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  • Published: 4 March 2021
  • ISBN: 9781473576995
  • Imprint: Vintage Digital
  • Format: EBook
  • Pages: 256

What We Owe Each Other

A New Social Contract




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.

  • Published: 4 March 2021
  • ISBN: 9781473576995
  • Imprint: Vintage Digital
  • Format: EBook
  • Pages: 256

About the author

Minouche Shafik

Nemat (Minouche) Shafik is Director of the LSE. In 2017 she launched a programme of research, 'Beveridge 2.0', to rethink the welfare state for the 21st century. As the youngest ever Vice President of the World Bank, Permanent Secretary of the Department for International Development, Deputy Managing Director of the International Monetary Fund and as Deputy Governor of the Bank of England, Minouche Shafik has worked on major policy upheavals across the globe – from the fall of the Berlin Wall, to the Arab Spring, to the financial crash in 2008 and the Eurozone crisis. She was made a Dame Commander of the British Empire in the Queen’s Birthday Honours list in 2015.

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