New Books in Economics Dani Rodrik (Harvard Kennedy School Economics Professor) on Industrial Policy, Globalization and His Career
Apr 11, 2024
Dani Rodrik is a Ford Foundation Professor of International Political Economy at Harvard’s Kennedy School, recognized for his insights on globalization and industrial policy. In this discussion, he shares his academic journey from Turkey to the U.S., emphasizing the integration of political science and economics. Rodrik argues for a transformative approach to industrial policy, addressing the labor market impacts of globalization and automation. He highlights the importance of creating good jobs for societal well-being and critiques current neoliberal economic practices.
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Unpleasant Job Talk Experience
- Dani Rodrik experienced hostility during his University of Chicago job talk, including a rude interruption questioning his knowledge of tariffs.
- This unpleasant experience likely influenced his decision not to pursue a career in economics departments like Chicago's.
Industrial Policy and Good Jobs
- Industrial policy is essential for effective structural transformation and productivity growth, particularly in services.
- Good jobs creation through industrial policy strengthens the middle class and societal cohesion.
Value of Good Jobs Beyond Income
- Good jobs provide utility beyond income through social recognition and purpose, crucial for well-being.
- Their disappearance harms social fabric, raising mortality, crime, and political polarization.