segunda-feira, 11 de outubro de 2010
quarta-feira, 1 de setembro de 2010
7AM on the first day of the last month of dissertation... I've been up since 4:30AM and currently on fourth cup of coffee. Even so, somehow I think one day I will look back on this time with fond memories...
(plus, I wish my desk was a spaceship)
domingo, 21 de março de 2010
Lula está de olho no cargo de secretário-geral da ONU, diz 'The Times';
O presidente Luiz Inácio Lula da Silva estaria considerando a possibilidade de suceder Ban Ki-moon no cargo de secretário-geral da ONU.
The UN can have him! As long as he doesn't become President of the World Bank!
quarta-feira, 17 de março de 2010
“Admitting to liberalism explicitly,” wrote Roberto Campos, a Brazilian politician, diplomat and swimmer against the tide who died in 2001, “is as outlandish in a country with a dirigiste culture as having sex in public.” His observation still holds for Brazil, where economic liberals (in the British, free-market sense, not the socialistic American one) are as scarce as snowflakes.
From The almost-lost cause of freedom. Why is economic liberalism so taboo in socially liberal Brazil? Jan 28th 2010 | SÃO PAULO | From The Economist print edition.
domingo, 24 de janeiro de 2010
The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist.
Keynes 1936, citado em Bhagwati 1989.
terça-feira, 29 de dezembro de 2009
Endogenous policy theory, in virtually all applications, was developed to account for “bad policy”-- i.e. deviations from the optimal policies prescribed by economists. Given the nearly unanimous support (amongst economists) for relatively liberal trade regimes, this is particularly true of the literature on the political economy of trade policy. The standard motivation for research on the political economy of trade policy proceeds by pointing out that virtually no contemporary or historical illiberal trade regime can be satisfactorily rationalized as welfare maximizing. Then one notes that there are three broad classes of explanation for this fact:
1) politicians are ignorant;
2) economists are ignorant; and
3) politicians are smart, but venal.
Nelson (1998) - The Political Economy of Trade Policy Reform: Social Complexity and Methodological Pluralism.
quarta-feira, 23 de dezembro de 2009
De Cohen (1990) - The political economy of international trade.
For economists trained in the conventional neoclassical tradition, the subject of international trade is inherently frustrating. On the one hand, we have our theory, descended from Adam Smith and David Ricardo, which stresses all the benefits of open markets and unrestricted exchange between nations based on underlying differences of comparative advantage. On the other hand, we have the real world, where forces of mercantilism and protection always seem rampant if not wholly dominant. Rarely in the economics profession do we encounter greater dissonance between what we are taught in principle and what we observe in practice. And try as we might to find logical reasons for all this in the tenets of our own discipline, ultimately we are tempted to simply throw up our hand and proclaim: "It's all politics!".