Contributor(s): Professor Valerie Ramey | Join us for the 2025 Economica-Phillips Lecture which will be delivered by Valerie Ramey.

Starting in the 1930s, Keynesian fiscal stimulus was the leading policy tool for fighting recessions, but it subsequently fell out of favor with the discovery of the permanent income hypothesis and evidence for the effectiveness of monetary policy. However, Keynesian fiscal stimulus re-emerged as an important policy tool when interest rates hit the effective lower bound during the Global Financial Crisis. Most policymakers and many academics now believe that temporary transfers, infrastructure spending, and other types of government purchases and tax programs are effective ways to fight recessions. This lecture revisits the evidence for this view. Using a variety of methods to check the plausibility of some of the leading estimates and models, it identifies cases in which these types of spending did not appear to stimulate the macroeconomy as intended. It also discusses the costs of fiscal stimulus, both in terms of the ratcheting up of the government debt-GDP ratio and the negative effects of distortionary tax finance on GDP.

Contributor(s): Professor Michèle Lamont | Join us for this lecture in which Michèle Lamont will discuss her book Seeing Others: How Recognition Works and How it Can Heal a Divided World.

She will also discuss ongoing collaborative research on whether and how American and British young workers in the “two Manchesters” are searching for recognition through politics; how indigenous people in Canada and Micronesia are seeking recognition through environmental justice and jobs, and the challenge of seeking recognition where it is impossible to obtain.

Contributor(s): Dr Suleman Lazarus, Professor Andrew Murray, Lisa Mills, Nikki MacLeod | This episode of LSE iQ looks at how we can avoid falling for online scams. We think it couldn’t happen to us, but incidents of online fraud are escalating at an alarming rate, affecting all areas of our day-to-day lives, from social media and dating apps to banking and business.

As AI deepfakes and impersonation tactics become more advanced, scammers are finding new ways to exploit us, leaving victims emotionally and financially devastated.

In this episode Oliver Johnson talks to a victim of a devastating romance scam, he hears about what motivates some of the fraudsters and what legal protections we have in the battle against the scammers.

Contributors: Dr Suleman Lazarus, Professor Andrew Murray, Lisa Mills, Nikki MacLeod

Research:

Fraud as Legitimate Retribution for Colonial Injustice, Dr Suleman Lazarus et al

Examining fifty cases of convicted online romance fraud offenders Dr Suleman Lazarus et al

Information Technology Law Professor Andrew Murray

Rethinking the Jurisprudence of Cyberspace Professor Andrew Murray et al

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Contributor(s): Professor Jo Sharp | Join us for the Sylvia Chant Lecture which this year will be delivered by Jo Sharp, Geographer Royal for Scotland.

Over the 25 years that Professor Sharp has been working on international development projects, the concept of empowerment has become mainstreamed. As participatory approaches have become more commonplace, the focus has moved to people as the source of change. But how – and why – this change happens is not always so clear.

This talk draws on two research collaborations: one with Bedouin women and local academics in Egypt’s south-eastern desert, and another with an interdisciplinary and international One Health project in northern Tanzania. Reflecting on these experiences, Professor Sharp will explore the assumptions we make about people’s abilities and desires to act as agents of change.

Contributor(s): Alexander Stubb | Join us for this special event with LSE alumnus and President of Finland Alexander Stubb.

Cai-Göran Alexander Stubb is the 13th President of the Republic of Finland. His inauguration took place on 1 March 2024. During his career, Alexander Stubb has served as a member of the European Parliament, Minister for Foreign Affairs of Finland, Minister for European Affairs and Foreign Trade of Finland, Prime Minister of Finland and Finance Minister of Finland representing the National Coalition Party. He was also Chairman of the National Coalition Party from 2014 to 2016. Before his election as President of the Republic, Stubb was director and professor of School of Transnational Governance, European University Institute. Stubb is an enthusiastic friend of sports and literature.

Contributor(s): Professor Tiziana Leone | This inaugural lecture will look at key issues in the study of women’s health through the lens of reproductive histories, looking at both contingent and cumulated events to include physical and mental shocks such as conflict and disasters which would eventually have an impact later in life.

The overview will start with the challenges of studying this topic in a low resource settings. It will then focus on key challenges and priorities in social science research from menarche to menopause and beyond going via key events such as abortion, maternal health care services in order to understand how women’s ageing process can be affected by their reproductive pathways.

Contributor(s): Dr Gary Marcus | Is Generative AI morally and technically inadequate? Can we separate the hype around AI from its real potential? Gary Marcus describes the current situation as a perfect storm of corporate irresponsibility, widespread adoption of AI tools, a lack of regulation and a huge number of unknowns.

Marcus has a deep love for AI and its potential for humanity, for years he’s foreseen AI’s abilities and limitations well ahead of other experts – from anticipating current problems with driverless cars in 2016 to accurately predicting issues with ChatGPT-4 well before its release.

Contributor(s): Professor Denisa Kostovicova | In her inaugural lecture, Denisa Kostovicova discusses how former opponents engage with the legacy of mass atrocity.

War crimes need to be addressed, if peace is to be built. But, in divided societies polarised by violence, war crimes talk can deepen the divisions. Kostovicova draws on her study of post-conflict Balkans and presents lessons for contemporary conflicts. She locates the possibilities for peace in political communication across conflict lines, assesses the risks and considers alternatives, such as arts-based approaches.

Contributor(s): Professor James A Robinson | Join us for this special lecture by LSE alumnus and co-recipient of the 2024 Nobel Prize in economics James A Robinson.

During his talk, Professor Robinson will propose a new interpretation of African society, history and political and economic trajectories based on the notion of wealth in people and its institutionalizations.

Contributor(s): Dr Michela Giorcelli | British business productivity growth has been lagging for the past couple of decades, and key to the Labour government’s goal of improving economic growth is raising productivity. This lecture explores a period of very high productivity growth in history, WWII, to understand the sources of productivity growth generally. Traditionally, World War II has been considered the source of “an extraordinary surge of growth” in the US, thanks to the advancements in science and technology it pushed. Michela Giorcelli argues that wartime was also a major inflection point in the history of American business.

The large-scale diffusion of innovative management practices to US firms involved in war production acted as a technology that put them on a higher growth path for decades, but also helped creating the “American Way” of business.