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IMF may have changed, but Sri Lanka has not

The IMF has told us in no uncertain terms that corruption and waste have to be brought under control. Yet, a minister would directly solicit a bribe from a Japanese company and get away with it. Doesn’t the Cabinet have any control over officials who change the conditions in the tender, and decide to buy […]
France General United Kingdom Sri Lanka Dexter White John Maynard Keynes Margaret Thatcher
Source: island.lk

Ten (Mostly) Hayekian Insights for Trying Economic Times

The economist Friedrich Hayek attempted in his writings to spotlight the interlocking set of ideas¬—constructivist rationalism, scientism, socialism, “the engineering mentality”—that was leading the West down what he famously called the road to serfdom and to propose in its place a return to a revitalized form of classical liberalism. In this essay, Professor Bruce Caldwell draws upon the writings of Hayek, other Austrian economists, and public choice theorists to distill 10 fundamental...
United States Joseph Schumpeter Gunnar Myrdal Gottfried Haberler Ronald Coase George Stigler

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