The economist Alice Amsden’s work unmasked the dirty secret underlying capitalist development: it relied on states breaking all the rules of the free market. But her work also showed that industrialization required corporate discipline, not welfare. For American defenders of economic liberalism and free markets, China’s rise has been deeply disorientating. Unmoved by concerns about […]| Developing Economics
Defenders of capitalism argue that cooperation is undermined by individuals’ tendency to take more from society than they contribute. The economist Elinor Ostrom refuted this idea, but without iden…| Developing Economics
I was hoping for that Handle-Levin debate, but alas, due to scheduling conflicts, it was not to be. Heh, probably for the best.| askblog