Westwood about the potential of universal basic income to tackle regional inequalities, boost economic growth in ‘left behind’ and growing places, and rebuild democracy. This episode unpacks why current policies are failing to tackle regional inequalities and how a universal basic infrastructure might boost productivity across all places. Leading experts examine the value of infrastructure in different country contexts and how different levels of various departments and government could work together to deliver a universal basic infrastructure in all places. Listen to this episode on your preferred podcast platform Season 3 Episode 4 transcript For more information about the podcast and the work of the institutes, visit our websites at www.bennettinstitute.cam.ac.uk and www.iast.fr Tweet us with your thoughts at @BennettInst and @IASToulouse With thanks to: Audio production by Steve Hankey Associate production by Stella Erker Visuals by Tiffany Naylor Relevant links: Townscapes: A Universal Basic Infrastructure for the UK by Coyle, D., Erker, S. and Westwood, A. Bennett Institute (2023). A Universal Basic Infrastructure in the UK by Coyle, D., Erker, S. and Westwood, A. Bennett Institute (2023). To Fight Populism, Invest in Left-Behind Communities by Coyle, D. Project Syndicate (2023). More information about our host and guests: Rory Cellan-Jones was a technology correspondent for the BBC. His 40 years in journalism have seen him take a particular interest in the impact of the internet and digital technology on society and business. His latest book is “Ruskin Park: Sylvia, Me and the BBC”. @ruskin147 Jean-Paul Azam is a professor of economics Emeritus at the Toulouse School of Economics, University of Toulouse and a member of IAST. After publishing mainly on the macroeconomics of Africa, he has focused since the mid-1990s on explaining violent conflict and its prevention, with application to foreign aid, civil war, and transnational terrorism. Diane Coyle is the Bennett Professor of Public Policy at the University of Cambridge. Diane co-directs the Bennett Institute where she heads research under the themes of progress and productivity. Her latest book is ‘Cogs and Monsters: What Economics Is, and What It Should Be‘ on how economics needs to change to keep pace with the twenty-first century and the digital economy. @DianeCoyle1859 Andy Westwood is Professor of Government Practice at the University of Manchester and a Director of the ESRC funded Productivity Institute. He has worked as an expert adviser to the EU, OECD and IMF, as well as a specialist adviser to the Select Committees on Economic Affai

The final episode of Productivity Puzzles Season 2 examines whether 2023 has brought us closer to putting the productivity puzzle together. What are some of the most important insights from this season of the podcast? And what can we learn from The Productivity Institute's Productivity Agenda? The conversation covers the challenges in institutional decision-making, the diffusion of technology and skills, and diversity in firm performance, investment and the adoption of good practices, as well as possible pro-productivity policies for the future. Host Professor Bart van Ark is joined by: Diane Coyle - Bennett Professor of Public Policy at the University of Cambridge. Adrian Pabst - Deputy Director at the National Institute of Economic and Social Research. Mary O’Mahony - Professor of Economics at King's College Business School in London. Stephen Roper - Professor of Enterprise at Warwick Business School and Director of the Enterprise Research Centre. For more information on the topic: Diane Coyle, Bart van Ark, Jim Pendrill (2023), The Productivity Agenda , The Productivity Institute. HM Government (2022), Levelling Up the UK . National Institute of Economic and Social Research (2023), National Institute UK Economic Outlook: Summer 2023 . Diane Coyle , Kaya Dreesbeimdieck , Annabel Manley (2021), Productivity in UK healthcare during and after the COVID-19 pandemic , The Productivity Institute Working Paper No.002. Jen Nelles, Ben Verinder, Kevin Walsh, Tim Vorley (2023), Skills Innovation and Productivity: The Role of Further Education Colleges in Local and Regional Ecosystems , The Productivity Institute and Innovation Caucus. Diane Coyle, Stella Erker and Andy Westwood (2023), Townscapes: A Universal Basic Infrastructure for the UK , Bennett Institute for Public Policy. About Productivity Puzzles: Productivity Puzzles is brought to you by The Productivity Institute , a research body involving nine academic institutions across the UK, eight Regional Productivity Forums throughout the nation, and a national independent Productivity Commission to advise policy makers at all levels of government. It is funded by the Economic and Social Research Council .

