A leading economist trains a lens on his own discipline to uncover when it fails and when it works.
In the wake of the financial crisis and the Great Recession, economic science
seems anything but. In this sharp, masterfully argued book, Dani Rodrik,
a leading critic from within the science, renders a surprisingly upbeat judgment
on economics. Sifting through the failings of the discipline, he homes in on
its greatest strength: its many—and often contradictory—explanatory frameworks.
Drawing on the history of the field and his deep experience as a practitioner,
Rodrik insists that economic activity defies universal laws. But when economists
embrace their expertise as a set of tools, not as a grand unified theory, they can
improve the world. From successful antipoverty programs in Mexico to growth
strategies in Africa and intelligent remedies for domestic inequality, Rodrik
highlights the profound positive influence of economics properly applied.
At once a forceful critique and a defense of the discipline, Economics Rules
charts a path toward a more humble but more effective science.