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Social Affairs

Hardcore economists believe the mystique power of the ‘invisible hand’ in the market, first conceived by Adam Smith, essentially creates a self-equilibrating market. But our columnist Taye Negussie (PhD) argues such characterization of the market, particularly when it comes to utilization and preservation of natural resources, misses the subtlety of the actual market exchange processes  

Taye Negussie (PhD)

Despite its renowned long-history as a state, unfortunately Ethiopia has so far never been able to see any semblance of a democratic regime. All the hitherto reigning regimes have been bluntly autocratic varying only in their ideological discourses; though, now authoritarianism is in its worst state as the current government combines it with the perilous ideology of ethnocentrism.