For our elites, the key decision is to what extent greed can be moderated so property rights (even over plundered assets) by outgoing factions will be respected by incoming ones.
Posts Tagged ‘property rights’
Elite property rights in the Philippines II
Posted: March 20, 2010 in Cory Aquino, Erap, GMA, Philippine politics, Political economyTags: elite factions in the Philippines, Erap, FVR, GMA, property rights, realist IR theory, Tita Cory
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What a week!
Posted: August 13, 2009 in UncategorizedTags: Alpha Sigma, Arnel de Guzman, Bongbong Marcos, Cory Aquino, Douglass North, dragon effect, elite squabbles, elites, GMA, Imee Marcos, John Nye, new institutional economics, NIE, property rights, Tita Cory
I know, I know, I know. This blog should have been written and posted four days ago. And I should be blogging on more recent events. But I need to get this particular blog done and ‘out of the way’. The obvious high point of the fantastic week was Tita Cory’s death, wake, and funeral. [...]
Property rights issues in the Philippines
Posted: August 2, 2009 in Philippine politics, Political economyTags: economic rents, Eduardo Cojuangco, elites, Ferdinand Marcos, John Nye, martial law, Noel de Dios, political cycle, property rights
Last Friday, I attended a symposium entitled ‘Will Elites Allow Reform: Property Rights Issues in the Philippines’ at the UP School of Economics. One of the speakers, Prof. John Nye of the George Mason University, argued that a necessary condition for economic growth is ending the vicious cycle of vindictiveness amongst the elite fractions in [...]
