- James Surowiecki’s discussion of Bolivia in the New Yorker a few weeks ago makes some useful points on hyperinflation, the Washington Consensus and modest reformers.
- Wondering what impact the Commonwealth Games will have on Melbourne’s economy? If this review of the US literature is anything to go by, the benefit is likely to be small. A 2002 study on the economic impact of the Sydney Olympics suggested a modest positive effect (+0.3% over 12 years), but there are a few too many assumptions in it to make me feel comfortable.
- I haven’t yet read Clive Hamilton’s new anti-growth Quarterly Essay, but my friends John Quiggin and Andrew Norton aren’t fans.