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August 04, 2010

Rome’s Graffiti and Bastiat’s Broken Windows

Today’s Wall Street Journal has a nice piece about the problem of graffiti in Rome and the obstacles to cleaning it all up. While the graffiti are certainly an eyesore in an otherwise beautiful city, there is also great economic damage done, which leads to impoverished understandings of private property and general urban decay. Continue Reading...
August 02, 2010

Salary and Significance

During a recent conversation, a Chinese friend of mine commented on the lack of political involvement that she has observed in her peers, especially in comparison to American college students. She attributes this lack of involvement to the fact that the Chinese do not believe that political action can change the policies or even the identities of their leaders. Continue Reading...
August 02, 2010

Italy, competition and the problem of guilds

Last Saturday’s New York Times contains an entertaining, edifying but ultimately sad tale on what ails the Italian economy. Entitled “Is Italy Too Italian?“, the Global Business article seeks to explain why Italy often tops “the informal list of Nations That Worry Europe” economically. Continue Reading...