Ah. Economists are at each other’s throats again. It chills you to think the discipline not much younger than science is still fraught with quarrels on the fundamental level. But this time, the unknown challenger has a point.
Morten Jerven, a LSE grad and professor in Norway, challenged two popular views about Africa. The Bottom Billion: the faint impression that their economic failure in the last century was a postcolonial consequence, and the Rising Africa: the positive outlook given the recent spurts of growth. Conflicting as they might be and confusing they surely were to, Jerven was finding their common error and reiterating the same old point that misleading statistics have misled statisticians.
The cut-off time between the two perceptions lies in the naughties. Before that, sub-Saharan countries were generally considered a patient of the paradox of plenty dogged by postcolonial inefficiencies. Jerven emphatically rejected this impression, citing the countervailing boom before the 1960s. Some of the best-selling institutionalists were clearly not diligent enough, who had carried out cross-country regressions with problematic variables, well summarised in chapter one. A robust model can only carry you so far. Yet the truism is there: garbage in, garbage out.
I love that he had consulted broadly and made some constructive literature comparisons. Usually people cherry-pick their sources without genuinely understanding them. In the grand rebuttal of things, his primary duty was to get his message across. So when you’re citing to disagree, you go to extra lengths to show the readers which part is good and which part is not. His quasi-literature review on African economies, admittedly rare for a bibliography, is useful.
Writing in his green years as a PhD, he committed minor contradictions. He set out to disagree with Acemoglu and Robinson, I quote, ‘[Whose] argument that a governance shortfall in Africa can be linked to poor economic performance has probably been overstated.’ Just when I thought he was giving up path dependency and therefore democracy, he recommended towards the end that African countries ‘democratise’ and improve institutions. He punctured the rosy picture he’d been painting. But given his fatal blow to the lazy ‘reg monkeys’ throughout the book, I’d give him that.