Economics Rules
Book • 2015
In 'Economics Rules,' Dani Rodrik offers a nuanced critique and defense of economics as a discipline.
He argues that economics is not a unified theory but a toolbox of many valid, often contradictory models, each applicable under specific conditions.
Rodrik emphasizes the importance of selecting the right model for the problem at hand and cautions against mistaking any single model for the universal truth.
Drawing on historical examples, including the financial crisis and development economics, he shows how economics can positively influence policy when applied with humility and care.
The book advocates for a more modest but effective economic science that embraces complexity and the limits of universal laws.
He argues that economics is not a unified theory but a toolbox of many valid, often contradictory models, each applicable under specific conditions.
Rodrik emphasizes the importance of selecting the right model for the problem at hand and cautions against mistaking any single model for the universal truth.
Drawing on historical examples, including the financial crisis and development economics, he shows how economics can positively influence policy when applied with humility and care.
The book advocates for a more modest but effective economic science that embraces complexity and the limits of universal laws.
Mentioned by
Mentioned in 0 episodes
Recommended by ![undefined]()
Joe Little
ALO32: AI Booms, Fiscal Strains and the New Macro Regime ft. Joe Little
