over the past few years i’ve read many books on econ and economics. at the end of it i’m rather skeptical of theory in general. dani rodrik’s One Economics, Many Recipes: Globalization, Institutions, and Economic Growth is kind of a narrative mess, but i think it’s true to the fact that reality is a mess. but one big thing is clear: education matters. high literacy is not a guarantee of economic success, ask sri lanka. but it is a necessary precondition for broad-based growth in the modern economy. japan was a mass literate society by the late tokugawa period, it was already in position to “catch-up” to the west when it made the attempt.

shame.