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Moral Hazard
Moral Hazard in economics refers to a situation in which economic agents undertake private actions with stochastic effects on final outcomes. Notice that I have highlighted “private” and “stochastic”. Corruption is an example of moral hazard. Public officials can undertake actions which are not observable by the public or they are not verifiable to the courts. The fact that they are not deterministic (in other words because the public cannot tell if unfavorable events are due to inaduequate actions by public officials or due to random, probabilistic events) can make it virtually impossible to make a case against these agents. The actions of these agents can provide private benefits to them. Has moral hazard and the associated corruption played a significant role in shaping up Greece’s economic woes?
Idiot
To xerete oti i Aggliki lexi “idiot” (diladi “ilithios”) proerhetai apo tin Elliniki lexi “idiotis”? Kai afto dioti idiotis stin arhaia Ellada itan aftos pou den asholeito me ta koina. Sinepos, i lexi idiotis ehei ipotimitiki simasia.
Pos tha apokalousate aftous oi opoioi erhontousan stin Elliniki exousia apo genneseos tou Ellinikou kratous me monadiko skopo to idiotiko ofelos kai ohi to koinoniko? Pos tha apokalousate aftous oi opoioi anelamvanan tin exousia me stoho tin dimiourgia prosopikis periousias meso ipertimologiseon dimosion promithion kai ergon? Prokeitai i’ den prokeitai gia “ilithious”?
Pou ftasame me aftous tous “ilithious” pou mas kivernousan? Sto na proskaloume pali tous gnostous xenous sotires.
Simera pou grafo afta, itan se ola ta diethni nea to kolpo ton “debt swaps” meso Goldman Sachs gia tin metahronolgisi tou Ellinikou hreous. Kittaxte NY Times, WSJ and Baseline Scenario.
Epeidi ton telefteo kairo mou dimiourgithike ena sinesthima thlipsis kai apithmenis aidias, apofasisa na xekiniso afto to blog.
myEllada 