The Corrupt Institutions of Development Economics and Its Shadow Professoriate

Infographic Instant with Bryane Michael

Most of us use theories and empirical results from development economics all day long at the office. What if much of it led to under-development because of a shadowy group of advocates (or those who profess) benefit from bad theory and practice? I describe this Shadow Professoriate, the rules that keep it going strong, and their wages. I provide ball-park estimates of the harm they cause and how they cause this harm. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4188018