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Department of Economics Inaugural Lecture
Sir William Arthur Lewis Chair in Development Economics Inaugural Lecture: Political Economy and Development: a Progress Report
Tim Besley (LSE)
Wednesday 10 February 2016 18:30 - 20:00
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About this event
*Department of Economics Inaugural Lecture*: Professor Besley gives his inaugural lecture as Sir William Arthur Lewis Chair in Development Economics. A major change in mainstream thinking in economics over the past 25 years has been towards improving our understanding of how the policy process (political and bureaucrat) affects policy outcomes. Such changes in economic thinking are partly in response to the need to have a persuasive account of the diverse historical development experiences of various countries and regions. One key debate following this research has been about whether a particular configuration of institutions is needed to promote inclusive economic development. This lecture will take stock of what has been learned and critically appraise the state of knowledge, drawing some implications for how international financial institutions and aid practitioners approach their business.