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Articles Archive for 27 June 2007

Corruption »

[27 Jun 2007 | 9 Comments | ]

Caesar’s wife must be above suspicion. But only if Caesar himself is above suspicion. What if Caesar is way way below suspicion? Shouldn’t you expect that his wife will also not be above suspicion?
Think about it.

Corruption, Democracy »

[27 Jun 2007 | 9 Comments | ]

One is forced to the generalization that at the level of the individual it is all exogenous, while at the level of the society, it is all endogenous. Take the market, for instance. To an individual, price is something that is a given and whether he or she participates in the market or not, cannot change the price. Price is determined externally and is indifferent to the efforts of the individual. It arises from almost magically from the collective interactions of the individuals in the market. Price arises out of, …