While We’re Discussing Iraqi Oil …

This interesting Baltimore Sun commentary by David Quayat highlights some of the economic and social problems seen in history in countries that rely on oil for their economic strength. Given what we’ve seen, especially in Saudi Arabia and Venezuela, his cautions are worth serious consideration. … More While We’re Discussing Iraqi Oil …

More Newsweek Special On Experimental Economics

Here’s a more extensive set of links to the articles I mentioned below. An Experimental Mind Having shaken the ivory tower and reshaped big government, Vernon Smith’s ideas are revolutionizing business By Rana Foroohar Give All Iraqis a Share Auctions of state wealth go back to Rome, but no one has ever done it fairly. … More More Newsweek Special On Experimental EconomicsMore More Newsweek Special On Experimental Economics