The seminar will cover theoretical and empirical research on the relation between economic and social prosperity. Economic prosperity is primarily about goods and services produced and consumed by economic agents. Social prosperity, by contrast, is about collaborative relationships among agents. These relationships may induce individuals to make decisions beyond enlightened self-interest in order to address collective challenges. In the process, agency becomes distributed across individual and group levels. The relations between these two types of prosperity is discussed. Then we explore consistent measures of social and economic prosperity across G20 member states through time and examine the associated empirical regularities. Finally, policy implications are discussed.
About the speaker
Dennis J. Snower is President of the Global Solutions Initiative, which provides policy advice to the G20. He is Senior Research Fellow of the Blavatnik School of Government, Oxford University; Senior Professor of Macroeconomics and Sustainability at the Hertie School of Governance, Berlin; non-resident fellow of The Brookings Institution and visiting Professor at University College, London. Berlin. Furthermore, he is a Research Fellow at the Center for Economic Policy Research (London), at IZA (Institute for the Future of Work, Bonn), and CESifo (Munich).
Dennis J. Snower was born in Vienna, Austria, where he went to the American International School. He earned a BA and MA from New College, Oxford University, and an MA and a PhD at Princeton University. He served most recently as President of the Kiel Institute for the World Economy, where he is now a president emeritus, and was previously Professor of Economics at Birkbeck College, University of London.
He is an expert on labor economics, public policy and inflation-unemployment tradeoffs. As part of his research career, he originated the “insider-outsider” theory of employment and unemployment with Assar Lindbeck; “caring economics” with Tania Singer; the theory of “high-low search” with Steve Alpern; the “chain reaction theory of unemployment” and the theory of “frictional growth” with Marika Karanassou and Hector Sala. He has made seminal contributions to the design of employment subsidies and welfare accounts. He has published extensively on employment policy, the design of welfare systems, and monetary and fiscal policy.
He has been a visiting professor at many universities around the world, including Columbia, Princeton, Dartmouth, Harvard, the European University Institute, Stockholm University, and the Vienna Institute of Advanced Studies.
Furthermore, he has advised a variety of international organizations and national governments on macroeconomic policy, employment policy and welfare state policy.
INET Oxford Researcher Seminar Series
This seminar series is organised by INET Oxford. The seminars are informal talks designed to showcase our research, to foster collaboration between INET Oxford and the wider University community.