Building A New Economics for Human Flourishing | Eric Beinhocker

In this episode of the Oxford Policy Pod, MPP students Diego Peñaranda and Isabella Notarpietro sit down with Eric Beinhocker, founder and Executive Director of the Institute for New Economic Thinking (INET) at the University’s Oxford Martin School and Professor of Public Policy Practice at the Blavatnik School of Government.Beinhocker introduces complexity economics, or “new economics” as he calls it, and explains how this emerging paradigm changes the way we understand the economy, approach public policy, and tackle major challenges such as artificial intelligence and the energy transition.The discussion also explores Beinhocker’s upcoming book, Market Humanism, which makes the case for reshaping our economy and politics around the goal of human flourishing to build a more just, sustainable, and prosperous society.Further information on Beinhocker’s work can be found in the links below:Markets Built for Humans policymaker booklet: https://www.marketsbuiltforhumans.org/“The Economic Experiment That Upended Reality”, The Atlantic: https://www.theatlantic.com/ideas/2026/05/minimum-wage-experiment-worked/687255/“Market Humanism: A New Paradigm for a New Era”, Democracy Journal: https://democracyjournal.org/magazine/81/market-humanism-a-new-paradigm-for-a-new-era/Institute for New Economic Thinking (INET) Oxford research centre: https://www.inet.ox.ac.uk/