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Letter from Dumaguete

Letter from Dumaguete

The economics and politics of rice

The production, consumption, and importation of food (rice or grains) have posed contentious, as well as analytically-difficult issues, even when economics was still in...
Orlando Roncesvalles -
Letter from Dumaguete

The agony and ecstasy of reclamation

Reclamation is a great idea. Both deus ex machina and manna from heaven for our lovely City by the Sea, it confers gargantuan benefits....
Orlando Roncesvalles -
Letter from Dumaguete

How money and inflation are institutions

What are institutions?We often think of institutions as organizations, or less often, as something collectively instilled in the minds of people. The Red Cross...
Orlando Roncesvalles -
Letter from Dumaguete

Economics somehow defined

Economics was once said to be the study of the “ordinary business of life.” Today that definition seems to falter if only because many...
Orlando Roncesvalles -
Letter from Dumaguete

Traffic woes: The enemy is us

Almost gridlockJust about everyone complains these days about traffic in Dumaguete that I often wonder whether we’re fast approaching the gridlock of Los Angeles,...
Orlando Roncesvalles -
Letter from Dumaguete

The good and bad in economics

I have been asked several times how students of economics should view the discipline. Let me first examine the actual views of the...
Orlando Roncesvalles -
Letter from Dumaguete

The perfect bet and financial savvy

What are financial markets? At first apprehension, these are simply places where borrowers meet lenders, or where risk-takers meet investors. But these markets do...
Orlando Roncesvalles -
Letter from Dumaguete

Can 2008 repeat?

Mervyn King (The End of Alchemy, W. W. Norton, 2016) wrote his book on the 2008 global financial crisis, mainly to draw lessons that...
Orlando Roncesvalles -
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