David Lipton

Post Brexit vote, a fresh look at globalisation

There were a lot of dramatic headlines over the weekend suggesting that Brexit signals the beginning of the end of globalization. Surely, it is too soon to understand all the ramifications of the British referendum. But at the same time, today is surely a good day to make the case for multilateralism. While there are plenty of reasons to […]

It’s time to reform the price of water

One of the first things most students of economics learn is the diamond and water paradox. How can it be that water is free even though life cannot exist without it, while diamonds are expensive although no one dies for lack of diamonds? The answer is that water can be free if its supply is abundant relative to demand. Nevertheless, […]