Institutions that are supposed to play the game and enforce the game are increasingly broken in South Africa, writes Serjeant at the Bar. The Nobel Prize-winning economist Douglas North was particularly noted for his emphasis of the importance of institutions for economic progress. He argued that institutions are the humanly devised constraints that structure political, economic…
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Kelly Haggett figures that a mandatory surcharge added to Washington state’s payroll tax cost her about $500 last year. But she doesn’t really mind. “On a scale of 1 to 10 of my annoyance with taxes in general, this one is about a 2,” she said. “I see the benefits.” The small surcharge on wages