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Entrepreneurship has been the theme of my research for four decades. My first article on entrepreneurship was published in 1984. I must confess, however, that I had not truly understood the nature of entrepreneurship until a few years ago. The reason is that I was trapped in mainstream (neoclassical) economics. I had always been a […]
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Econometricians develop and use methods and techniques to model economic behavior, create forecasts, to do policy evaluation, and to develop scenarios. Often, this ends up in some advice. This advice can be a prediction for the future or for another sector or country, it can be a judgment on whether a policy measure was successful […]
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Central banks have not always been as ubiquitous or as economically and politically prominent as they are today. A century ago, some two-thirds of the world’s countries didn’t have one at all (see chart). Those who did took them less seriously: their functions were circumscribed, their mandates ambiguous, their allegiances divided between their commercial and […]
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Philanthropy is all too often misunderstood, mis-represented and subject to broad generalisations that obfuscate its potential, particularly in relation to the Global South. As Professor Beth Breeze outlines in her book, In Defence of Philanthropy, “Philanthropy is complex, messy and imperfect because it is an all-too-human response to enduring and intractable problems.” And yet, private capital […]
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Have we reached a plateau in our understanding of corruption? I believe so. It’s time to push the boundaries of this discourse, moving what is currently at the periphery of the debate to the forefront of our discussions. In my new book, I urge readers to challenge the prevailing notions of corruption that have dominated […]
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We share the fondness many people have for dogs. In the United States, approximately half of households express their fondness by opening their doors, and most often their hearts, to dogs. Indeed, a majority of these households views dogs as family members. Dogs are thus not only commodities traded in markets but also cherished household […]
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Scientific evidence is clear: human activities have released enough greenhouse gases (GHG) into the atmosphere to have already altered the climate, with already strong effects on ecosystems, societies and economies. On current emissions paths, climate change is set to become dramatically worse. To limit global warming, and hence avoid the worst-case scenarios predicted by climate […]
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Almost everyone agrees we are on an unsustainable path. Disputes are about just how unsustainable that path is. What few people grasp is the obvious implication: what is unsustainable will not be sustained. We can either get ourselves onto the sustainable path now, or we can be forced back to it as the impacts on […]
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