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Creative approaches

Department of creative solutions

Ryan Hahn's picture

Having trouble flipping that property you bought before the subprime crisis hit? Perhaps you just need a more creative approach. You could try raffling it off, like this apparently unsellable 'eco-house' in the UK (Hat tip: Adam Smith Institute). Or if you're in the market to buy, you might consider paying for a £25 ticket for a chance to win the house.

Investing in social capital markets

Ryan Hahn's picture

Bill Gates seems to have expressed the sentiment the best in his speech at Davos when he discussed the need for something he called creative capitalism. He argued for "an approach where governments, businesses, and nonprofits work together to stretch the reach of market forces so that more people can make a profit, or gain recognition, doing work that eases the world’s inequities." And this sentiment came from one of the most successful capitalists of all time.

Evaluating creative capitalism

Ryan Hahn's picture

The discussion over at Creative Capitalism continues, and the most recent offering is from Esther Duflo. (Duflo is well known because of her work promoting the use of randomized evaluations in development economics.) In part, she responds in her post to criticisms from Bill Easterly directed at the notion of creative capitalism.

The many uses of Second Life

Ryan Hahn's picture

Last year the World Bank's Doing Business team released its annual report in Second Life. For those of you without the appropriate level of nerd credentials, Second Life is an online virtual community that allows users to create avatars and interact in constructed virtual worlds. Doing Business took advantage of this platform to reach some 700 "residents" of Second Life and another 1,000 audio listeners.

Russian CSR - no longer a contradiction in terms?

Ryan Hahn's picture

As average Russians have seen steady improvements in their income for almost a decade, they have gotten a taste for luxury goods - you can see many in Moscow flaunting their Gucci and Prada, recently returned from a trip to Milan. But this is not the only thing their improved incomes are buying, at least according to a recent article in the Moscow News: