SAFE Policy Lecture: Francesco Caselli (LSE)
Title: Cooperatives and Inclusive Growth
Speaker: Francesco Caselli (LSE)
Moderator: Alexander Ludwig (SAFE and Goethe University)
Francesco Caselli describes a new type of worker cooperative, Incentive Compatible Cooperatives (IC-Coops), which is more resilient and less affected by adverse incentive problems than traditional cooperatives. He argues that IC-coops can successfully compete with traditional outside-owned corporations, and be as effective as engines of economic growth. However, unlike traditional corporations, the growth generated by IC-coops is vastly less unequal.
Francesco Caselli is the Norman Sosnow Professor of Economics at the London School of Economics. He earned his undergraduate degree at the University of Bologna in 1992 and a Ph.D. at Harvard University in 1997. Previous appointments include Assistant Professor of Economics at the University of Chicago Graduate School of Business, and Paul Sack Associate Professor of Economics at Harvard University. His research interests include macroeconomics, economic development and political economy, on which he has published extensively in the major professional journals. He is an elected fellow of the British Academy, the director of the Macroeconomics and Growth Programme at the Centre for Economic Policy Research (CEPR), and an editor of Economica. Previously, he has served as managing editor of the Review of Economic Studies, co-editor of the Journal of Economic Development, member of the governing council of the European Economic Association, member of the LSE growth commission, and director of the macroeconomics programmes at the Centre for Economic Performance (CEP) and the International Growth Centre (IGC).
Since April 2014 Alexander Ludwig is Professor for Public Finance and Debt Management at Goethe University Frankfurt and since July 2015 he is Program Director of the "Macro Finance" research area, one of five under SAFE’s research programs. Since August 2018 he is Head of Department EI (Applied Econometrics and International Economic Policy) at Goethe University Frankfurt. His research interests are in the fields of dynamic macroeconomics with heterogeneous agents, public finance and computational economics. He is also affiliated with the following institutions: CMR, University of Cologne; MEA, Munich; Netspar and ZEW, University of Mannheim. Alexander Ludwig participated in the DFG priority program 1578 and since March 2018 he is project leader of the Norface DIAL project Trends in Inequality: Sources and Policy.
The SAFE Policy Lecture Series aims at fostering debates on policy-relevant issues. We would be pleased to welcome you to this lecture.