Economics for the Intelligent Amateur

The Economist has two excellent articles on GMOs and their increase in use throughout the world. They both basically state that there has been an increase in their adoption, particularly in the developing world. Their opposition seems to lie mostly in Europe now (with some resistance in India as well). It happens [...]

Well it turns out John Maynard Keynes would have probably completely disagreed with the counter-cyclical policies we are currently seeing (reactions to free markets and deregulation leading to the over-regulations and over-muzzling of markets). I confess not having read Keynes’ Treatise on Money (apart from several excerpts in our Macroeconomics class which I must have [...]

A nice quote from Businessweek, worth repeating:
U.S. education gets rapped, too. India and China produce more scientists and engineers than the U.S., and international students who attend American universities generally must return home as soon as they’ve graduated. “We’re forcing these people to do their productive work elsewhere,” says Mark Chandler, general counsel of Cisco [...]

For those of you happy that Google refuses to censor itself in China, here is a list of countries in which it continues to do so [via Forbes].

“We are all Keynesians now”. This phrase, uttered by Milton Friedman and popularly attributed to Richard Nixon (who did say something similar), shows the influence this one man and his economics has had on our past century, and continues to have in this one. No Economic analysis is complete without an explanation of [...]