A new consensus? Economic principles for the 21st century

Published in 1990, John Williamson’s Washington Consensus set out a “free-market” economic paradigm that has shaped our economies and societies. 35 years later, is another set of economic principles emerging? The London Consensus brings together 50 world-leading economists and policy experts to consider this question. Its editors, LSE’s Tim Besley, Irene Bucelli and Andrés Velasco spoke to LSE Review of Books Managing Editor Anna D’Alton. The London Consensus: Economic Principles for the 21st Century. Irene Bucelli, Tim Besley and Andrés Velasco (editors). LSE Press. 2025.