- Paul Collier reviews Acemoglu & Robinson’s new book “Why Nations Fail”. Very interesting (and firm) prediction about China: ”That states need order to prosper is important but no longer controversial. That they need inclusive institutions is, in view of China’s success, wildly controversial. Their argument is that order without inclusive institutions may enable an economy to escape poverty, but will not permit the full ascent to modern prosperity“
- Private schools for the poor - interesting article from the Economist
- Top 100 best NGO’s - in case you wanted to know…
- Wisdom from Calvin and Hobbes
- 50 most influential books of the last 50 years - useful link to have
- NYT article (22 March) on Cape Town’s racial divide
- M&G article (23 March) on Stellenbosch University and discrimination.
- Latest installment (Business Day 19 March) on the Adcorp vs UCT econometricians debate…as well as a detailed response by the UCT guys. You can tell Martin and Andrew had fun writing this with sections titled “Science and Sales”, “Rigor and Rot”, “Openness and obfuscation”, “Models and Moonshine”, and “Errors of differences and indifference to errors” – Adcorp it seems you picked the wrong econometricians to mess with…just saying.
- Cool music by Ben Howard, the Kongos,
Calvin and Hobbes on the gaping hole in contemporary art’s soul:
Calvin: People always make the mistake of thinking art is created for them. But really, art is a private language for sophisticates to congratulate themselves on their superiority to the rest of the world. As my artist’s statement explains, my work is utterly incomprehensible and is therefore full of deep significance.