Search Results for: Dani Rodrik

What Economics Models Really Say

BOOK REVIEW Economics Rules: The Rights and Wrongs of the Dismal Science, Author: Dani Rodrik. Why is there such an enormous gulf between what economists know and what they say in public? By Peter Turchin – Rodrik notes early in … Continue reading

Economic Theory Is Dead. Here’s What Will Replace It.

BOOK REVIEW Economics Rules: The Rights and Wrongs of the Dismal Science, Author: Dani Rodrik. Nudge: Improving Decisions About Health, Wealth, and Happiness, Authors: Richard H. Thaler and Cass R. Sunstein. Predictably Irrational, Revised and Expanded Edition: The Hidden Forces … Continue reading

The Popular Revolt Against Globalization And The Abdication Of The Left

By Dani Rodrik – As the world reels from the Brexit shock, it is dawning on economists and policymakers that they severely underestimated the political fragility of the current form of globalization. Hyper-globalization in trade and finance, intended to create … Continue reading

Innovation Is Not Enough

By Dani Rodrik – We seem to be living in an accelerated age of revolutionary technological breakthroughs. Barely a day passes without the announcement of some major new development in artificial intelligence, biotechnology, digitization, or automation. The debate is about … Continue reading

The Mirage of Structural Reform

By Dani Rodrik – The theory behind structural reforms is simple: opening the economy to competition will increase the efficiency with which resources are allocated. Open up regulated professions – pharmacies, notaries, and taxicabs, for example – and inefficient suppliers … Continue reading

The smartest economist you’ve never heard of

BOOK REVIEW Economics Rules, Author: Dani Rodrik. The No Breakfast Fallacy, why the Club of Rome was wrong about us running out of resources, Author: Tim Worstall. By Steven Pearlstein – “It was a humiliating lesson for the profession,” said … Continue reading

Death by Finance

By Dani Rodrik – How quickly emerging markets’ fortunes have turned. First, emerging-market hype is just that. Economic miracles rarely occur, and for good reason. Governments that can intervene massively to restructure and diversify the economy, while preventing the state … Continue reading

The Origin of ‘The World’s Dumbest Idea’: Milton Friedman

By Steve Denning – No popular idea ever has a single origin. But the idea that the sole purpose of a firm is to make money for its shareholders got going in a major way with an article by Milton … Continue reading

The Global Future of Europe’s Crisis

By Kemal DerviÅŸ – It is now clear that the eurozone crisis will continue well into 2012. The ECB‘s generous provision of liquidity to European banks at only 1% interest for up to three years has prevented a banking crisis … Continue reading