Economics

We've had a collective gap of imagination around economic bridges. We know how to build bridges; we just don't build them.

Dean of Columbia Business School & Economic Policy Advisor

If you eliminate dynamism, you don't have growth for anybody, everyone loses. Rather than just having some people who are disadvantaged, everyone becomes disadvantaged.

Dean of Columbia Business School & Economic Policy Advisor

Running a business is a challenging job, but until relatively recently, that job was simplified to the extent that you had one target – make as much money as you can for the shareholders. Now, you have to balance a multitude of targets which makes it much more challenging.

This isn't about shareholders becoming like Greenpeace but realising that return on investment requires you to understand your risks and that requires you to understand, and act on, your relationship with society.

People don't know what it is that they're negotiating over… If you don't, then it's hard to know if you've gotten a bad deal, a fair deal, or a great deal! That's going to lead us to the negotiation pie, and with the negotiation pie comes the extra value that negotiators create by coming together.

Co-Author of "Co-opetition" & Yale School of Management Professor

We are living longer and measuring GDP growth is not the way to decide whether a society or an economy are flourishing.

Over this 99.9% of human existence, when technology advances, population advances and counterbalances any potential increase in human prosperity. Suddenly once technological progress reaches a tipping point, families start to invest in education, they economise on the number of children, and technological progress is converted into richer people rather than into more people.

Economist known for unified growth theory explaining long-term economic development

World income per capita has increased 14-fold in the past 200 years, whereas over 300,000 years of human existence, it hardly changed. I describe it as the mystery of growth, namely what generated this dramatic transformation in the standard of living over the past 200 years after literally 300,000 years of stagnation?

Economist known for unified growth theory explaining long-term economic development

For the creator economy, NFTs represent a way for creators and producers of content to directly engage with the people who support them. It's a completely different model… a way for artists and creators to monetise much more effectively than incumbent platforms.

Co-Founder and CEO of OpenSea, leading NFT marketplace platform

Existing platforms don't necessarily have the best business models for creators, nor do they enable creators to interact directly with their fans in a way that value can pass directly to the people who are producing the creative work.

Co-Founder and CEO of OpenSea, leading NFT marketplace platform

You don't have to choose a business that's going to drown you, be a treadmill, or suck you underneath. You can start slow, make a bit of money and then double down. You don't have to risk it all at the beginning.

Reality TV Star & Founder of Skinnygirl Cocktails Brand

You can't force people to change- you have to find their passion and implement based on that. The economist, Dambisa Moyo, showed that even though $2.5trillion has been invested in aid, Africa is now net-poorer than 50 years ago.

Uncertainty creates a strategic incentive for a rational man to go to war. That's not necessarily a mistake as, at the moment, people may wish they had better information, but they may also realise they've made the optimal choice.

Economist specializing in conflict, development, and poverty research

We go to war not because we ignore the costs, but because we know there are costs, but we are willing to pay those costs because we get something from the war which we wouldn't get otherwise.

Economist specializing in conflict, development, and poverty research

We are all strategists or game theorists at heart – it took several decades of people writing-down models and articles before we recognised what we know from playing poker; we don't know our opponent's hand.

Economist specializing in conflict, development, and poverty research

If you look at the balance sheets of Fortune 500 companies 50 years ago and today, you can see that 50 years ago, 80% of the value was physical stuff. Today, more than 85% of the value consists of intangibles. Companies must become so much more now that their value comes from their ability to inspire, drive and organise human beings.

Editor of Fortune Magazine & Wall Street Journal columnist