Sunday, October 11, 2009

Principles of Economics (funny)


  1. Welcome to the blogosphere. I saw an interesting show on public television about how an economist (Hernando de Soto) in Peru help defeat a Marxist insurgency (the Shining Path) by implementing bottom-up reforms that gave the poor a stake in society and brought the thriving underground economy into the main stream.

    He based his ideas on the work of Eugen Huber of Switzerland who wrote a plain language legal code for his country based upon everyday custom and practice. Until Huber Switzerland struggled with three different sets of codes based on French, German, and Italian traditions. It transformed Switzerland from a poor struggling country to the modern financial powerhouse it is today.

  2. Is this a case of democracy winning out, or would you classify this as something different?