In this speech, Mervyn King, Deputy Governor, reflects on the first five years of the Monetary Policy Committee. He poses four questions about the role and record of the MPC. First, why give the power to decide interest rates to a committee rather than an individual? Second, does it matter that...

We consider a committee that makes a decision on a project on behalf of 'the public'. Members of the committee agree on the a priori value of the project, and hold additional private information about its consequences. They are experts who care both about the value of the project and about being...

Many of humanity’s most pressing and challenging problems - such as environmental degradation, physical and economic security, and public health - are inherently complex (involve many different interacting components) as well as widely impactful (effect many diverse stakeholders). Solving such...

What, exactly, is leadership? Leadership is about motivating a group of people to achieve a common goal. Ever since the dawn of the field of leadership, people have craved an understanding of invisible mental processes that underlie visible behavior. Why do people behave the way they do? Where...