HeyJaredCubanomics
A newsletter on Cuba's institutions and its political economy.
- Indexed issues, last 90 days
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- Sep 5, 2026
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The 176 Measures and the Problem of Credible Commitments (opens the original)
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Perhaps every problem of economic reform can ultimately be understood as a problem of credible commitment. Although the topic is hardly new in economics, one of the seminal contributions is Douglass North and Barry Weingast’s article explaining how the English Crown expanded its access to public finance after the king’s power was constrained and substantial decision-making authority shifted to Parliament. This institutional change followed directly from what became known as the Glorious Revoluti
Las 176 medidas y el problema de los compromisos creíbles (opens the original)
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Tal vez todo problema de reformas económicas pueda resumirse en un problema de compromisos creíbles. Aunque el tópico es algo viejo en economía, una de las principales piezas al respecto es el artículo de Douglass North y Barry Weingast sobre cómo la Corona inglesa pudo expandir las finanzas públicas después de restringir el poder del rey y trasladar una parte importante de la toma de decisiones al Parlamento. Este gran cambio fue una consecuencia directa de lo que se llamó la Revolución Glorios
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