What does it mean for a country to default?

The case of Greece has put the subject of sovereign default back in the news. What does it mean when a country is in default? What are the implications? Many people have asked me about this, so I think a little clarification is in order: . Argentina's government may default even though many Argentine companies…

African Women – a Force for Peace

"Queens of Africa" is a line of black dolls inspired by the three largest tribes in Nigeria. They wear the wonderful traditional dresses of the three queens. And I love the song in the promotional video portraying the three queens—one of them is the Queen of Peace. , and obviously but most importantly, lack of…
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The Anchors of Happiness

A few days ago Arthur Brooks, President of the American Enterprise Institute, came to IESE to give a seminar on Capitalism and Happiness. I'd like to expand on some of his ideas about happiness, which can also be found in this article from the New York Times and in this video: https://www.youtube.com/watch?v=0F8QlNKL9nY As Brooks explained,…
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