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How we understand and respond to failure is one of the most defining features of how our lives pan out. Some people refuse to fail. Some people expect to fail. Some people always hide from their own failings (most of these currently seem to be in politics). Others always look for failings in themselves, or […]
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The World Trade Organization has always had more critics than champions. These days, the charges that are made against the WTO include that it has overstepped its authority, that it impedes the ability of members to set their own trade policies, and, paradoxically, that it has been unable to deal effectively with China. The recent […]
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No state can do without taxation. States need to pay for bureaucrats, soldiers, policemen, infrastructure, and the more ambitious ones also pay for schools, hospitals and social security programs. Fiscal capacity forms the backbone of the state, and both sovereign and colonial regimes confront the revenue imperative. But how, in the case of colonial rule, […]
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Vito Tanzi, renowned economist and author of Termites of the State, discusses the industrialized world's economic development during the 20th century to today...
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Moshe Milevsky, author of King William's Tontine (2015), looks back to 17th Century finance for 21st Century economic solutions.
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