Cubanomics: Cuba’s Political Economy and its Institutions

Economics is the science that examines human behavior in the pursuit of maximizing benefits and minimizing costs under conditions of scarcity. These behaviors are shaped and guided by institutions and societal norms.

I will apply this precise definition of economics to analyze the economic realities and phenomena specific to Cuba. My focus will be on understanding the behavior of individual agents operating within the framework of institutions established by the Cuban Communist Party.

Furthermore, I aim to explore and advocate for alternative institutional arrangements that could enhance the general welfare of the Cuban population.

As a proponent of the Austrian School of Economics and Public Choice Theory, it is important to note that my analysis may include normative perspectives on the economic situation in Cuba.

While this blog is titled 'Cubanomics,' it is rooted in the understanding that economics as a science welcomes interdisciplinary insights. Therefore, my analysis will incorporate concepts from various other disciplines to provide a more comprehensive understanding of the issues at hand.

This does not imply either I may touch things strictly from an ethical viewpoint when talking about historical figures or even ideological stances.