On this week’s episode of the Governance Podcast, Mark Pennington, the Director at the Study of Governance and Society here at King College London, interviews Professor Diane Coyle. This episode is titled "The data that is and that data the isn't: the pitfalls of using big data", and discusses the various uses and implications of big data in society, and the many pitfalls that may arise. The Conversation ‘Big Data’ fuels AI models like ChatGPT and the machine learning systems that are generating much debate about their promise – and peril – for decision-making. The impact of the technology will depend on the character of the data used. While the issue of data bias is well-understood (although not solved), less attention has been paid to other aspects such as data quality (is the data an accurate measure of the underlying object?), missing data (do we have only part of the picture?), and the meaning of data (how are the underlying concepts represented by the data constructed and interpreted)? As AI models are advancing fast enough to be deployed increasingly widely in society, there is a pressing need to reflect on the perspective on our social world created for them through the data on which they are trained and updated. The Guest Professor Diane Coyle is the Bennett Professor of Public Policy at the University of Cambridge. Diane co-directs the Bennett Institute where she heads research under the themes of progress and productivity. Her latest book is ‘Cogs and Monsters: What Economics Is, and What It Should Be‘ on how economics needs to change to keep pace with the twenty-first century and the digital economy. Diane is also a Director of the Productivity Institute, a Fellow of the Office for National Statistics, an expert adviser to the National Infrastructure Commission, and Senior Independent Member of the ESRC Council. She has served in public service roles including as Vice Chair of the BBC Trust, member of the Competition Commission, of the Migration Advisory Committee and of the Natural Capital Committee. Diane was Professor of Economics at the University of Manchester until March 2018 and was awarded a CBE for her contribution to the public understanding of economics in the 2018 New Year Honours.

How can you be both interdisciplinary and be a contributing specialist in your discipline in this day andage? It's a core theme of this podcast, as well as our guests' research. Diane Coyle is the Bennett Professor of Public Policy at the University of Cambridge. Diane co-directs the Bennett Institute where she heads research under the themes of progress and productivity. Her latest book is “Cogs and Monsters: What Economics Is, and What It Should Be” on how economics needs to change to keep pace with the twenty-first century and the digital economy. Diane is also a Director of the Productivity Institute, a Fellow of the Office for National Statistics, an expert adviser to the National Infrastructure Commission, and Senior Independent Member of the ESRC Council. Diane joins Greg to discuss the shifting dynamics of economic measurement’ over and underestimating GDP’ mathiess; and why the public has such a skewed perception of what economists do. Episode Quotes: Why is the public's perception of economists skewed? 20:51: It's partly what they see on the news when they turn on the TV in the evening, and often it's somebody who works in the financial markets talking about the kinds of things that financial markets are trying to predict second by second. That's very dominant. I've done some work in schools over the years to try to encourage young women to go into economics because it's a very male-dominated profession. Both they and the boys in the class take away the idea that what economics is about is going to work on Wall Street or in the City here and making a lot of money. They think it's about money. And I think that's the dominant perception that people have. Money is a metric—we use it quite a lot. But it's not really what economics is about. Data are social contracts 08:54: Data are not things that are given. They're things that are made—they’re social constructs. How do you identify what’s happening in a market? 41:07: If you want to identify what's happening in a market, going and talking to people who participate in the market is a great way to find out about it. And you have megabytes of data. It's just text, and you can analyze that in a very systematic way. Diane's aspiration for economist 30:08: I would like, as us economists, to pay more attention to other insights from other disciplines from people who think differently to ourselves, that basic intellectual hygiene thing of talking to people who disagree with you so that you understand why you might be wrong. But I suppose my ultimate dream is we manage to make economics consistent with the human sciences. Show Links: Recommended Resources: Scarcity: Why Having Too Little Means So Much - Book by Eldar Shafir Bob Schillers book on narrative Paul Romer Vegra Lickus (?) paper in 1994 in the American Economic Review ?? Guest Profile: Faculty Profile at University of Cambridge Professional Profile at Enlighten Economics Dianne Coyle on Twitter Dianne Coyle on LinkedIn Her Work: Enlighten Economics Dianne Coyle on Google Scholar Cogs and Monsters: What Economics Is, and What It Should Be <a href="https://www.google.com/search?bih=692&biw=1329&dpr=2&q=Diane+Coyle&rlz=1C5CHFA_enPH955PH955&sa=X

