“If economics were only about profit maximization, it would be just another name for business administration. It is a social discipline, and society has other means of cost accounting besides market prices.” — Dani Rodrik Copy Share Image
Unlike national markets, which tend to be supported by domestic regulatory and political institutions, global markets are only 'weakly embedded'. There is no global… — Dani Rodrik Copy Share
“The economics we need is of the "seminar room" variety, not the "rule-of-thumb" kind. It is an economics that recognizes its limitations and caveats… — Dani Rodrik Copy Share
“At any rate, the lesson from history seems to be that continued globalization cannot be taken for granted. If its consequences are not managed… — Dani Rodrik Copy Share
What determines success in industrial policy is not the ability to pick winners but the capacity to let the losers go. — Dani Rodrik Copy Share
“If economics were only about profit maximization, it would be just another name for business administration. It is a social discipline, and society has… — Dani Rodrik Copy Share
