The December issue of Finance & Development has a very nice profile of Avinash Dixit, not only a great economist but the best teacher I ever had (and I had some very good ones). Here is a snippet of what he has to say, this one on the financial crisis:
“But the real fault was not so much in economic theory as, if you like, in the political and business world, where people actually swallowed some of the simplistic views about the wonder of markets too much without recognizing the hundreds of qualifications that Adam Smith and a number of others have told us about, and we should all have known about.”
The same issue also has a very generous review of my Globalization Paradox (not yet out!) by Robert Rowthorn.