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Edward L. Glaeser

Abandoning the pillars of sound policy

By Edward L. Glaeser
April 4, 2009

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IN THE 1990s, American economists roamed the world preaching the virtues of fiscal restraint, the rule of law, free trade, and privatization. Today, those four policy pillars, once known as the Washington Consensus, are abandoned in the city that gave that consensus its name. These policies were never commandments from Mount Sinai, but they are important ingredients of long-run economic ... (Full article: 709 words)

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