Tag Archives: Washington Consensus

After watching business take over the US government, the only alternative is to abandon any pretense of democracy COMMENT | KATHRINA PISTOR | For decades, we have been told that government-operated businesses are bad for the economy. A staple of the “Washington Consensus” that emerged in the 1980s was that “private …

The Washington Consensus has been wobbly for some time, challenged by abundant research COMMENT | DANI RODRIK, LAURA TYSON & THOMAS FRICKE | Paradigm shifts in mainstream economic thinking usually accompany crises demanding new answers, as occurred after stagflation – low growth and high inflation – gripped advanced economies in the …