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Dani Rodrik: Straight talk on trade—ideas for a Sane World Economy

Dani Rodrik: Straight talk on trade—ideas for a Sane World Economy Bus Econ (2018) 53:232–233 https://doi.org/10.1057/s11369-018-0088-y BOOK REVIEW Dani Rodrik: Straight talk on trade—ideas for a Sane World Economy Princeton University Press Stuart P. M. Mackintosh Published online: 13 July 2018 National Association for Business Economics 2018 Dani Rodrik makes a key confession in Straight Talk on criticism rings true. Voters are angry because they feel Trade. Not a personal but a professional one, and one much disconnected from political and economic decision making, needed by economists. He confesses the economics com- and they often are, as Larry Bartels in Unequal Democracy munity has made a grave mistake in the long-running (Bartels 2016) and others, such as Luigi Zingales in A decision to ‘‘champion free trade and not dwell too much Capitalism for the People (Zingales 2014), have made very on the fine print.’’ Rodrik states that ‘‘this reluctance to be clear. Technocratic global (World Trade Organization) and honest about free trade has cost economists credibility with regional (European Union and other) solutions have unin- the public.’’ And the evidence before us suggests he is tended consequences. They increase the distance between right. Economists need to reassess how they approach trade the decision makers and the voters, undermine legitimacy, and http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Business Economics Springer Journals

Dani Rodrik: Straight talk on trade—ideas for a Sane World Economy

Mackintosh, Stuart P. M.
Business Economics , Volume 53 (4): 2 – Oct 1, 2018
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References (4)

Publisher
Springer Journals
Copyright
2018 National Association for Business Economics
ISSN
0007-666X
eISSN
1554-432X
DOI
10.1057/s11369-018-0088-y
Publisher site
See Article on Publisher Site

Abstract

Bus Econ (2018) 53:232–233 https://doi.org/10.1057/s11369-018-0088-y BOOK REVIEW Dani Rodrik: Straight talk on trade—ideas for a Sane World Economy Princeton University Press Stuart P. M. Mackintosh Published online: 13 July 2018 National Association for Business Economics 2018 Dani Rodrik makes a key confession in Straight Talk on criticism rings true. Voters are angry because they feel Trade. Not a personal but a professional one, and one much disconnected from political and economic decision making, needed by economists. He confesses the economics com- and they often are, as Larry Bartels in Unequal Democracy munity has made a grave mistake in the long-running (Bartels 2016) and others, such as Luigi Zingales in A decision to ‘‘champion free trade and not dwell too much Capitalism for the People (Zingales 2014), have made very on the fine print.’’ Rodrik states that ‘‘this reluctance to be clear. Technocratic global (World Trade Organization) and honest about free trade has cost economists credibility with regional (European Union and other) solutions have unin- the public.’’ And the evidence before us suggests he is tended consequences. They increase the distance between right. Economists need to reassess how they approach trade the decision makers and the voters, undermine legitimacy, and

Journal

Business Economics – Springer Journals

Published: Oct 1, 2018

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