The Luddites are back

I was disappointed to read today an article by Martin Ford arguing that technological advancement will destroy the jobs of workers, and that as a result the world is headed towards a jobless economy. This is pure nonsense. Such nonsense isn't new, of course. Since the beginning of the Industrial Revolution in the late 18th…

Corporatism, Capitalism and the Arab Spring

Corporatism, Capitalism and the Arab Spring is the title of a Working Paper I completed for the Columbia University's Center for Capitalism and Society. It is freely accessible on the Center's website. All feedback is appreciated. This is the abstract of the paper: This paper examines the economics of the popular revolutions that removed the…

On Mubarak’s odious debts

On October 6th I had a piece published with Project Syndicate on the debt legacy with which Mubarak has saddled the Egyptian people. I argue that the Egyptian government should announce it is not liable for Mubarak's foreign debts, and that the person who should be made liable for them is Mubarak himself. The piece…

On Aid to Egypt and Tunisia

In June, I wrote an article for the Financial Times on the question of foreign aid and loans to post-revolutionary Tunisia and Egypt. The crux of my argument is that this aid would be a bad idea for three main reasons: 1- foreign aid's track record is less than stellar, and it is unlikely to…

On Arab Economies

Back in April, I wrote a piece with Project Syndicate on what the economic challenges facing Arab countries in light of the revolutions taking place across the Arab World. The article views two different approaches that economic reforms might take: More government provision of goods and services, or less government supervision of economic activity. I…