Inequality is typically a symptom of something else at work. Rather than lambast inequality for inequality’s sake, we should take great care in finding out how that inequality came to be.
All in Economics
Inequality is typically a symptom of something else at work. Rather than lambast inequality for inequality’s sake, we should take great care in finding out how that inequality came to be.
Over the weekend, I finished watching The Wire, a HBO drama series concluded in 2008, that revolved around the city of Baltimore, Maryland
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.