Wednesday, April 01, 2009

Dueling volumes

The March 2009 Journal of Economic Literature, includes Andrei Shleifer's review essay "The Age of Milton Friedman". Here is the abstract. Shleifer reviews two books that compare world economic performance from 1980 to 2005. One is an anthology edited by Leszak Balcerowicz and Stanley Fischer (Living Standards and the Wealth of Nations: Successes and Failures in Real Convergence) and the other is by Joseph Stiglitz and his co-authors (Stability with Growth: Macroeconomic, Liberalization, and Development).

These are dueling volumes and I have not yet read either one, but the title of the essay does reveal where Shleifer comes out. No suspense, but his analysis is worth reading.