The Best and Most Important Message on Fighting the Pandemic of Late
This morning I heard from the Google News an interview of the former UK PM Gordon Brown by a US media (did not catch the name of it), which prompted
Category: Trade war
Rethinking Social Choices
Individual vs. Social Preferences The current theories or models all assume individual has complete and independent preferences over options when in fact individual preferences are never completely independent of social
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
Coronavirus & Globalization
This interesting piece from NY Times talks about how globalization is vulnerable to global outbreaks like the Covid-19. It is obvious that the backlash against globalization did not start by
The Impossible Burger and Laws of Opportunity Cost
This is an interesting piece and it shows how the laws of opportunity cost would apply. The first is time sensitivity. When the impossible burger first appeared, it was hailed
Comparing Absolute and Comparative Advantages
The Smithean model is just as well-known as the Ricardian model, except being commonly seen as an inferior counterpart of the latter. But since Ricardo modified Smith, the two have