Archive for September 6th, 2012

The Challenge of Common-Pool Resources…

September 6, 2012

A superb article by Elnor Ostrom. As in most of her works, criticises the centralised approach to managing these resources. She says to look at local knowledge for preservation of commons/common pool resources.

I loved this para at the end:

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Why the Jews Are so Educated?

September 6, 2012

A food for thought post by Acemoglu/Robinson.

They look at several explanations offered in the past to the question:

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Acemoglu/Robinson seem to be right…a case of Czech Republic and Slovakia

September 6, 2012

A nice paper by Dalibor Rohac of King’s College London. In typical Why nations fail style he picks on the case of Czech and Slovakia. Though does not refer to works of A/R duo at all which is surprising.

The case is similar to WNF readers. You have two countries with very similar culture,   institutional environment, same boundaries etc etc. And then they split. Why one performs better than the other?

In this case better is Czech and worse is Slovakia. Till 1993 they shared the same boundaries etc and then split post USSR collapse. However, Czech republic had better growth prospects over Slovakia. Why? It seems Slovaks had a higher anti-market bias:

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