Archive for December 4th, 2012

Profile of Jeff Sachs

December 4, 2012

IMF’s quarterly publication Finance and Development makes a point to profile some or the other top economist.

This time it is Jeff Sachs of Columbia Univ. Superb reading. He chose Harvard economics over Harvard Law School:

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Impact of economic globalisation on legal systems…An Indian perspective

December 4, 2012

A fab speech from former chief  justice of India – Mr. K.G. Balakrishnan.A very different and important perspective on impact of globalisation. Realted to area of law and economics..

He says globalisation impacts legal systems in two ways – One is the legal challenge thrown to  globalisation because of rise in international trade etc. Two, the impact of globalisation on legal sytems:

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Hyperinflations Are Rare, but a Breakup of the Euro Area Could Prompt One

December 4, 2012

This is the title of a nice paper by Anders Aslund of PIIE.

He says hyperinflations happen rarely. However, collpase of currency unions is one very strong reason for hyperinflations in the past. This could be true in case of Eurozone collapse as well. Hence the collapse has to be averted at all cost:

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