Human society is built on social contracts, but decades of neoliberalism have left many of our most fundamental contracts—worker power, social safety nets, trust in key institutions— in tatters. It’s no wonder that people are pissed off: without fairness, we can’t have cooperation, and without cooperation, we can’t have a strong economy… or a strong democracy. Can we restore the social contracts that served us so well, or has our sense of fairness been damaged beyond repair? Oxford economics professor Eric Beinhocker shares his latest research into the psychology and economics of cooperation.
Eric Beinhocker is a Professor of Public Policy Practice at the Blavatnik School of Government and the Executive Director of the Institute for New Economic Thinking at the University of Oxford’s Martin School.
Twitter: @EricBeinhocker, @INETOxford
Fair Social Contracts and the Foundations of Large-Scale Collaboration https://www.inet.ox.ac.uk/publications/no-2022-26-fair-social-contracts-and-the-foundations-of-large-scale-collaboration
INET Oxford https://www.inet.ox.ac.uk
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This post was originally published on Pitchfork Economics with Nick Hanauer.
