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CONTRIBUTIONS

The Prisoners’ Dilemma

Adapted from BBC

              BY SHAUN HARGREAVES HEAP If there is one thing that every social scientist should know, it is the prisoners’ dilemma game (PD). The PD describes a particular kind of social interaction where, when everyone acts in his or her own self interest, the ...

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The Rise of Public-Private-Partnership in Latin America

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BY DANIELA URIBE 8/10/2015 During the last two decades, Public-Private Partnerships (henceforth PPPs) have assumed an important role in bridging national infrastructure gaps in developing countries. Latin America and the Caribbean is no exception. According to the World Bank and the Inter-American Development Bank, regional investments in public infrastructure has ...

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Singapore Number One, Again

Screen Shot 2015-03-23 at 21.02.20

BY LEE HIANG SEAH 22/03/2015 A recent survey conducted by the Economic Intelligence Unit (EIU) found Singapore to be the world’s most expensive city.[1] After comparing the prices of 180 services and products across 133 countries, the city-state topped the charts for the second year in a row.[2] With grocery ...

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Anarchy, State and Somalia

Anarchy, State and Somalia

By BENJAMIN JUDGE 27/02/2015 This article argues that in anarchic states vacuous of the rule of law, laws are created by decentralized self-governance institutions which ensure economic success. Adopting Thomas Bingham’s (2011) framework, the rule of law can be defined as a situation where “all persons and authorities within the state…[are]…bound ...

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Je suis homo economicus

Homo Economicus

By ANTONIA JÜLICH and CHRISTOPH WINTER 12/02/2015 Twelve people were killed in a terrorist attack because of religious beliefs. Images of a horrendous bloodbath. Relatives grieve for their losses. Most probably you associate these images with the Charlie Hebdo shootings in Paris. Yet, the probability that these attacks took place ...

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Comparative Advantage

CA

BY JAMES SCOTT 19/02/2015 The theory of comparative advantage holds a particular place of pride within the economics profession. It is one of the first things that budding young students of economics learn, and this experience has been said to be akin to a rite of passage event – an initiation ...

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