Last month I linked to the 2015 edition of “INSTITUTIONAL QUALITY 2015” [pdf], which ranks 193 countries in three categories: Institutional Quality, Political Institutions, Market Institutions. Here is the new 2016 edition, in Spanish and English. Martín Krause is Professor of Economics and the University of Buenos Aires and a specialist in law and economics […]
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schiz•o•phren•ic, adjective: Of, relating to, or characterized by the coexistence of disparate or antagonistic elements. Let’s talk about one reason why politics makes us all a little crazy — its incoherent mix of laws and regulations. (Warning: overcharged metaphor ahead.) Not only does the left hand of government often not know what the right hand
“Weary of liberty, he suffered himself to be saddled and bridled, and was ridden to death for his pains.” Goethe, The Sorrows of Young Werther.
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[Posted here as an example of nineteenth-century nihilism integrated with violence and destruction as a means to a revolutionary end.] The Revolutionary Catechism By Sergey Nechayev (1869) The Duties of the Revolutionary toward Himself 1. The revolutionary is a doomed man. He has no personal interests, no business affairs, no emotions, no attachments, no property,
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por Stephen Hicks [This is a Spanish translation of “Our Che Guevara Problem”, first published in English at EveryJoe and then translated into Portuguese at Portal Libertarianismo.] Es muy probable que alguien que conozcas tenga una camiseta del Che. Versiones románticas del rostro barbudo de Ernesto Guevara Lynch son muy populares en los campus universitarios y
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As with sex and money — and most of the important matters in life — many silly things are said about power. Perhaps the granddaddy of those silly things is the oft-quoted phrase, Power corrupts, and absolute power corrupts absolutely. There is an important truth that Lord Acton’s phrase tries to capture. But taken literally
You’ve heard the claim: “Deregulation caused the crisis.” In the years leading up to 2008, the story goes, bad economists convinced bad politicians to deregulate the money/banking/finance sector of the economy, and bad capitalists then enjoyed an orgy of greed that caused the system to go haywire. Nobel-Prize-winners Joseph Stiglitz and Paul Krugman have signed
Blamestorming and “Deregulation caused the financial crisis” [Good Life series] Read More »
Martín Krause is Professor of Economics and the University of Buenos Aires and a specialist in law and economics and institutional economics. With Professor Krause’s permission, here is the 2015 edition of “INSTITUTIONAL QUALITY 2015” [pdf], which ranks 193 countries in three categories: Institutional Quality, Political Institutions, Market Institutions. For those interested in the performance
Martín Krause’s index of economic and political institutional quality Read More »