Search Results for: Dani Rodrik

Rescuing Economics From Neoliberalism

By Dani Rodrik – As even its harshest critics concede, neoliberalism is hard to pin down. In broad terms, it denotes a preference for markets over government, economic incentives over social or cultural norms, and private entrepreneurship over collective or … Continue reading

Economists: Too Much Ideology, Too Little Craft

By Simon Wren-Lewis – One of the features of mainstream economics today is the huge diversity of models that are around. Academic prestige tends to come to those who add to that number. But how do you decide which model … Continue reading

Why nation-states are good

BOOK REVIEW Straight Talk on Trade: Ideas for a Sane World Economy, Author: ani Rodrik. By Dani Rodrik – A principled defense of the nation-state would start from the proposition that markets require rules. Markets are not self-creating, self-regulating, self-stabilizing … Continue reading

Five Stages of Economic Grief

BOOK REVIEW Economyths: 11 Ways That Economics Gets it Wrong, Author: David Orrell. A Failure of Capitalism: The Crisis of ’08 and the Descent, Author: Richard Posner. Economics Rules, Author: Dani Rodrik. The Trouble With Physics, Author: Lee Smolin. By … Continue reading

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