If we want to raise the share of national income going to labour, we could start by not taxing labour income more heavily than capital income.Continue reading
One thing that the public knows, which many development experts apparently do not, is that poor countries are poor because they are badly governed and have institutions which prevent growth and permit a small elite to capture the nation's wealth. According to Why Nations Fail, by Daron Acemoğlu and Jim Robinson, the public is (as usual) basically right.Continue reading
Two interesting ideas from economists on gun control. First: require gun owners to take out liability insurance. Second, create a fund which for every dollar the NRA pays to a political candidate would pay $2 to the opponent.Continue reading
Europe’s approach to development could be characterized as energetically tackling the symptoms of poor economic opportunities for developing countries by providing substantial and effective aid, while doing relatively little to tackle the underlying structural causes of poverty.Continue reading
An explanation of why CGD in Europe is starting work on illicit financial flows.Continue reading
CGD in Europe is now embarking on an exciting new programme looking at how various kinds of illicit financial flows affect development and what, if anything, rich countries should be doing about them.Continue reading
A disarmingly simple but effective way to put more pressure on illegitimate regimes: declare that any future contracts will not be enforceable against their successors.Continue reading
An interesting Economist article about the uses of prizes to promote innovation is a missed opportunity to explain the economic logic of prizes for innovations for developing countries. The reported comments by Tachi Yamada at the Gates Foundation about the value of market success do not seem to take account of the shortcomings of the system of patents and markets when it comes to developing drugs for diseases that mainly affect developing countries, nor to the problem of ensuring access in developing countries for new drugs.Continue reading
I am grateful to Oxfam’s Duncan Green for his fair and thoughtful review of my paper about improving aid, Beyond Planning: Markets and Networks for Better Aid.
I’m glad that Duncan and Chris, his Oxfam colleague, endorse a… Continue reading
I’ve just watched Steve Jobs at the Apple event today. I was glad he paid tribute to the man whose liver he received, and that he called on others to register as organ donors.
But it is less impressive… Continue reading