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Norm failure

January 29, 2013 – 8:00 am

I have previously posted elsewhere about how similar the failures in indigenous policy and development (particularly foreign aid) policy have been. Remarkably similar, indeed. They also show some distinct similarities to the more unfortunate effects of welfare provision. (By ‘welfare provision’ I do not mean the aged pension or health or education services; I am talking [...]

By Lorenzo | Posted in Australia, Economics, England, History, Law, Personal liberty, Philosophy, Public Policy, The Left, The Right, Welfare | Also tagged afghanistan, ALP, Amerindians, Anglo-Saxon law, Arnhem land, Assizes, Australian Aborigines, canon law, china, cliodynamics, collectivisation, common law, Commonwealth Intervention, Curley effect, Danelaw, development policy, Earl Ferrers, Elinor Ostrom, farming, foragers, foreign aid, france, free riding, Glenn Reynolds, Henry II, House of Elders, house of lords, human capital, hunter-gatherers, Immigration, indigenous policy, iraq, japan, Jesse Helms, Lapps, magna carta, narcissism, Norman law, North American colonies, singapore, sit down money, Somaliland, Thomas Hobbes, time horizons, trial by jury, Vernon Smith | Comments (23)

Corrupting risk on top of the surplus pyramid

July 3, 2012 – 12:00 pm

In a real sense, human history starts with the creation of a social surplus, a surplus beyond simple subsistence. Such a surplus could be used for–indeed, was required to–build more complex societies. This included the literal building of the monumental architecture, the most striking creations from the existence of such surpluses. More food, more babies Merely increasing production does [...]

By Lorenzo | Posted in Australia, Economics, History, Law, Politics, Public Policy | Also tagged asset bubbles, asset recovery, Barclays Bank, china, Debt, finance, four pillars, incentives, Lord Acton, Malthusian, milton friedman, monumental architecture, paradox of rulership, pastoralists, priests, Say's Law, sovereign debt, surplus, UN Convention Against Corruption, vincent cable, voting, Winston Churchill | Comments (132)