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| Home Front: Economy |
| Common Denominator |
| 2004-12-28 |
| Using sophisticated mathematical models, a group of four economists has proven that a country's legal history greatly affects its economy. At least they think they've proven it. How their sweeping theory has roiled the legal academy. More.......... |
| Posted by:tipper |
| #2 I'll wait for an explanation written by a dietician. "Malasians eat more omega-3, don't you know?" |
| Posted by: gromgorru 2004-12-28 12:09:59 PM |
| #1 "Lawyers don't do empirical work," said Shleifer. "They just argue with each other." Lol! In many ways, some subtle and some not, this article illuminates the much larger debates of capitalism, how rights are delineated, and just what fucking good are economists, heh. Somewhere down deep, I heard the faint ring of truth in some of their assertions. How deep? Well, I only took 3 Eco classes, lol! So my very shallow vertical knowledge had to rely upon my common sense. In the end, no matter how LLSV fare in this model and their conclusions, indeed the questions of checks and balances, private property rights, and whether those rights are defined in terms of government-granted rights to individuals or people-granted rights to government (A HUGE difference that some people just can't seem to grasp - apparently for reasons of ego as nothing else fully explains it.) frame the equations of success or failure, corruption or fairness, freedom or subservience, and stability or chaos. Just my opinion, of course, for which I feel there is a preponderance of evidence. Kudos, tipper - a fun read! |
| Posted by: .com 2004-12-28 11:43:22 AM |