Anthony Evans on Rodrik's Capitalism 3.0 Lecture at LSE

The other day I posted about the then upcoming lecture of Dani Rodrik, well the lecture has come and gone, but economists Anthony Evans was in attendence and provides this report.

Comments

[Arare Litus]

Why Rodrik's talk is worth listening to:

We currently live a state indistinguishable from pure anarchy -

http://arare-litus.blogspot.com/2009/06/what-happens-when-bullies-confront.html

Each "anarchic" group is pushed up to their neighbors, and are interacting. Now what?

[Greg Ransom]

Besides the fact that he is at Harvard, this review doesn't much convince that Rodrik has much to say that people need to pay attention to. I ask again, besides the self-evident fact of his power within the profession, what does Rodrik bring to the table that is both 1) new and 2) important.

I'm sure it something. It can't be simply that Rodrik thinks "institutions" are important, other than perhaps the significance of having the power of Harvard as a platform for saying this.

[Arare Litus]

Greg,

"It can't be simply that Rodrik thinks "institutions" are important".

True, though he fills a nice niche between two camps and uses arbitrage to gain insights from each camp and this does go a long way, I believe, in explaining his popularity - simply having an open mind towards ideas and data is surprisingly rare in academia.

I, like you, would like to hear the economic insiders say something on this - but to me, it seems his import is taking constraints on growth seriously, as well as taking a wide view and finding interesting patterns in order to discuss economics. i.e. he sees economics as a study of human society, versus just dry applied math, and he seriously studies stories and examples in order to glean insights.

To me, Dani's success is due to a sharp and open mind, a deep respect for narrative and a search for economic insights from such narrative, and his niche between two camps - the "right" and the "left" - where he takes the best of both worlds. Oh, yeah, he is also a very clear writer and can use mathematics in a clear and useful way.

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