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Category: Economics

In Montreal this Week for the Global Food Security Conference

I am spending the week in Montreal for the Global Food Security Conference at McGill University.

I will be speaking at a session titled “Can High Food Prices and Volatility Be Managed?,” along with Evan Fraser, who co-wrote Empires of Food, one of my favorite books on food policy.

If you will be attending the conference, come by and say hi. If you are in Montreal and would like to go out for drinks, get in touch.

Everybody’s an Expert

Columbia University historian Mark Lilla does a short Q&A in this week’s New York Times book review.

[T]here’s another factor, I think, and that is the centrality of economic policy to our politics today, and its inherent complexity. Though wars are complicated things, it’s not hard to develop a defensible position about their legitimacy or illegitimacy. But you need to know a fair amount about finance to make any sense, for example, of the bank collapses and bailouts of 2008-9 and the stimulus that followed. Very few people have that, but in a democracy everyone is supposed to have an opinion about everything. Everyone’s opinion is supposed to matter; you shouldn’t need higher education to chime in. But on economic policy you do. This opens the field to charlatans who demonize educated elites and reassure people that “it’s really all very simple.”

The emphasis is mine.

Though I agree that there certainly are many charlatans who demonize educated elites and have simple (and almost surely mistaken) answers to complex questions, I find that, on matters of social science, many people think they know more than they actually do (because hey, they live in society!) and are prone to dismiss experts as ideological hacks.

Two New Papers on Political Power in Africa

First, a new working paper by Patrick Francois et al.:

This paper presents new evidence on the power sharing layout of national political elites in a panel of African countries, most of them autocracies. We present a model of coalition formation across ethnic groups and structurally estimate it employing data on the ethnicity of cabinet ministers since independence. As opposed to the view of a single ethnic elite monolithically controlling power, we show that African ruling coalitions are large and that political power is allocated proportionally to population shares across ethnic groups. This holds true even restricting the analysis to the subsample of the most powerful ministerial posts. We argue that the likelihood of revolutions from outsiders and the threat of coups from insiders are major forces explaining such allocations. Further, over-representation of the ruling ethnic group is quantitatively substantial, but not different from standard formateur premia in parliamentary democracies. We explore theoretically how proportional allocation for the elites of each group may still result in misallocations in the non-elite population.

The emphasis is mine, and in light of my one-observation sample — the 2009 coup d’état in Madagascar — I can’t say that I am surprised.

Second, a new working paper by Rainer and Trebbi:

The study of autocracies and weakly institutionalized countries is plagued by scarcity of information about the relative strength of different players within the political system. This paper presents novel data on the composition of government coalitions in a sample of fifteen post-colonial African countries suited to this task. We emphasize the role of the executive branch as the central fulcrum of all national political systems in our sample, especially relative to other institutional bodies such as the legislative assembly. Leveraging on the impressive body of work documenting the crucial role of ethnic fragmentation as a main driver of political and social friction in Africa, the paper further details the construction of ethnic composition measures for executive cabinets. We discuss how this novel source of information may help shed light on the inner workings of typically opaque African political elites.

Again, the emphasis is mine.