Rory Cellan-Jones talks to leading economists Diane Coyle, Jacques Crémer and Jean Tirole, about why productivity growth has slowed in spite of immense technological progress and what policy can do about it. This episode unravels the impact of digitalisation on economic growth and its implications for policy. Leading economists discuss the productivity puzzle, why regulating Big Tech is so difficult, the threats of mass surveillance, and what policymakers can do to address these challenges. This episode is hosted by Rory Cellan-Jones (former technology correspondent for the BBC), and features guest experts Professor Diane Coyle (Bennett Institute for Public Policy), Professor Jacques Crémer (Toulouse School of Economics) and Professor Jean Tirole (Toulouse School of Economics – International Advanced Study in Toulouse). Listen to this episode on your preferred podcast platform Season 2 Episode 1 transcript For more information about the podcast and the work of the institutes, visit our websites at https://www.bennettinstitute.cam.ac.uk/ and https://www.iast.fr/. Tweet us with your thoughts at @BennettInst and @IASToulouse. Audio production by Steve Hankey. Podcast editing by Stella Erker. More information about our guests: Professor Diane Coyle is the Bennett Professor of Public Policy at the University of Cambridge. She co-directs the Bennett Institute where she heads the themes of progress and productivity, and researches the digital economy and economic measurement. Diane is also a Director of the Productivity Institute, and a Fellow of the Office for National Statistics. Professor Jacques Crémer received his undergraduate degree from the Ecole Polytechnique in 1971, a SM in Management and a PhD in economics, both from MIT, in 1973 and 1977. He has held appointments at the University of Pennsylvania and the Virginia Polytechnic Institute. His current research interests are the economics of organization, the economics of the Internet and of the software industries, as well as contract theory. Professor Jean Tirole is honorary chairman of the Foundation JJ Laffont-Toulouse School of Economics (TSE), and scientific director of TSE-Partnership. He is also affiliated with MIT, where he holds a visiting position, and the Institut de France. Professor Tirole’s research covers industrial organization, regulation, finance, macroeconomics and banking, and psychology-based economics. Rory Cellan-Jones is a former technology correspondent for the BBC. His 40 years in journalism saw him take a particular interest in the impact of the internet and digital technology on society and business. He has written multiple books, including his latest “Always On” which was published in 2021.

Rory Cellan-Jones talks to leading economists Diane Coyle, Jacques Crémer and Jean Tirole, about why productivity growth has slowed in spite of immense technological progress and what policy can do about it. This episode unravels the impact of digitalisation on economic growth and its implications for policy. Leading economists discuss the productivity puzzle, why regulating Big Tech is so difficult, the threats of mass surveillance, and what policymakers can do to address these challenges. This episode is hosted by Rory Cellan-Jones (former technology correspondent for the BBC), and features guest experts Professor Diane Coyle (Bennett Institute for Public Policy), Professor Jacques Crémer (Toulouse School of Economics) and Professor Jean Tirole (Toulouse School of Economics – International Advanced Study in Toulouse). Listen to this episode on your preferred podcast platform: https://pod.fo/e/14406b Season 2 Episode 1 transcript: https://www.bennettinstitute.cam.ac.uk/wp-content/uploads/2022/09/CC-S2-EP1-transcript.pdf For more information about the podcast and the work of the institutes, visit our websites at https://www.bennettinstitute.cam.ac.uk/ and https://www.iast.fr/ . Tweet us with your thoughts at @BennettInst and @IASToulouse With thanks to: Audio production by Steve Hankey. Podcast editing by Stella Erker. More information about our guests: Professor Diane Coyle is the Bennett Professor of Public Policy at the University of Cambridge. She co-directs the Bennett Institute where she heads the themes of progress and productivity, and researches the digital economy and economic measurement. Diane is also a Director of the Productivity Institute, and a Fellow of the Office for National Statistics. Professor Jacques Crémer received his undergraduate degree from the Ecole Polytechnique in 1971, a SM in Management and a PhD in economics, both from MIT, in 1973 and 1977. He has held appointments at the University of Pennsylvania and the Virginia Polytechnic Institute. His current research interests are the economics of organization, the economics of the Internet and of the software industries, as well as contract theory. Professor Jean Tirole is honorary chairman of the Foundation JJ Laffont-Toulouse School of Economics (TSE), and scientific director of TSE-Partnership. He is also affiliated with MIT, where he holds a visiting position, and the Institut de France. Professor Tirole’s research covers industrial organization, regulation, finance, macroeconomics and banking, and psychology-based economics. Rory Cellan-Jones is a former technology correspondent for the BBC. His 40 years in journalism saw him take a particular interest in the impact of the internet and digital technology on society and business. He has written multiple books, including his latest “Always On” which was published in 2021.

