2008 Reports

Dynamism and Inclusion: What? Why? How?

Phelps, Edmund S.

My thesis in recent years is that a just society requires the good economy; the good economy requires high dynamism and wide inclusion; and these qualities require a well-chosen mix of economic policies: some aimed at dynamism, some at inclusion. If further goals of economic policy are valuable, as productivity might be, either they derive value from what their achievement would add to dynamism or inclusion or their pursuit does not get in the way of dynamism or inclusion.