Economics would be better served by complementing the backward looking approach inherent in algorithms, models and data with plain English, common sense and forward looking signals. Signals can help us identify trends as they unfold in the world economy, which data only confirm after it's too late to invest or to form a policy solution.
Pippa Malmgren (@DrPippaM) is a former Presidential advisor, bestselling author, robotics manufacturer, advisor to institutional investors, former Chief Currency Strategist at Bankers Trust and Deputy Head of Strategy at UBS. She was the winner of the 2015 Intelligence Squared Robotics Debate. She is an alumna of LSE. Her latest book is Signals: How Everyday Signs Can Help Us Navigate the World's Turbulent Economy.
Michael Cox is Director of LSE IDEAS and Emeritus Professor of International Relations at LSE.
The Department of International Relations (@LSEIRDept) is now in its 88th year making it one of the oldest and largest in the world.
LSE IDEAS (@LSEIDEAS) is a foreign policy think-tank within LSE's Institute for Global Affairs.
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