HKS Affiliated Authors
Rafik Hariri Professor of the Practice of International Political Economy
Excerpt
Excerpt
January 26, 2023, Opinion: "For decades following the Reagan-Thatcher revolution and the emergence of the Washington Consensus in the 1980s, economic orthodoxy was allergic to policies that imply "picking winners," rather than letting the market decide. But we now know that the real question is not whether such policies should exist, but how to manage them."