Joseph Stiglitz on Pioneering Economic Theories, Policy Challenges, and His Intellectual Legacy
Conversations with Tyler
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Reevaluating Decision-Making: Hierarchies vs. Decentralization
This chapter delves into the evolution of economic theories focusing on decision-making frameworks, contrasting hierarchies with decentralized systems. It shares insights from experiences in Washington D.C., emphasizing the challenges of human fallibility in hierarchical structures and the complexities of evaluating project effectiveness.
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