Future of Comparative Economics
Fourteen years ago, Simeon Djankov, Edward Glaeser, Rafael La Porta, Florencio Lopez-de-Silanes and Andrei Shleifer published a paper with the ambitious title "The New Comparative Economics". They considered the trade-off between disorder and dictatorship as an important factor of economic development, but more generally they tried to propose a new agenda for comparative economics, because the traditional agenda (based on comparison of the efficiency of socialist plan economy and capitalist market economy) lost much of its appeal.
What can we say now, after 2008 - 2009 global financial crisis, "Arab Spring" with all its consequences, Crimea accession and the military conflict in Ukraine, Brexit and win of Donald Trump, about the agenda for comparative economics? Is it necessary to pay more attention to sustainability of markets and states in crisis times (contrary to the previous dominant focus on economic efficiency)? What is the role of non-economic factors (like values, beliefs and ideology) in the long-term competition of different models of economic organization? How different states and different societies can limit violence and disorder in modern world?
Professor, Department of Theory and Practice of Public Administration, Faculty of Social Sciences; Director, Institute for Industrial and Market Studies, HSE University Moscow (Russia)
E. Morris Cox Professor of Economics and Professor of Political Science, University of California Berkeley (USA)
Yan Ai Foundation Professor of Social Science, The Hong Kong University of Science and Technology, Division of Social Science (China)
Academician of the Russian Academy of Sciences; Head, Laboratory of Mathematical Economics, Central Economics and Mathematics Institute, Russian Academy of Sciences; Deputy Director, Moscow School of Economics, M.V. Lomonosov Moscow State University; Professor Emeritus, New Economic School (Russia)
Professor Emeriti, Department of Economics, Arizona State University (USA)
Professor Emeritus; Research Director of Russian Reserch Center (RRC), Institute of Economic Research, Hitotsubashi University (Japan)
Professor, Department of Economics, Seoul National University (South Korea)
Professor, Department of Economics, Indiana University Bloomington (USA)
Senior research fellow, the Institute for Economics, the Hungarian Academy of Sciences (Hungary)
Professor, Department of Economics, Research associate, ESRC Centre on Competitive Advantage in the Global Economy, University of Warwick (United Kingdom); Honorary senior research fellow, Centre for Russian, European, and Eurasian Studies, University of Birmingham (United Kingdom); Editorial board member, Economic Affairs