• Eric Maskin


June 2021, Paper: "In this paper, we discuss the field of government and economics, an emerging body of work that aims to better understand government’s role, incentives and behavior in a modern market economy, as well as how government actions shape the economy’s performance. In the first part of the paper, we present evidence that the size and scope of government in market economies have grown much larger since the industrial revolution. We then briefly examine particular periods in the histories of the U.S., Germany, Japan, South Korea, and China when these countries’ governments played an especially vigorous role in promoting rapid economic growth. We also provide statistical evidence that, across countries, more robust market-supporting behavior from governments is associated with higher per capita income and faster growth."  Read via Scholarship at Harvard

Non-HKS Author Website - Eric Maskin