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Tag Archives: economists

Economists reconsider industrial policy

Recent research takes a productive approach than in the past when economists focused on simple indicators COMMENT | DANI RODRIK, REKA JUHASZ & NATHAN LANE | As policymakers around the world embrace industrial policy in pursuit of a wide variety of objectives  supply-chain resilience, green technologies, geopolitical advantage, good jobs  the …

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Economists misunderstand a key indicator

This big problem shows we must not allow economics to advise society with flawed theories and indicators COMMENT | Tiago Cardao-Pito | In studies, forecasts and recommendations to governments, markets are seen as capable of processing so-called rational information. Economists claim that firms’ market prices result from rational expectation about their future …

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Govt must lead Uganda’s Industrialisation – Economists

Kampala, Uganda | THE INDEPENDENT | Researchers Ramadhan Ggoobi and Prof Julius Kiiza say for Uganda’s economy to transform into an industrial one the government must take the lead by intervening and investing in strategic areas like manufacturing. The duo were dialoguing with editors and journalists in Kampala under the theme …

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COMMENT: Economists vs. scientists on growth

What to expect when, someday, thinking machines become so sophisticated that they will invent other machines COMMENT | KENNETH ROGOFF | Most economic forecasters have largely shrugged off recent advances in artificial intelligence (for example, the quantum leap demonstrated by DeepMind’s self-learning chess program last December), seeing little impact on longer-term …

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COMMENT: Evidence-based policy mistakes

It is important to recognise that data alone are not enough, common sense matters COMMENT | KAUSHIK BASU | After years of stressing the importance of evidence-based policymaking, economists have clearly had some influence on politicians. What economists now need to do is to impress upon those same politicians that citing …

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