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david_warsh

Through the Hourglass

by David Warsh on November 12, 2007

From his title on, Dani Rodrik is at pains to identify himself as a neoclassical economist, bred in the bone. He writes, “If I often depart from the consensus that ‘mainstream economists’ have reached in matters of development policy, this has less to do with different modes of analysis than with different readings of the evidence and with different evaluations of the ‘political economy’ of developing nations.” Not to start an argument, if the book were about professional cooking, he might have called it One Chemistry, Many Recipes (and Plenty of Chefs). True, economics is not very much like chemistry, but the reason for Rodrik’s emphasis on the primacy of theory, I think, has less to do with the presence of economics’ many competitors in the development game – political scientists, sociologists, lawyers, business executives, savants of all sorts — than with what happened in mainstream economics itself in the twenty-five years since he began his career.
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