Making Sense of Meltdowns

DRI Director William Easterly reviews Ruchir Sharma's "The Rise and Fall of Nations" for The Wall Street Journal.

Predicting which nations will "rise and fall" over the next five years requires an appreciation for randomness, an emphasis on strong economic fundamentals, and a proper sense of humility when it comes to the inevitability of "regression to the mean." See the full review here




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