I just finished reading The Cost of Inaction, Case Studies from Rwanda and Angola by Sudhir Anand and others. T he Foreword, by Amartya Sen, is worth the whole price-tag. According to Professor Sen this is a far-reaching book that goes well beyond the two case studies and its “modest title” and provides a good occasion to think about some foundational issues in the … [Read more...] about The cost of inaction
About a year and a half ago, the economist Kaushik Basu - then a Cornell professor on leave as Chief Economist for the Ministry of Finance in India- proposed legalizing some forms of bribing. Some highlights: There are different kinds of bribes and what I am concerned with in this paper are bribes that people often have to give to get what they are legally entitled to. I … [Read more...] about Legal bribes?