In the second edition of UNESCO’s Albert Hirschman Lecture series, development economist and ICRICT Co-Chair Jayati Ghosh explores how globalization and inequality demand a fundamental rethinking of today’s economic paradigms.

Drawing on her extensive work on development, economic justice, and global governance reform, Ghosh examines how orthodox economic models often neglect power relations, structural inequalities, and environmental limits — and argues for more socially grounded approaches that can build fairer, more resilient societies.