Book Review: The Magic of Market Design

FOR many economists and executives, free enterprise is an article of faith. Dismantle trade barriers, demolish monopolies, privatize public utilities, and the resulting system will be nothing short of heaven on earth, thanks to Adam Smith’s proverbial invisible hand.  Unfortunately, whenever trouble arises in this paradigmatic paradise, free marketeers are quick to judge and pin [...]

Reading Granta 45: Gazza Agonistes

Currently reading the 45th issue of Granta, which features a lengthy 100-page biography of Paul Gascoigne, a British soccer player, who was popular during the early nineties. While I am not a sports buff at all, I find the Gascoigne aka Gazza profile a bit intriguing. If anything this blog will serve as my reading [...]

Six-O-four and counting

AS of last count, this blog has been visited 604 times. This is surprising, considering I don’t update this blog that much. In any case, I will continue writing, if only for the five people who read this, most of whom probably are my friends abroad, including Mr. Romel Bagares, who has, as indicated in [...]