« Blasphemy! | Main | The $700 billion question: why did the House change its mind? »

October 03, 2008



I always thought this was a pretty good example of the perils of being a property rights purist:


Per Kurowski

Dani Rodrik says: “The privileges accorded to the Mesta were a tool that enabled Medieval Castile to realize its comparative advantage in fine wool” and sort of concludes “In the imperfect contractual environment of the time it simply made sense.

Let us not forget that that same Spain placed oil in the hands of the State and that has now in oil rich countries enabled the politicians to realize their comparative advantage by capturing the check book made obese with the oil revenues making the government wealthy independently of its citizens and turning them into autocrats and the people into beggars of oil favors.

Some times the “second best” is just the last!

john b

"the oil revenues making the government wealthy independently of its citizens and turning them into autocrats and the people into beggars of oil favors"

Like in Norway and Canada, you mean?

nike shox sale

Nike Shox|Nike Shox Sale is special for you with a very pretty design

ghd straighteners

GHD straighteners was kmown as ghd flat iron, which was authorized online seller provides all kinds of hair straighteners,pink ghd,purple ghd,babyliss. By visiting ghd australia , you will find what you want and made yourself more beautiful.If you miss it ,you miss beauty.Buy a piece of ghd for yourself.Come and join us http://www.ghdoutlet-au.com/ to win the ghd iv styler.


Birkenstock was Made in Germany since 1774 . Check out our Birkenstock sandals and Birkenstock shoes including the Birkenstock gizeh,at the lowest regular outlet prices, free shipping and when you put on Birkenstocks. you will feel very comfortable.

p90x workout

Get ready to squat, lunge, and pull http://www.p90xmall.com for a total-body workout like no other. While the main focus of this workout lies in strengthening and http://www.p90xmall.com developing the leg muscles (quads, hamstrings, glutes, and calves), there's also a handful of great pull-up exercises to give your legs a quick breather while you work the upper body.

lug nuts

We A professional manufacturer
Making lug nuts ,
wheel studs,
wheel bolt,
http://www.777hardware.comtitanium lug nuts,
we have developed thousands of wheel lock bolts and wheel lock nuts, which are almost available for all kinds of cars


GHD has transformed the world of hair beauty and their irons have become an addictive accessory for women everywhere,you can't not have one,go on ghd australia to get it.
ghd australia

jordan shoes

This is a wonderful site. The things mentioned are unanimous and needs to be appreciated by everyone.

lubricant manufacturer

Lubechem International develops and manufactures a comprehensive range of technologically-advanced lubricants for a variety of needs that enhance the performance in engines, machineries and other equipments.

Account Deleted


Thanks for article.

Account Deleted


Account Deleted


Thanks to you ..

Account Deleted


Thanks for comment ...

Account Deleted

Many places and centers offer business and trade promotions to both buyers and supplier.What about the differences in skill intensities across industries? The job losses in the relatively unskilled-labor intensive battery industry should have little effect on the relatively skilled-labor intensive machinery
sexshop online

Account Deleted

alongador peniano

The comments to this entry are closed.