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Mmegi Online :: Mercantilism Reconsidered - Dani Rodrik
A businessman walks into a government minister's office and says he needs help. What should the minister do? Invite him in for a cup of coffee and ask how the government can be of help? Or throw him out, on the principle that government should not be handing out favors to business?

This question constitutes a Rorschach test for policymakers and economists.



"Dieu se rit des hommes qui se plaignent des conséquences alors qu'ils en chérissent les causes" Jacques-Bénigne Bossuet
by Melanchthon on Tue Jul 14th, 2009 at 03:40:45 PM EST
[ Parent ]
How it comes about that the businessman can just walk into a minister's office is perhaps a relevant preliminary question.
by afew (afew(a in a circle)eurotrib_dot_com) on Tue Jul 14th, 2009 at 03:43:03 PM EST
[ Parent ]
It's a frame thing, we live in times where the idea that money buys access and influence with the Executive is considered a given rather than an outrage.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Tue Jul 14th, 2009 at 04:47:56 PM EST
[ Parent ]

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