Debra Satz
LIKE NAIDU, RODRIK, AND ZUCMAN, I celebrate the advantages of markets in aggregating information, allocating scarce resources, and promoting growth. I also agree that there is nothing built into the fabric of economic thought that leads to neoliberalism, and that economics has recently taken on a more empirical, less a priori cast.
But I part ways in thinking of markets as only economic artifacts. The Economics for Inclusive Prosperity (EfIP) initiative promises to provide the basis for a robust alternative to market fundamentalism by mobilizing the latest insights from contemporary economics.