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Why is economic orthodoxy so resistant to change? The art of paradigm maintenance.
September 17, 2014
Ever wondered why it’s so hard to shift big institutions (and the economics profession in general) on economic policy, even when events so graphically show the need for change? I’ve just come across a fascinating 2006 paper by Robin Broad, ‘Research, knowledge and the art of ‘paradigm maintenance’: the World Bank’s Development Economics Vice Presidency (DEC)’, summary here. Full paper
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