Is Discourse Relevant for Economic Development?
By Scott A. Beaulier
This article appeared in the Winter 2004 issue of The Independent Review


Joseph Stiglitz, Nobel laureate economist and former World Bank official, has argued that the International Monetary Fund’s “one-size-fits-all” approach to economic development should be replaced with a participatory one, but it is unclear how Stiglitz’s scheme would foster prosperity. Although elegant in the abstract, Stiglitz’s case for more government involvement via a “people’s capitalism” rests on shaky empirical ground.

Other Independent Review articles by Scott A. Beaulier
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