Free to Choose

Prof. Mankiw of Harvard has written two worldly popular textbooks in economics: Principles of Economics and Macroeconomics. There are many universities and professors who use his textbooks in classrooms. In my university, Kobe University, his textbooks are popular for undergraduate and graduate levels. I enormously like his books, and that is where I got to know the book Free to Choose.    In his note on his further...

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Why Nations Fail

You may wonder why Cambodia, among other poor countries, fail to develop. Why we are poor and other are rich? You have answers, of course. You may point to the fact that we had wars, thus no human capital i.e. no knowledgeable persons who know how to develop the country. Some would point to the fact that we are born lazy, i.e. our culture does not induce hard working like Vietnamese culture or Japanese culture. Of course, very...

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