Consensus For the Common Good
— May 26, 2021
By Thomas Philippon
At its origin, the Washington consensus is clearly more pragmatic than neoliberal. Williamson himself will oppose the subsequent drifts which oppose consensus and the welfare state. The consensus produced positive results. Between 1990 and 2017, demographics, education levels, and political institutions partially converged and poor countries began to catch up with rich countries .
Read the full Les Echos article.
Thomas Philippon is Max L. Heine Professor of Finance.