Found 103 article(s) for author 'Dani Rodrik'

Economists vs. Economics

Economists vs. Economics. Dani Rodrik, September 10, 2015, Opinion. “Ever since the late nineteenth century, when economics, increasingly embracing mathematics and statistics, developed scientific pretensions, its practitioners have been accused of a variety of sins. The charges – including hubris, neglect of social goals beyond incomes, excessive attention to formal techniques, and failure to predict major economic developments such as financial crises – have usually come from outsiders, or from a heterodox fringe. But lately it seems that even the field’s leaders are unhappy. Paul Krugman, a Nobel laureate who also writes…” Link

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Economics Rules: Why Economics Works, When It Fails, and How to Tell the Difference

Economics Rules: Why Economics Works, When It Fails, and How to Tell the Difference. Dani Rodrik, 2015, Book, “Delegates from forty-four nations met in the New Hampshire resort of Bretton Woods in July 1944 to construct the postwar international economic order. When they left three weeks later, they had designed the constitution of a global system that would last for more than three decades. The system was the brainchild of two economists; the towering English giant of the profession, John Maynard Keynes; and the US Treasury official Harry Dexter White. Keynes and White differed on many matters, especially...Link

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The Political Economy of Liberal Democracy

The Political Economy of Liberal Democracy. Dani Rodrik, July 2015, Paper. “We distinguish between three sets of rights – property rights, political rights, and civil rights – and provide a taxonomy of political regimes. The distinctive nature of liberal democracy is that it protects civil rights (equality before the law for minorities) in addition to the other two. Democratic transitions are typically the product of a settlement between the elite (who care mostly about property rights) and the majority (who care mostly about political rights). Such settlements rarely produce liberal democracy, as the minority has neither the resources nor the numbers to make a contribution at the bargaining table...” Link

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Premature Deindustrialisation in the Developing World

Premature Deindustrialisation in the Developing World. Dani Rodrik, February 12, 2015, Opinion, “Mention “deindustrialization,” and the image that comes to mind is that of advanced economies making their way into the post-industrial phase of development. In a new paper,[1] I show that the more dramatic trend is one of deindustrialization in the developing countries. This is a trend that is appropriately called premature deindustrialization, since it means that many (if not most) developing nations are becoming service economies without having had a proper experience of industrialization.Link

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Premature Deindustrialization

Premature Deindustrialization. Dani Rodrik, 2015, Paper. “I document a significant deindustrialization trend in recent decades, that goes considerably beyond the advanced, post‐industrial economies. The hump‐shaped relationship between industrialization (measured by employment or output shares) and incomes has shifted downwards and moved closer to the origin. This means countries are running out of industrialization opportunities sooner and at much lower levels of income compared to the experience of early industrializers. Asian countries and manufactures exporters have been largely insulated from those trends…” Link

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When Ideas Trump Interests: Preferences, World Views, and Policy Innovations

When Ideas Trump Interests: Preferences, World Views, and Policy Innovations. Dani Rodrik, Paper, November 2014. “Ideas are strangely absent from modern models of political economy. In most prevailing theories of policy choice, the dominant role is instead played by “vested interests”—elites, lobbies, and rent-seeking groups which get their way at the expense of the general public. Any model of political economy in which organized interests do not figure prominently is likely to remain vacuous and incomplete. But it does not follow from this that interests are the ultimate determinant of political outcomes. Here I will…” Link

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Piketty and the Zeitgeist

Piketty and the Zeitgeist. Dani Rodrik, May 13, 2014, Opinion. “I get the same question these days wherever I go and from whomever I meet: What do you think of Thomas Piketty? It’s really two questions in one: What do you think of Piketty the book, and what do you think of Piketty the phenomenon?…” Link verified June 19, 2014

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The Growing Divide Within Developing Economies

The Growing Divide Within Developing Economies, Dani Rodrik, April 11, 2014, Opinion. “When researchers at the McKinsey Global Institute (MGI) recently dug into the details of Mexico’s lagging economic performance, they made a remarkable discovery: an unexpectedly large gap in productivity growth between large and small firms. From 1999 to 2009, labor productivity had risen by a respectable 5.8% per year in large firms with 500 or more employees. In small firms with ten or fewer employees, by contrast, labor productivity growth had declined at an annual rate of 6.5%…” Link

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