Many theoretical and applied economists are increasingly being challenged with the mounting inability of erstwhile macroeconomic tools to properly incentivise and regulate the economy. The simple explanation is that our tools are not capable of counterfactual experiments that are key to the 21st-century new economics with tons of digitization and tokenization of goods and services coupled with the internet being the backbone of means of production. The question now is, what are the inherent challenges and prospects that can be harnessed moving forward. Secondly, what role can the Nigerian Economic Society play?

It might interest you to know that Harvard, Stanford and Yale universities are leading to charge to rethink macroeconomics. What can we do to contribute meaningfully to this debate?