A comment on the last piece prompts this tiny lesson in microeconomics. “Corruption is one big pain point in the economic growth of a country. I have this funny idea but would like your inputs from an economists perspective. If… Read More ›
Month: February 2017
The Wealth of Nations — Part 1
In his 2016 annual letter (pdf, 28 pp) to the shareholders of Berkshire Hathaway, Warren Buffett makes this observation about America’s economic dynamism. “One word sums up our country’s achievements: miraculous. From a standing start 240 years ago – a… Read More ›
Churchill on Mohammedanism
Winston Churchill (1874 – 1965) was no saint. The English should thank god for that. He was a patriot. He served in the British army and was a writer before he entered politics and eventually became the prime minister of… Read More ›
Of Prizes and People
We humans instinctively categorize, especially people. We are amateur primitive set-theoreticians. There are infinite ways to categorize people since humans have a humongous number of characteristics. Consider the categories of people who award prize and people who win prizes. In… Read More ›
There are 10 Kinds of People
A comp sci joke claims that there are 10 kinds of people: those who understand binary numerals and those who don’t. Being a former computer science student myself, I find it tickles my funny bone.
Private Goods, Club Goods and Public Goods
Charging home owners’ association dues based on the size of the property is common practice in many places across the world. Is that economically efficient and is it equitable? The short answer to the question raised by reader Mr Baransam1… Read More ›
Monkey see, monkey do
I tell you, kids these days . . .
AMA Reply: Feminism
Keshav Bedi asked my opinion on “the topic which is very fashionable these days here at Varsities in India, ‘Feminism’.” I’m not familiar with what’s fashionable in Indian universities, unfortunately. I assume they’re leftist pinko swamps. I will not go… Read More ›