Should the next Prime Minister embrace productivity as a cornerstone of the policy agenda for the new UK government in September? Can it help to get us through the economic winter ahead of us, and onto a path of sustained recovery? What policies are most critical, what should be continued, strengthened or perhaps stopped? The final episode of Season 1 of Productivity Puzzles looks at the policy agenda for the new government, with discussion on the key elements that will help productivity to recover. In the short-term, what role does productivity have in dealing with the current problems of rising cost and shortages of labour and energy? Over the long-term, what should the government focus on to address the issues in a fundamental way? To access the Making Public Sector Productivity Practical report referenced in this episode, visit Capita’s website . Host Professor Bart van Ark is joined by: Diane Coyle, Co-director of the Bennett Institute for Public Policy at the University of Cambridge Catherine Mann, External member of the Monetary Policy Committee at the Bank of England Adrian Pabst, Deputy Director at the National Institute of Economic and Social Research (NIESR) For more information on the topic: Diane Coyle, Tax cut vows are a distraction from the UK’s woeful productivity , FT, August 2nd, 2022. Bart van Ark and Diane Coyle, Can public services improve their productivity without new funding? , The Productivity Institute, 2022. Bart van Ark, Making Public Sector Productivity Practical , The Productivity Institute, 2022. Paul Mortimer-Lee and Adrian Pabst, Covid-19 and Productivity: Impact and Implications , NIESR/TPI, 2022. Arnab Bhattacharjee, Max Mosley, Adrian Pabst, and Tibor Szendrei, Outlook for UK Households, the Devolved Nations and the English Regions , NIESR, National Institute UK Economic Outlook – Summer 2022. NIESR/TPI, Productivity in the UK: Evidence Review , June 2022. Philip McCann, Levelling Up: The Need for an Institutionally Coordinated Approach to National and Regional Productivity , The Productivity Institute, 2022. About Productivity Puzzles: Productivity Puzzles is sponsored by Capita and brought to you by The Productivity Institute , a research body involving nine academic institutions across the UK, eight Regional Productivity Forums throughout the nation, and a national independent Productivity Commission to advise policy makers at all levels of government. It’s funded by the Econ

Diane Coyle of Cambridge University joins the Essential Podcast to discuss the critique she offers of the economics profession, as a professional economist. We cover misperceptions of economics in popular culture, false objectivity, reflexivity, and the challenge of AI.

Mainstream economics, says author Diane Coyle, keeps treating people like cogs: self-interested, rational agents. But in the digital economy, we're less sophisticated consumer and more monster under the influece of social media. Listen as the economist and former UK Treasury advisor tells EconTalk host Russ Roberts how, for economics to remain relevant, it needs both more diverse methodologies and more engagement with the broader issues of the day.

In the digital era, data is practically the air we breathe. So why does everybody treat it like a product to be hoarded and sold at profit? How would our world change if Big Tech operated on assumptions and incentives more aligned with the needs of a healthy society? Are more data — or are bigger models — really better? As human beings scamper around like prehistoric mammals under the proverbial feet of the new enormous digital monopolies that have emerged due to the Web’s economies of scale, how might we tip the scales back to a world governed wisely by human judgment and networks of trust? Would Facebook and Twitter be more beneficial for society if they were public services like the BBC? And how do we settle on the social norms that help ensure the ethical deployment of A.I.? These and many other questions grow from the boundary-challenging developments of rapid innovation that define our century — a world in which the familiar dyads of state and market, public and private, individual and institutional are all called into question. Welcome to COMPLEXITY , the official podcast of the Santa Fe Institute . I’m your host, Michael Garfield , and every other week we’ll bring you with us for far-ranging conversations with our worldwide network of rigorous researchers developing new frameworks to explain the deepest mysteries of the universe. This week on Complexity, we speak with two researchers helping to rethink political economy: SFI External Professor Eric Beinhocker is the Professor of Public Policy Practice at the University of Oxford, and founder and Executive Director of the Institute for New Economic Thinking at the University’s Oxford Martin School. He is also the author of The Origin of Wealth: The Radical Remaking of Economics and What It Means for Business and Society. Diane Coyle is the Bennett Professor of Public Policy at the University of Cambridge, and co-director of the Bennett Institute, whose latest book — Cogs and Monsters: What Economics Is, and What It Should Be — was published by Princeton University Press last fall. In the first episode of this subseries, we spoke with SFI President David Krakauer about how the study of political economy has changed over the last two hundred years due to the innovation of new mathematical and computational methods. In this episode, we examine how the technological milieu that empowered these changes has also transformed the subject of study itself: digital surveillance architecture, social media networks, big data, and (largely inadequate) attempts to formalize econometrics have all had a profound impact on modern life. In what ways do new institutions beget even newer institutions to address their unintended consequences? How should we think about the complex relationships between private and public agencies, and what status should we give the data they produce and consume? What is it going to take to restore the trust in one another necessary for society to remain coherent, and what are the most important measures to help economists and policymakers navigate the turbulence of our times into a more inclusive, prosperous, and sustainable world? Subscribe to Complexity Podcast for upcoming episodes with an acclaimed line-up of scholars including Ricardo Hausmann , Doyne Farmer , Steven Teles , Rajiv Sethi , Jenna Bednar , Tom Ginsburg , Niall Ferguson , Neal Stephenson , Paul Smaldino , C. Thi Nguyen , John

