Interessant3 #168 | Constitution of Innovation, Roman Labour Supply, Global Poverty News
By Duarte Martins••350 words
, Bengt Holmström & Nicolas Petit – The Constitution of Innovation: A New European Renaissance
The authors argue Europe has lost its economic edge by drifting from its original purpose: prosperity through market integration and innovation, not regulatory sprawl.
They detail how decades of growth were undone by bureaucratic overreach, with internal trade now hampered by the equivalent of 44% tariffs on goods and 110% on services.
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Proposals include ending the overuse of EU directives, establishing specialised commercial courts, enforcing true mutual recognition, and reviving a “28th regime” for pan-European business.
Central to their vision is revitalising creative destruction: enabling firm entry and exit, encouraging risk, and rewarding innovation over protectionism.
Peter Temin – The Labor Supply of the Early Roman Empire
Temin overturns the standard view of Ancient Rome as a static slave economy, arguing instead that a real, functional labour market existed across free and slave populations.
Roman slavery, unlike the closed systems of the Americas, was “open”: frequent manumission and legal integration of freedpeople created incentives akin to free-market dynamics.
Wage data suggests price responsiveness and regional comparability, with slaves and free workers alike participating in markets for skilled and unskilled labour.
Educated slaves were common, and the expectation of eventual freedom gave many an incentive structure similar to that of indentured servants or employees on performance contracts.
The labour market in Rome, especially urban centres, mirrored early modern Europe more than feudal economies, responsive, incentivised, and socially mobile (at least for some).
The Labor Supply of the Early Roman Empire – MIT Economics
UNICEF – State of the World’s Children 2023
Excellentnews : from 2000 to 2023, the share of children facing “severe deprivation” dropped from 65.1% to 40.6%, a global shift driven not by income, but by access to basic services.
This multidimensional metric includes education, water, sanitation, housing, nutrition, and health, not just money.
Gains came from infrastructure investment, health initiatives, and expanded schooling, though progress has slowed in fragile and climate-exposed regions.