Browsing Department of Economics by Subject "economic policy"

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    • Economics versus Politics: Pitfalls of Policy Advice 

      Acemoglu, Daron; Robinson, James (Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2013-06-05)
      The standard approach to policy-making and advice in economics implicitly or explicitly ignores politics and political economy, and maintains that if possible, any market failure should be rapidly removed. This essay ...