Economics and Development - Concordia Discors Magazine

Economics and Development

Why Nations Fail Begins in the Village: The Ethos of Institutions

Banfield’s village and Acemoglu’s empires converge on one truth: institutions rest on ethos. Without trust, reciprocity, and civic friendship, even fountains go unrepaired—and nations, too, begin to fail.

Economics and Development

Milei vs. Epistemic Tribes of Economists: Crisis, Consensus, and Argentina’s Recovery

In 2023, more than 100 economists warned Javier Milei’s election would spell “devastation” for Argentina. Two years later, GDP is rising, inflation is falling, and fiscal surpluses return. The devastation was not economic but epistemic: the cost of mistaking consensus for truth.