Development economists should stop acting as categorical advocates (or detractors) for specific approaches to development. They should instead be diagnosticians, helping decisionmakers choose the right model (and remedy) ...

We distinguish between ideational and interest-based appeals to voters on the supply side of politics, and integrate the Keynes-Hayek perspective on the importance of ideas with the Stigler-Becker approach emphasizing ...

We are today in the midst of a transition away from what has come to be called “neoliberalism,” with much uncertainty about what will replace it. We might approach the absence of a solidified new paradigm with mixed feelings. ...

Economists have generally underplayed until recently globalization’s role in exacerbating inequality in the advanced economies. But in the public imagination globalization’s adverse effects have loomed much larger, ...

The main purpose of industrial policy is to speed up the process of structural change towards higher productivity activities. This paper builds on our earlier writings to present an overall design for the conduct of ...

Revised edition. When local cost discovery generates knowledge spillovers, specialization patterns become partly indeterminate and the mix of goods that a country produces may have important implications for economic growth. ...