Even pure, free market competition, sans oligopolies and monopolies, may lead to sub optimal outcomes from the perspective of the collective.
All in Economics
Even pure, free market competition, sans oligopolies and monopolies, may lead to sub optimal outcomes from the perspective of the collective.
The reason that the election manifestos are so far apart is not because the Median Voter Theorem does not hold but rather, it is because there is incomplete information and different presumptions by both parties as to “who” exactly the Malaysian Median Voter is.
In the Indian public sphere, two highly-respected Indian economists, Amartya Sen and Jagdish Bhagwati, have launched into a fascinating debate on the appropriate path for India’s development.
This note does not seek to critique our Ministers’ views of the homeless but rather to evaluate the economic rationale on homelessness and the ban on soup kitchens.
What the Albanian government is trying to do is somewhat similar to what the Malaysian government tried to do and is currently doing, via its Economic Transformation Program (ETP), is essentially industrial policy.
I believe there is another way that is largely untried in civil society in Malaysia. It is not a direct form of engagement but I think, in the long run, it will be the most successful.
While I will discuss the gist of the paper, I strongly assert that every policymaker and development policy researcher in Malaysia should spend some time and read the paper for themselves
We certainly prefer our doctors to update their priors based on new medical evidence, why should we not prefer that of our politicians as well?
Exposure to alternative ideas in our society and in our individual lives to either reaffirm or reevaluate our faiths is an absolute necessity in civil society.
What I will absolutely not accept is if the government does not take responsibility for its own actions towards achieving fiscal consolidation as well which is, after all, the objective of these measures.
it might alter behavior, it might be more politically supportable and it might better target those who need the handouts. As is common in most policy debates, the answer is, “Not so fast.”
The most common argument against the GST is that it is a regressive tax and so, will harm the low-income more than the middle-income more than the high-income. I think this argument is incredibly naïve.