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Old and New Development Economics: A Reassessment of Objectives
Quarterly Journal of Austrian Economics
Author: Victor Espinosa Óscar Carreiro
Online Publish Date:
Category: Austrian Economics Overview, Economic Freedom, Economic Policy
ABSTRACT:   The “new development economics” (also called behavioral development economics) consists of microeconomic experimentation based on behavioral economics and randomized controlled trials. This approach would illuminate the close relationships between preferences, culture, and institutions and point to new political opportunities. This
Chile Won’t Become a Developed Country If It Doesn’t Change Course
Media Asset
Author: Victor Espinosa
Online Publish Date:
Category: Bureaucracy and Regulation, Cronyism and Corporatism, Economic Freedom
Twenty years ago, it looked like Chile was well on its way to joining the world’s small club of developed countries. But this path looks less and less likely as Chile abandons its commitment to freedom and markets. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack. Original Article: “ Chile Won’t Become
Three Ways to Speed Recovery from the Economic Crisis
Mises Wire
Author: Victor Espinosa Ignacio Bustamante Esteban Viani Andrés Bruzzone
Online Publish Date:
Fostering a speedy recovery from the current economic crisis in Chile depends on freeing up entrepreneurs and others to act freely and create wealth in the marketplace. This will depend on lessening regulatory burdens, controlling public spending, and lowering taxes. Understanding the Austrian school view of economic action and entrepreneurship
Chile Won’t Become a Developed Country If It Doesn’t Change Course
Mises Wire
Author: Victor Espinosa
Online Publish Date:
Category: Bureaucracy and Regulation, Cronyism and Corporatism, Economic Freedom
For many years, Chile was the exception in Latin America, with an unprecedented model of sustained economic development. Contrary to populism and demagoguery, the Chilean recipe for the last forty-five years was respect for private property and entrepreneurial freedom. Indeed, the phrase “Chilean miracle” was even used by economist Milton Friedman