Keys to Prosperity
The underlying theme of Rudi Dornbusch's work is unabashedly Chicago, namely, the University of Chicago belief that markets solve problems best and that most bureaucrats, even when well-intentioned, are distracted by politics or excessive zeal for perfect solutions. Dornbusch seeks to challenge those in charge with alternative answers and to limit their ambitions. He takes aim at central bankers, bureaucrats, unions, do-gooders, and politicians from Brazil, Japan, Russia, and other scenes of economic disaster.This book collects Dornbusch's recent commentaries from such publications as Business Week, the Wall Street Journal, and the Financial Times, as well as longer essays from recent and forthcoming books. The pieces focus on issues of domestic and international economic policy, including inflation and debt, exchange rates, trade policy, emerging markets, and the intersection of politics and economics. The writing is lively, opinionated, and informative.
About the Author
Rudiger Dornbusch is Professor of Economics at the Massachusetts Institute of Technology.
—Robert L. Bartley, Editor and Vice President, The Wall Street Journal
—E. Gerald Corrigan, Managing Director, Goldman, Sachs & Co.
—Stanley Fischer, First Deputy Managing Director, International Monetary Fund
—Jeffrey R. Shafer, Vice Chairman, Salomon Smith Barney International
—Jeffrey Frankel, Harpel Chair, Harvard University, and former Member, President Clinton’s Council of Economic Advisers
—Morris Goldstein, Dennis Weatherstone Senior Fellow, Institute for International Economics, Washington, DC
—Moisés Naím, Editor, Foreign Policy Magazine
—Andrei Shleifer, Professor of Economics, Harvard University
—Anil Kashyap, Graduate School of Business, University of Chicago
—Sebastian Edwards, Henry Ford II Professor, University of California, Los Angeles
—Jacob A. Frankel, Chairman, Sovereign Advisory Group & Global Financial Institutions Group, Merrill Lynch, and former Governor, Bank of Israel