All in Economics
No true change and reform is straightforward. But markets, in almost all cases, prefer stability and the status quo – what is going on in Malaysia may be anathema to markets.
For any given individual, the narratives we tell ourselves about how the world works or how events play out becomes our ‘truth’ and can very easily take precedence over facts.
I would go all-in on the bet that taxes, whether defined in quantum or in type, are just going to increase as we move into the future.
Can Economics show how, the most irrational and illogical – by conventional wisdom, anyway – emotion that humans have can be rational and utility maximising?
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.