Hay Festival March Book of the Month
One of the world's most influential economists sets out the basis for a new social contract fit for the 21st century.
The social contract shapes everything: our political institutions, legal systems and material conditions, but also the organisation of family and community, our well-being, relationships and life prospects. And yet everywhere, the social contract is failing.
Accelerating changes in technology, demography and climate will reshape our world in ways many of us have yet to grasp. In this landmark study, Minouche Shafik, Director of the London School of Economics, draws on evidence from across the globe to identify the key principles every society must adopt if it is to meet the challenges of the coming century, with profound implications for gender equality, education, healthcare provision, the role of business and the future of work.
How should society pool risks, share resources and balance individual with collective responsibility? Brilliantly lucid and accessible, What We Owe Each Other
offers new answers to these age-old questions and equips every reader to understand and play their part in the urgent and necessary transformation ahead.
"A necessary contribution at a turning-point in history. Minouche Shafik maps out the great challenges of our time and inspires us to rise to them. Her book is a must-read for policymakers - as well as anyone interested in making the world a better place" - Ursula von der Leyen, President of the European Commission.Published on 4th March. Pre-orders will be despatched on that day.