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Dani Rodrik: when economics works and when it doesn’t

Economists need to explain what they do better

By Jonathan Derbyshire  

The economist Dani Rodrik, a professor at Harvard, recently spent a couple of years at Princeton’s Institute for Advanced Study. In his new book, “Economics Rules: Why Economics Works, When it Fails, and How to Tell the Difference,” he recalls just what a “mind-stretching experience” that sojourn was. He found that many of the visitors to the Institute’s School of Social Sciences, prominent academics from other disciplines, harboured a deep “suspicion…

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