Rostra Economica

The Nobel Prize Winner Contract Theory

“The social pact, far from destroying natural equality, substitutes, on the contrary, a moral and lawful equality for whatever physical inequality that nature may have imposed on mankind; so that however unequal in strength and intelligence, men become equal by covenant and by right.” – Jean-Jacques Rousseau, The Social Contract. Contracts have existed since the beginning of

How Close Can You Go #2 – Interview Managing Director and Executive Committee member KAS Bank

How Close Can You Go #2 – Mark Schilstra, Managing Director and Executive Committee member of KAS Bank “Back in the days when I was fifteen years old, I worked my socks off to buy a new stereo system. Every Thursday, every weekend, every holiday I worked at the local supermarket for three-and-a-half years to

Blues in Bogotà

A Colombian history of violence

Colombia is a country in which truth and legend intertwine on a daily basis, where everything is possible and impossible at the same time, and there is sometimes more truth in the old folk’s tales than in official news reports, just like one of Gabriel Garcìa Màrquez’s novels. Garcìa Màrquez also used to say that

Abenomics: For Japan, is it a solution anyway?

  Despite all of the seemingly global political shifts towards more protectionism and nationalism, highlighted by the astounding outcome of the Brexit referendum mid-June, Japanese voters have decided themselves to maintain the status quo, as Prime Minister Shinzo Abe, the founder of Abenomics, received its much-needed support by getting 33.5 percent of voters to maintain