Found 79 article(s) for author 'Dani Rodrik'

Second thoughts on economics rules

Second thoughts on economics rules. Dani Rodrik, 2018, Paper, “When I was a graduate student at Princeton I used to hang out with a group of fellow students who were economic theorists. They were good at both thinking hard and drinking hard! After a couple of beers, I would start bugging them about the models we were being taught. Why do we focus so much on the perfectly rational individual even though real people do not seem to behave quite that way? (This was before the behavioral revolution obviously.) Shouldn’t we be paying a wee bit more attention to disequilibrium, in addition to equilibrium? Why do our models exclude social
and institutional features without which markets could not work? Why do we emphasize math so much and disregard things that cannot be easily quantified?Link

Tags: , , ,

How To Avoid a Trade War

How To Avoid a Trade War. Dani Rodrik, July 10, 2018, Opinion, “Economists typically argue against focusing excessively on the losers from freer trade, and they decry the tendency to overlook the beneficiaries on the export side. They should not be prone to the same fallacy now, by ignoring that US protectionism surely will generate some beneficiaries as well in other countries.Link

Tags: , , , ,

How Democratic Is the Euro?

How Democratic Is the Euro? Dani Rodrik, June 11, 2018, Opinion, “If the European Union is to remain viable and democratic at the same time, policymakers will have to pay closer attention to the demanding requirements of delegating decisions to unelected bodies. They should promote such a delegation of sovereignty only when it truly enhances the long-term performance of their democracies.Link

Tags: , , , , , , , ,

The Double Standard of America’s China Trade Policy

The Double Standard of America’s China Trade Policy. Dani Rodrik, May 10, 2018, Opinion, “Many liberal commentators in the US think that Donald Trump is right to confront China over its trade tactics, and object only to his methods. Yet Trump’s trade agenda is driven by a narrow mercantilism that privileges the interests of US corporations above those of all other.Link

Tags: , ,

The Political Economy of Ideas: On Ideas Versus Interests in Policymaking

The Political Economy of Ideas: On Ideas Versus Interests in Policymaking. Dani Rodrik, March 2018, Paper, “We develop a conceptual framework to highlight the role of ideas as a catalyst for policy and institutional change. We make an explicit distinction between ideas and vested interests and show how they feed into each other. In doing so the paper integrates the Keynes-Hayek perspective on the importance of ideas with the currently more fashionable Stigler-Becker (interests only) approach to political economy. We distinguish between two kinds of ideational politics – the battle among different worldviews on the efficacy of policy (worldview politics) versus the politics of victimhood, pride and identity (identity politics).Link

Tags: , , , , ,

Trump’s Trade Gimmickry

Trump’s Trade Gimmickry. Dani Rodrik, March 9, 2018, Opinion, “The imbalances and inequities generated by the global economy cannot be tackled by protecting a few politically well-connected industries, using manifestly ridiculous national security considerations as an excuse. Such protectionism is a gimmick, not a serious agenda for trade reform.Link

Tags: , , , ,

Max Weber Lecture with Dani Rodrik (Harvard Kennedy School), Fiesole 14 February 2018

Max Weber Lecture with Dani Rodrik (Harvard Kennedy School), Fiesole 14. Dani Rodrik, February 2018, Video, “Dani Rodrik delivered a lecture on ‘Globalisation and the populist backlash’ at the EUI addressing how globalisation has affected the diffusion of populism and the distinctive casues of left-wing and right-wing populism.Link

Tags: , , , ,

Does Europe Really Need Fiscal and Political Union?

Does Europe Really Need Fiscal and Political Union? Dani Rodrik, December 11, 2017, Opinion, “There is a growing sense in Europe, among conservatives and progressives alike, that fiscal and eventual political union is necessary to maintain the euro without damaging economic performance or democratic values. But there is also an alternative, much less ambitious view, according to which only banking union is needed.Link

Tags: , , ,