Comments on: Rodrik on the Washington Consensus

By: Club Troppo » Congratulations Dani Rodrik - winner of the Albert O. Hirschman Prize

Tue, 01 May 2007 01:45:38 +0000

[...] Yes folks you heard about it first on Troppo. A while back I came across a terrific article by Dani Rodrick – “Goodbye Washington Consensus, Hello Washington Confusion? A Review of the World Bank

By: Club Troppo » Industry policy just might work

Club Troppo » Industry policy just might work — Sun, 15 Apr 2007 07:16:51 +0000

[...] That was until the more recent and much more modest effort by the World Bank written up by Dani Rodrik and discussed by James Farrell on Troppo. As Rodrik points out it is certainly true that egregious departures from basic market and [...]

By: Rafe Champion

Rafe Champion — Wed, 11 Apr 2007 11:18:43 +0000

Thanks to Nicholas for a recent heads up on this paper which appeared in the December 2006 edition of the Journal of Economic Literature. It exemplifies the kind of country by country, case by case “situational analysis” methodology which can be traced to various sources, among them the Austrians, the early Talcott Parsons (1937) and R G Collingwood. Rodrik previously wrote a paper on the way that the holistic analysis by cross-country regression models has not been helpful.

Check out especially section 6 of the paper on the practical agenda for formulating growth strategies.

The kind of analysis that Rodrik practices in this paper fits like a glove with the “new political economy” that is being developed by the “Boettke Boys” at George Mason University.

http://economics.gmu.edu/pboettke/pubs/2005/new_comparative.pdf

http://economics.gmu.edu/pboettke/pubs/2006/Role_of_the_Economist_-_Final.pdf

By: Nicholas Gruen

Nicholas Gruen — Tue, 03 Apr 2007 07:12:39 +0000

Have just read the paper James commented on. It is marvellous. Unlike a lot of similarly clever economists, Rodrik is very sensible. At least in all the things of his I’ve read recently.

By: James Farrell

James Farrell — Sat, 03 Feb 2007 10:50:42 +0000

Evidently you didn’t read my last paragraph, Jason.

But thanks for explaining the allusion. Keep up the good work.

By: Jason Soon

Jason Soon — Sat, 03 Feb 2007 01:07:07 +0000

This is the best that the alleged best mind in development economics can come up with? A paraphrase of Mao’s ‘let a thousand flowers bloom?’

Why not just shut up shop and move to the English department?

By: fatfingers

fatfingers — Fri, 02 Feb 2007 14:06:34 +0000

Watch out, you’ll have Rafe down your throat for this. :-)

By: Nicholas Gruen

Nicholas Gruen — Fri, 02 Feb 2007 06:45:06 +0000

Yes – not one size fits all but look for the constraint and try to alleviate it. Rather like Jeff Sachs describes his own approach – except for the fact that Jeff Sachs is anything but humble – which is a problem!