The Korea Herald published my analysis of Willam Easterly's paper "Benevolent Autocrats." Check it out at the CFE Website . Easterly questions if "benevolent autocrats" really deserve credit for high economic growth. The Idiots' Collective calls it "a must-read" piece. I agree. [Casey Lartigue, Jr.] Park Chung-hee: Dictator or benevolent autocrat? It ain’t necessarily so. That’s what New York University economics professor William Easterly essentially says about crediting “benevolent autocrats” like South Korea’s Park Chung-hee for high growth rates. In “Benevolent Autocrats,” a provocative working paper posted in May, Easterly 1) argues that economists should be skeptical of the “benevolent autocrat” theory; (2) questions whether benevolent autocrats truly deserve credit for growth; (3) and concedes he is making a losing argument because cognitive biases lead many to believe in benevolent autocrats regardless...
"No matter who says what, you should accept it with a smile and do your own work."--Mother Teresa (attributed)