A fab article from Luigi Zingales:
Archive for June 12th, 2012
Not a shareholder rising but a Tienanmen Square moment..
June 12, 2012Chicago’s swift, surprising decline…
June 12, 2012Today seems to be Chicago day…
After posting on Chicago Law School, here is an article depicting the decline of city of Chicago.
The article covers several issues plaguing city of Chicago – population migration to other cities, fiscal mess, poor leadership, corruption etc..
In the end it says:
Fixing Chicago will be a big, difficult project, but it’s necessary. The city’s sparkling core may continue to shine, and magazines may continue to applaud the global city on Lake Michigan—but without a major change in direction, Chicago can expect to see still more people and jobs fleeing for more hospitable locales.
Fate of Chicago Law and Economics School…
June 12, 2012Lot is written on the Chicago Economics School and how it took the field of economics in one direction of free markets rule.
Here is another article on the Chicago Law School and its famed Law and Economics course:
Productivity differences in the BRIC club
June 12, 2012Keeping the appeal of diminishing appeal of the elite club aside, here is a nice paper comparing BRIC economies.
The paper looks at structural changes in the economies and also the productivity differences over the years.
The logic behind such studies is well-known. As economies develop, people move to more productive sectors. This leads to structural changes. Productivity also improves in the lagging sectors as now there are lesser number of people in the sector:
