February 27, 2008
Developing Markets in Ethiopia

This morning's Wall Street Journal carried an article about attempts to establish a commodities exchange in Ethiopia. The article is gated, but here is Eleni Gabre-Madhin speaking about her plans for the commodities market. We will discuss the role of futures markets in econ 101 later this semester, and we will focus on this case in particular.

Posted by Art Carden at 10:43 AM

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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