Dani Rodrik
The New Mercantilist Challenge
CAMBRIDGE – The history of economics is largely a struggle between two opposing schools of thought, “liberalism” and “mercantilism.” Economi…
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Since the 2008 financial crisis, market-based economies in the West have experienced sharp downturns, exacerbating economic and social inequality, whereas state-capitalist economies, largely in the developing world, have maintained relatively strong growth, lifting millions out of poverty. Which model is right for the post-crisis global economy?
The Clash of the Capitalisms
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Daron Acemoglu, James A. Robinson
Is State Capitalism Winning?
CAMBRIDGE – In the age-old contest of economic-growth models, state capitalism has seemed to be gaining the upper hand in recent years. Avat…
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Michael J. Sandel
The Moral Limits of Markets
TOKYO – Today, there are very few things that money can’t buy.If you are sentenced to a jail term in Santa Barbara, California, and don’t li…
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Robert Skidelsky
Inequality is Killing Capitalism
LONDON – It is generally agreed that the crisis of 2008-2009 was caused by excessive bank lending, and that the failure to recover adequatel…
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Kemal Derviş
What Role for the State?
WASHINGTON, DC – The financial crisis of 2008 has spurred a global debate on how much government regulation of markets – and what kind – is …
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Ana Palacio
Giving the Well-Performing State Its Due
MADRID – The triumph of democracy and market-based economics – the “End of History,” as the American political philosopher Francis Fukuyama …
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Saifedean Ammous, Edmund S. Phelps
Blaming Capitalism for Corporatism
NEW YORK – The future of capitalism is again a question. Will it survive the ongoing crisis in its current form? If not, will it transform i…
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Harold James
Schadenfreude Capitalism
PRINCETON – The protracted financial and economic crisis discredited first the American model of capitalism, and then the European version. …
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Mark Roe
How Capitalist is America?
CAMBRIDGE – If capitalism’s border is with socialism, we know why the world properly sees the United States as strongly capitalist. State ow…
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Dani Rodrik
Is Chinese Mercantilism Good or Bad for Poor Countries?
CAMBRIDGE – China’s trade balance is on course for another bumper surplus this year. Meanwhile, concern about the health of the US rec…
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