What I am reading this week...

For one of my courses, Principles, Practices and Policy of International Community Economic Development (or PPP for short, because who ever wants to say that mouthful?), we are studying corruption as a hindrance to development. Our main reading is "Economic Gangsters: Corruption, Violence, and the Poverty of Nations" by Ray Fisman and Ted Miguel. Based on in-depth and long-term research, it is written in everyday vernacular and reads in a couple days - or a couple more, if you're taking detailed notes ;)

The basic idea behind the book is that while most of us are textbook economic entities - rational beings who make choices based on logical decisions, not rash impulses - economic gangsters are those people who are unconstrained by scruples of conscience. Although all people are reduced to the rational calculus of survival when they are in desperate circumstances, wherein conscience is a "forgone luxury", economic gangsters are those who abuse of public office for private gain.

It's a great read if you're at all interested in the subject. It's quite entertaining, too, like when the authors measure corruption by the number of unpaid parking tickets by UN diplomats in New York City. Even though diplomats are not obligated to pay the tickets, tickets are still issued on their cars if they are parked illegally. Funny enough, although a lot of parking tickets are issued close to UN headquarters, there are also a vast number of tickets issued outside very high end restaurants and boutiques... hmm, interesting. Rest assured: although Canada did incur two or three tickets over the period studied (compared to hundreds and thousands from some other countries' diplomats) the tickets were paid with the utmost speed. Based on this measure, Canada is not a very corrupt nation :)

Here's one for the road, for lack of a better one. Apparently people find how I sleep in hotel beds funny, because this is the second time someone's taken a picture of the occurence. This one is from January in New Hampshire, taken by Charlie. What can I say, I love down pillows!