Only clear targets can transform rational self-interest from a potentially catastrophic force into a powerful driver of beneficial change.
For Adair Turner's latest contributions to The Japan Times, see below:
Excessive monetary finance is hugely harmful, and it is dangerous to view it as a costless way to solve long-term challenges.
But it will not be achieved without strong public policies and forward-looking business strategies.
The commonplace gloom about Japan's prospects is grossly overdone — many countries would be lucky to have its problems.
China's huge and increasingly affluent domestic market will make exports less vital to growth.
Over the next year, the bitcoin price could double, soar tenfold, or collapse by 95 percent or more, and no economic analysis can help predict where in that range it will lie.
China could become a highly respected and admired leader in the fight against global climate change.
China's continued economic success calls into question longstanding assumptions about the optimal balance of state and market mechanisms in driving economic development.
The benefits of having a rapidly growing youthful population is fast fading as advances in automation reduce labor-intensive employment opportunities.
Dramatic progress in renewable electricity is a hugely positive development; but the benefits are most easily grasped in developed, relatively sparsely populated countries.