In my favourite Bruce Lee movie Enter the Dragon (which I have watched at least a dozen times) there’s a very telling scene. Just before a particular fight, Bruce Lee’s opponent, to demonstrate how awesomely tough he is, holds up… Read More ›
The first lesson of development economics is that economic policies matter. Even if a country has everything going for it, lack of good policies condemn it to poverty. So it is easy to believe that if only good policies were… Read More ›
Capturing Externalities It’s an economics truism that generally people respond to incentives. If you truly and deeply understand that, you know a fundamental truth about the world.