Enter third-wave economics
How the pandemic reshaped the dismal science
AS PART OF his plan for socialism in the early 1970s, Salvador Allende created Project Cybersyn. The Chilean president’s idea was to offer bureaucrats unprecedented insight into the country’s economy. Managers would feed information from factories and fields into a central database. In an operations room bureaucrats could see if production was rising in the metals sector but falling on farms, or what was happening to wages in mining. They would quickly be able to analyse the impact of a tweak to regulations or production quotas.
This article appeared in the Briefing section of the print edition under the headline “The real-time revolution”
Briefing October 23rd 2021
From the October 23rd 2021 edition
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Has the war in Gaza radicalised young Palestinians?
After Gaza, how will the Palestinians try to build their state?
A year on, Israeli society is divided about the lessons of October 7th
Hawks and doves, religious and secular, right and left—all the old cleavages are resurfacing
The bloodshed in the Middle East is fast expanding
Israel seems certain to retaliate to Iran’s missile attack
What Hamas misunderstood about the Middle East
A war meant to draw in the militant group’s allies has instead left them battered
After the decapitation of Hizbullah, Iran could race for a nuclear bomb
The embattled clerical regime might feel the need for stronger deterrence
Ukraine is on the defensive, militarily, economically and diplomatically
Russian advances, fatigue among its allies and political divisions at home leave it in a bind