, Columnist
Free-Market Failure Has Been Greatly Exaggerated
Few things in human history have done so much to reduce absolute poverty.
There's a lot less of this.
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Harvard economist Dani Rodrik has a long and thoughtful essay about the shortcomings of neoliberalism -- the economic program of free markets and free trade. He writes:
As someone who has done decades of pioneering work in the field of trade and growth, and who has been intimately involved in practical policy-making, Rodrik is as much of an expert on this topic as anyone . But although his criticisms are accurate, he overlooks much of the good that neoliberalism has done.