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Simple Economics for Complex Problems
How Does My Country Grow? Economic Advice through Storytelling by Brian Pinto (Oxford: Oxford University Press), 2014; pp xx + 249, price not stated.
Reading Brian Pinto’s book, How Does My Country Grow? Economic Advice through Storytelling, is refreshing because it brings “middle-brow” economics back into policymaking. In a profession that is increasingly dominated either by randomised control trials of micro interventions or dynamic stochastic general-equilibrium models of macro phenomena (and I confess to having engaged in both), Pinto’s stories of Russia, Poland, Kenya, Nigeria and India remind us how simple economic models can help solve complex problems. To those who got their PhD more than 20 years ago, the book’s reassuring message is: The economics you learned in graduate school is still valid.
Three Lessons
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