Feb 22, 2024

Beyond cookie-cutter economics

Dani Rodrik writes – believe it or not, this is in the IMF’s monthly Finance & Development – in a biting critique of free-market orthodoxy:

Economists who want to be relevant and useful must offer concrete solutions to the central problems of our time: speeding the climate transition, creating inclusive economies, promoting economic development in poorer nations. But they must avoid cookie-cutter Econ 101 solutions. Their discipline offers much more than rules of thumb. Economics can help only if it expands our collective imagination instead of reining it in.

Read his piece here.