“The wheel is come full circle,” wrote William Shakespeare and so it seems has the progress of economic ideas in the view of Augusto de la Torre, the Chief Economist for Latin America and the Caribbean at the World Bank. Economics is largely about supply and demand and the intersection of the two. But De la Torre, in an eminent career including stints as the president of … [Read more...] about The Spinning Wheel of Economic Analysis
Why Do Politicians Buy Votes?
Since the first exchange of a drachma for a vote in Athens more than two-and-a-half thousand years ago, politicians have practiced the well-honed, if crude, art of vote buying. Today their inducements range from liquor, gas and cash in the United States to cash, grain, and washing machines in large parts of Africa, Asia, Latin America and the Caribbean. Yet vote buying is not … [Read more...] about Why Do Politicians Buy Votes?
Democracy Does Not Cause Growth
Does democracy cause more economic prosperity and growth? This question dates back to Plato and Aristotle’s debate regarding which form of government brings more political and economic gain to society. However, after more than two millennia, there seems to be no clear consensus about whether democracy (in and of itself) delivers more economic growth than autocratic forms of … [Read more...] about Democracy Does Not Cause Growth
IDB Offers MOOC on Macroeconomic Growth and Stability
The Inter-American Development Bank is offering the second edition of its Massive Open Online Course (MOOC) on the principal problems and challenges of macroeconomic growth and stability in Latin America and the Caribbean. Two new modules in the course focus on the financial sector and productive development policies. Entitled Latin American Macroeconomic Reality, the free, … [Read more...] about IDB Offers MOOC on Macroeconomic Growth and Stability
Release Information; Give Power to the People
In 2001, a coalition of academics and newspapers united in what was known as the Grupo Oaxaca to propose and advocate for a so-called Freedom of Information (FOI) law. Proponents argued that a FOI law, which would force the government to reveal virtually all but national security information, would usher in a new era of government transparency. People would be given the tools … [Read more...] about Release Information; Give Power to the People