The best thing a society can do to increase its prosperity is to wise up. This means, in turn, that it is very important that economists, inside government and out, get things right. When we are wrong, we do a lot of harm. When we are right--and have the clarity needed to prevail against the special interests and the quacks--we make an extraordinary contribution to the amelioration of poverty and the progress of humanity. The sums lost because the poor countries…

The recommended central goal for economic reform and development must be to create a strong, dynamic and balanced economy in Zambia that should:

• Plan to achieve a GDP growth rate of 10% per year from the first year of Government and single digit inflation below 5% from the second year;
• Immediately reduce the size of Government by reducing the number of Ministries to only 17 each supported by a professional Permanent Secretary plus a cabinet level Chief of Staff at State…

Economic growth and development has traditionally been subject of economics since Adam Smith and it is still focused by theoretical, methodological practical experts as well. Despite our increasing knowledge, the international community emphasise and point to the importance of research into this field. The relation between the economic growth and the development of a nation is excessively debated among the economists and the international development agencies. In the case of Zambia…

Lately, a number of people including politicians who have no idea about Economics have been arguing for the Zambian Government to re-introduce Windfall taxes on the mines. However, much of the arguments for this re-introduction have been quite shallow and without much technical basis.…