Price Gouging the Desperate

A famous scene from Shakespeare’s Richard III: ACT V SCENE IV. Another part of the field. Alarum: excursions. Enter NORFOLK and forces fighting; to him CATESBY CATESBY Rescue, my Lord of Norfolk, rescue, rescue! The king enacts more wonders than a man, Daring an opposite to every danger: His horse is slain, and all on …

Legalizing Bribery

India’s chief economic advisor and Cornell professor Kaushik Basu proposes (PDF) “a small but novel idea of how we can cut down the incidence of bribery” (h/t: Bruce Schneier): There are different kinds of bribes and what this paper is concerned with are bribes that people often have to give to get what they are …