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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.
By David Leonhardt / The Bulletin
March 15, 2009
Sixteen years ago, two economists published a research paper with a delightfully simple title: “Looting.”
The economists were George Akerlof, who would later win a Nobel Prize, and Paul Romer, the renowned expert on economic growth. In the paper, they argued that several....
