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 [...]

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].

In the wake of the recent controversy surrounding Free Markets, and more specifically, the “How could we be so stupid as to believe markets could work?” statements, we feel it is time to clear the air and make a couple blanket statements:
Efficient Markets does Not mean continuous growth
It is excusable in a way. We [...]

We have all heard of Joseph Stiglitz; the Nobel prize winning economist who releases books every now and then. You may also be familiar with his belief in more regulation for the economy and his criticism of President Obama’s rescue plan for the financial industry, famously remarking that whoever came up with it is [...]