A recent article in slate by Columbia economics professor Ray Fisman, drawing on a forthcoming paper in American Economic Review [”Diamonds Are Forever, Wars Are Not. Is Conflict Bad for Private Firms?“] by fellow economists Massimo Guidolin and Eliana La Ferrara, takes the answer to their question [i.e., no, not necessarily, and sometimes it is […]

Iraq, with an impotent central government propped up by US troops and sectarian militias, is in practical terms a failed state. Afghanistan is in deep trouble. Pakistan’s dictator president is publishing a memoir aimed at burnishing his anti-US credentials. Hezbullah is sitting pretty in Lebanon. Gaza is in ruins. Iran is daily gaining clout in […]