Category: Uncategorized
The Pandemic Cases: US versus India
The latest print issue of Economist has an editorial [@Americanway]. It is a good piece because it tries to paint a fair, fact-respecting picture, not to place false blame on
What The World Should Be Doing Right Now
Just read the latest issue of The Economist with a cover of “Is China Winning?” Not the best piece of the journal but still an interesting question. I agree with
The Economics of Pandemics
The latest issue of Economist (March 14th to 20th) has a cover story entitled “The politics of pandemics”. This blog instead is about the economics of pandemics. No other stories
Comparative Advantage & Problems with Low Productivity
Comparative Advantage Based on High /Low Productivity The Ricardian model implicitly specified two kinds of comparative advantage: those based on high versus on low productivity. In the original model of
The Examples of Four Rs
Four things fundamentally different between China and US is respect for truth, respect for rules, respect for others and respect for self. China is weaker relative to US in all four aspects. …
Everything You Need To Know About Opportunity Cost
Human Choice Creates Opportunity Cost Opportunity cost is fundamentally derived from human choices /decisions, not from goods involved or produced in a choice. Therefore, as long as you have made