Tag Archives: hugo chavez

Political Risk

By Josh Weil | Published: January 2, 2010
Part of the reason there is no “race to the bottom” of multinational corporations relocating to countries with the cheapest labor and environmental costs is insecure property rights. If the government takes your property with probability p >0, then you are going to be more cautious about putting property in places where p is high [...]
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Communism Lives

By Josh Weil | Published: November 8, 2009
Why does the country with the world’s largest oil reserves and the 4th largest river face an energy shortage? Answer below the jump. Social Bookmarking
Posted in Government Spending, Knowledge problem, Price Theory | Also tagged , , | Leave a comment