Data and the Data Economy are increasingly important issues affecting all of society. Hear from a panel of experts on responsible technology and public policy discussing mental models of how value accrues in the Data Economy, how to form protective legislation and infrastructure, and dealing with extreme concentrations of power and wealth plaguing the data economy. This was originally aired on RxC TV as part of the 2021 RadicalxChange unConference Online. Speakers Sushant Kumar ( @sushants ) As Director on the Responsible Technology team, based in India, Sushant is focused on Omidyar Network’s work on a new data paradigm, with a vision for technology that underpins greater individual empowerment, social opportunity, and user safety. Previously, Sushant was part of the intellectual capital team, helping to define Omidyar Network’s strategy, research, impact, and learning agendas, with a focus on India. Prior to joining Omidyar Network, Sushant was a principal at Accenture Strategy, where he led major initiatives across consumer goods and technology industries. In this role, he advised clients in Europe, Africa, and India growth strategy, operating model transformations, and international expansion. Before Accenture, Sushant worked as a strategist with the GSM Association, and Capgemini, driving thought leadership across policy, consumer technology, and digital media sectors. Sushant earned his MBA from the London Business School and received a Bachelor of Technology from the Indian Institute of Technology (BHU), Varanasi. Diane Coyle ( @DianeCoyle1859 ) Professor Diane Coyle is the Bennett Professor of Public Policy at the University of Cambridge. Diane co-directs the Bennett Institute where she heads research under the themes of progress and productivity. Her latest book is ‘ Markets, State and People – Economics for Public Policy ’ examines how societies reach decisions about the use and allocation of economic resources. Her next book, ' Cogs and Monsters: What Economics Is, and What It Should Be ' is published on 12 October 2021. Diane is also a Director of the Productivity Institute, a Fellow of the Office for National Statistics, an expert adviser to the National Infrastructure Commission, and Senior Independent Member of the ESRC Council. She has served in public service roles including as Vice Chair of the BBC Trust, member of the Competition Commission, of the Migration Advisory Committee and of the Natural Capital Committee. Diane was Professor of Economics at the University of Manchester until March 2018 and was awarded a CBE for her contribution to the public understanding of economics in the 2018 New Year Honours. Matt Prewitt ( @m_t_prewitt ) Matt Prewitt is a lawyer, technologist, and writer. He is President of the RadicalxChange Foundation .

In Cogs and Monsters: What Economics Is, and What It Should Be (Princeton UP, 2021), Diane Coyle explores the enormous problems—but also opportunities—facing economics today if it is to respond effectively to these dizzying changes and help policymakers solve the world’s crises, from pandemic recovery and inequality to slow growth and the climate emergency. Mainstream economics, Coyle says, still assumes people are “cogs”—self-interested, calculating, independent agents interacting in defined contexts. But the digital economy is much more characterized by “monsters”—untethered, snowballing, and socially influenced unknowns. Coyle argues that economic policy is fundamentally normative, as any policy decision will imply political trade-offs. She argues for a more diverse methodological and conceptually inform analysis while reflecting on broader issues of today such as ethics and the challenges of the digital economy. This book has been recognized as the Financial Times Best Economics Book of the Year 2021 and a CapX Book of the Year, 2021. Bernardo Batiz-Lazo is currently straddling between Newcastle and Mexico City. You can find him on twitter on issues related to business history of banking, fintech, payments and other mussings. Not always in that order. @BatizLazo Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/technology