Three decades ago, the British economist John Williamson coined the phrase “Washington consensus” to describe a collection of free-market, pro-globalisation ideas that American leaders (among others) were promoting around the world.
Now, however, a new tag is in the air: the “Cornwall consensus”. Don’t laugh. That is really the title of an advisory memo circulated ahead of the G7 leaders meeting in Cornwall on Friday.
Gillian Tett FT 10 June 2021
Eskilsson, Sture, Timbro 1990. Motvind, medvind
A new paradigm for teaching economics does exist