Chicago School (economics) - Discussion

Discussion

Some claim that Chicago School economists are associated with Washington Consensus, which John Williamson says is "disappointing". A significant body of economists and policy-makers argues that what was wrong with the Washington Consensus as originally formulated by Williamson had less to do with what was included than with what was missing. Economists overwhelmingly agree that the Washington Consensus was incomplete, and that countries in Latin America and elsewhere need to move beyond "first generation" macroeconomic and trade reforms to a stronger focus on productivity-boosting reforms and direct programs to support the poor.

Read more about this topic:  Chicago School (economics)

Famous quotes containing the word discussion:

    My companion and I, having a minute’s discussion on some point of ancient history, were amused by the attitude which the Indian, who could not tell what we were talking about, assumed. He constituted himself umpire, and, judging by our air and gesture, he very seriously remarked from time to time, “you beat,” or “he beat.”
    Henry David Thoreau (1817–1862)

    Opinions are formed in a process of open discussion and public debate, and where no opportunity for the forming of opinions exists, there may be moods—moods of the masses and moods of individuals, the latter no less fickle and unreliable than the former—but no opinion.
    Hannah Arendt (1906–1975)

    Power is action; the electoral principle is discussion. No political action is possible when discussion is permanently established.
    HonorĂ© De Balzac (1799–1850)