A foolish consistency is the hobgoblin of little minds, adored by little statesmen and philosophers and divines. With consistency a great soul has simply nothing to do. He may as well concern himself with his shadow on the wall. Speak what you think now in hard words, and tomorrow speak what tomorrow thinks in hard words again, though it contradicts everything you said today. Ah, so you shall be sure to be misunderstood. Is it so bad, then, to be misunderstood? [...] To be great is to be misunderstood.
— Ralph Waldo Emerson
One of the greatest calamities of civilization is an educated fool.
— Karel Čapek
If someone is able to show me that what I think or do is not right, I will happily change, for I seek the truth, by which no one was ever truly harmed. Harmed is the person who continues in his self-deception and ignorance.
— Marcus Aurelius
Growth Diagnostics in Practice, Part 2: The Case Against Human Capital as Senegal's Binding Constraint
Filip Čermák Filip Čermák

Growth Diagnostics in Practice, Part 2: The Case Against Human Capital as Senegal's Binding Constraint

In Part 1, I showed that Senegal's structural transformation has produced employment reallocation without productivity gains. Workers left agriculture, cities grew, and GDP rose, but they moved into low-productivity informal services rather than manufacturing or high-value activity. The question that follows naturally is: is this because Senegal's workers aren't educated enough? It's a reasonable hypothesis. Tertiary enrolment sits at just 17%. Quality-adjusted years of schooling are well below what Senegal's income level would predict. If skilled workers are genuinely scarce, that scarcity would suppress the productivity upgrading the economy needs.

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Growth Diagnostics in Practise, Part 0: Growth Diagnostics Explained: Dani Rodrik’s Method for Designing Development Policy
Filip Čermák Filip Čermák

Growth Diagnostics in Practise, Part 0: Growth Diagnostics Explained: Dani Rodrik’s Method for Designing Development Policy

I just finished reading Dani Rodrik's 2005 paper "Growth Strategies," and as often with his papers I was left feeling like I understand the world a little better.  Rodrik doesn't side with one or another development strategy. Instead, he makes a nuanced argument about what to do with all of them. He argues that successful reforms are built around economic principles tailored to local capabilities, constraints, and opportunities, and the hard part is figuring out which constraint is the binding one in a specific time and place.

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Degrowth, Climate Policy, and Global Economic Interdependence
Filip Čermák Filip Čermák

Degrowth, Climate Policy, and Global Economic Interdependence

This essay argues that while degrowth and spaceship economy models raise important concerns about environmental limits, both face significant constraints in political feasibility and risk imposing disproportionate costs on economies in the GlobalSouth.

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Patent Laws and Global Inequality: How Corporations Shaped Global Trade RUles
Filip Čermák Filip Čermák

Patent Laws and Global Inequality: How Corporations Shaped Global Trade RUles

In the Globalization Paradox, Dani Rodrik names many aspects of hyperglobalization that hinder the development of developing countries. He mentions: “Unlike the GATT, which left poor nations essentially free to use any and all industrial policies, the WTO imposes several restrictions (page 198).” Among these restrictions on industrial policy, Rodrik mentions export-processing zones (that helped with the development of Mauritius, China, and many countries in Southeast Asia), policies that require firms to use more local input (domestic content requirements), and patent and copyright laws.

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Corruption: What everyone needs to know
Filip Čermák Filip Čermák

Corruption: What everyone needs to know

I just finished reading a book by Ray Fisman and Miriam A. Golden called Corruption: What Everyone Should Know. The book’s subtitle — what everyone should know — implies that a basic understanding of corruption as a societal phenomenon is something all of us should have in order to fight against it. For this reason, this blog is written in a way that should be understandable even without any economics or social science background.

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Do institutions really matter?
Filip Čermák Filip Čermák

Do institutions really matter?

How do we distinguish the effects of institutions from those of the conditions that give rise to them in the first place ?

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Is Embracing Emptiness in Buddhism a Pathway to Nihilism?
Filip Čermák Filip Čermák

Is Embracing Emptiness in Buddhism a Pathway to Nihilism?

The Buddhist tradition rejects the idea of “The Self” as a unique and permanent subject. The concept of Anatman means that “I” is only a momently reflection of the five randomly aligned realities in time and space which create a superficial sense of identity.

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A Heap of Feathers on Národní Street
Filip Čermák Filip Čermák

A Heap of Feathers on Národní Street

Translated a short story I wrote in 2020 for my Czech creative writing seminar:

I just came out of Máj onto Národní. I’m trying to reach tram stop number 17 – National Theatre. Hopefully, I'll meet my friends from my planet there, and we will be able to see our homeland again. I set out an hour and a half ago, and yet I still haven’t moved from the spot. I always take three steps, and then a strong wind rises.

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Degrowth Ideals and Effective Decarbonization Strategies
Filip Čermák Filip Čermák

Degrowth Ideals and Effective Decarbonization Strategies

The blog discussion between Branko Milanović and Jason Hickel on degrowth brings up some interesting insights into the notion of degrowth by two highly influential academics who both agree that decarbonization is needed yet disagree on how it should be achieved.

This blog will outline the key arguments of the two authors on degrowth and evaluate the feasibility of their ideas in terms of policy implementation.

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I don't want to go to work… and why should I?
Filip Čermák Filip Čermák

I don't want to go to work… and why should I?

Most mornings, I struggle to get out of bed and be productive. Despite this, I still wake up relatively early, work hard, and often sacrifice immediate pleasures for the future betterment of myself, a better life for my future children, the prosperity of my community, and who knows what else. So, can I skip setting an alarm for tomorrow morning?

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China’s Exchange rate system reform Explained
Filip Čermák Filip Čermák

China’s Exchange rate system reform Explained

In the past 40 years, China has undergone a remarkable economic transformation, positioning itself as a potential global hegemon. A key factor behind this extraordinary growth has been the reform of China's exchange rate system, which enabled the nation to emerge as the world's factory while effectively fending off speculative attacks on its currency. In this blog, I will provide a simplified explanation of this pivotal process that has reshaped the global economic landscape.

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A Typology of International Educational Development Projects
Filip Čermák Filip Čermák

A Typology of International Educational Development Projects

Education is widely recognised as a crucial contributor to, and part of, prosperity in any country, coming with a variety of both extrinsic and intrinsic values. Due to this, millions of euros are annually invested into a variety of international development projects focused on improving education

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