Making Our Economy Right
Encyclopedia
Making Our Economy Right (MOER) is a free market
think tank in Bangladesh
. Headquartered in Dhaka
, the institute was established in 1991 by Nizam Ahmad. MOER is sponsored by the Atlas Foundation
in the United States
. Deroy Murdock
, an American libertarian
syndicated
columnist
for the Scripps Howard News Service
, is an advisory board member of MOER.
As a result of dictatorships
and Fabian socialism, which was the basis of Bangladesh's economy
for more than 50 years, the concept of individual freedom and free markets is at a rudimentary stage in the country. For this reason, Bangladesh's topmost economists, politicians, businesspeople, and journalists who previously encouraged MOER's work gradually became skeptical of the idea of free markets. Consequently, the theory of free markets advocated by MOER is considered extreme in Bangladesh and the institute has not gained widespread support. Its support base is those people who philosophically believe in individual liberty and personal choice. Much of the work of MOER soon after its establishment focused on spreading the idea of individual freedom, which was almost unknown in the nation.
The annual budget of MOER is US$ 3,000 to US$ 5,000. Staff of the institute publish articles advocating free market and libertarianism in national newspapers. MOER has published books both in Bengali
and in English
languages for free distribution to libraries with the help of the International Policy Network
(IPN) headquartered in London
. The think tank has published Bengali translation of classical liberal and libertarian works including The Law by French
economist Claude Frédéric Bastiat and publications of libertarian think tanks in the west. MOER also moderates a weekly radio broadcast advocating liberalization
of Bangladesh's economy. In 2002 MOER published the book Clamoring for Free Market Freedom in Bangladesh which is a compilation of essays by its founder Nizam Ahmad. It is the fourth book published by the institute and has a forward by Milton Friedman
, Chicago School economist and recipient of the Nobel Memorial Prize in Economics.
Free market
A free market is a competitive market where prices are determined by supply and demand. However, the term is also commonly used for markets in which economic intervention and regulation by the state is limited to tax collection, and enforcement of private ownership and contracts...
think tank in Bangladesh
Bangladesh
Bangladesh , officially the People's Republic of Bangladesh is a sovereign state located in South Asia. It is bordered by India on all sides except for a small border with Burma to the far southeast and by the Bay of Bengal to the south...
. Headquartered in Dhaka
Dhaka
Dhaka is the capital of Bangladesh and the principal city of Dhaka Division. Dhaka is a megacity and one of the major cities of South Asia. Located on the banks of the Buriganga River, Dhaka, along with its metropolitan area, had a population of over 15 million in 2010, making it the largest city...
, the institute was established in 1991 by Nizam Ahmad. MOER is sponsored by the Atlas Foundation
Atlas Economic Research Foundation
The Atlas Economic Research Foundation, also known as the Atlas Network, is a non-profit organization based in the United States which organizes and convenes workshops, offers training, runs prize programs, and provides advisory services in order to continue growing and strengthening an informal...
in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. Deroy Murdock
Deroy Murdock
Deroy Murdock is an American syndicated columnist for the Scripps Howard News Service and a contributing editor with National Review Online....
, an American libertarian
Libertarianism
Libertarianism, in the strictest sense, is the political philosophy that holds individual liberty as the basic moral principle of society. In the broadest sense, it is any political philosophy which approximates this view...
syndicated
Print syndication
Print syndication distributes news articles, columns, comic strips and other features to newspapers, magazines and websites. They offer reprint rights and grant permissions to other parties for republishing content of which they own/represent copyrights....
columnist
Columnist
A columnist is a journalist who writes for publication in a series, creating an article that usually offers commentary and opinions. Columns appear in newspapers, magazines and other publications, including blogs....
for the Scripps Howard News Service
E. W. Scripps Company
The E. W. Scripps Company is an American media conglomerate founded by Edward W. Scripps on November 2, 1878. The company is headquartered inside the Scripps Center in Cincinnati, Ohio. Its corporate motto is "Give light and the people will find their own way."On October 16, 2007, the company...
, is an advisory board member of MOER.
As a result of dictatorships
History of Bangladesh after independence
The history of Bangladesh after independence begins in 1971 with the independence of Bangladesh from Pakistan.-Sheikh Mujibur Rahman, 1972-75:...
and Fabian socialism, which was the basis of Bangladesh's economy
Economy of Bangladesh
The economy of Bangladesh is a rapidly developing market-based economy. Its per capita income in 2010 was est. US$1,700...
for more than 50 years, the concept of individual freedom and free markets is at a rudimentary stage in the country. For this reason, Bangladesh's topmost economists, politicians, businesspeople, and journalists who previously encouraged MOER's work gradually became skeptical of the idea of free markets. Consequently, the theory of free markets advocated by MOER is considered extreme in Bangladesh and the institute has not gained widespread support. Its support base is those people who philosophically believe in individual liberty and personal choice. Much of the work of MOER soon after its establishment focused on spreading the idea of individual freedom, which was almost unknown in the nation.
The annual budget of MOER is US$ 3,000 to US$ 5,000. Staff of the institute publish articles advocating free market and libertarianism in national newspapers. MOER has published books both in Bengali
Bengali language
Bengali or Bangla is an eastern Indo-Aryan language. It is native to the region of eastern South Asia known as Bengal, which comprises present day Bangladesh, the Indian state of West Bengal, and parts of the Indian states of Tripura and Assam. It is written with the Bengali script...
and in English
English language
English is a West Germanic language that arose in the Anglo-Saxon kingdoms of England and spread into what was to become south-east Scotland under the influence of the Anglian medieval kingdom of Northumbria...
languages for free distribution to libraries with the help of the International Policy Network
International Policy Network
The International Policy Network is a global think tank headquartered in the City of London. It defines itself as a non-partisan, non-profit organization, but has also been described as a "corporate-funded campaigning group"...
(IPN) headquartered in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
. The think tank has published Bengali translation of classical liberal and libertarian works including The Law by French
French people
The French are a nation that share a common French culture and speak the French language as a mother tongue. Historically, the French population are descended from peoples of Celtic, Latin and Germanic origin, and are today a mixture of several ethnic groups...
economist Claude Frédéric Bastiat and publications of libertarian think tanks in the west. MOER also moderates a weekly radio broadcast advocating liberalization
Economic liberalization
Economic liberalization is a very broad term that usually refers to fewer government regulations and restrictions in the economy in exchange for greater participation of private entities; the doctrine is associated with classical liberalism...
of Bangladesh's economy. In 2002 MOER published the book Clamoring for Free Market Freedom in Bangladesh which is a compilation of essays by its founder Nizam Ahmad. It is the fourth book published by the institute and has a forward by Milton Friedman
Milton Friedman
Milton Friedman was an American economist, statistician, academic, and author who taught at the University of Chicago for more than three decades...
, Chicago School economist and recipient of the Nobel Memorial Prize in Economics.
See also
- CapitalismCapitalismCapitalism is an economic system that became dominant in the Western world following the demise of feudalism. There is no consensus on the precise definition nor on how the term should be used as a historical category...
- Economic history of Bangladesh
- Politics of BangladeshPolitics of BangladeshPolitics of Bangladesh takes place in a framework of a parliamentary representative democratic republic, whereby the Prime Minister of Bangladesh is the head of government, and of a multi-party system. Executive power is exercised by the government. Legislative power is vested in both the...