International Trade and Finance

First explained by David Ricardo through comparative advantage, international trade and finance expands worldwide efficiency and productivity. Econlife looks at international trade to see its impact through goods and services, trade balances, trade barriers like tariffs and quotas and subsidies.

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    Operation Twist Again

    Sep 23, 11 • 540 Views • No Comments

    Operation Twist is a great name but tough to understand. Our starting point is interest rates. When you loan someone $100, you expect to be repaid more. How much extra? It depends on many variables so let’s just look at one. Time. When the federal......  [read more]

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    Benford’s Law and Greece

    Sep 22, 11 • 594 Views • No Comments

    Does it matter that low first digits occur more frequently? First some history. During the 1920s, Frank Benford, a physicist at GE, noticed that “one” appeared more frequently as the first digit of a number. To test his thesis, he accumulated......  [read more]

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    Oil Worries?

    Sep 19, 11 • 529 Views • No Comments

    Have you ever heard of Hubbert’s Peak?  No, it is not a mountain. Hubbert’s Peak refers to our oil supply. In 1956, Marion King Hubbert warned us that U.S. oil production would peak within 15 years. And, the only direction after the peak is......  [read more]

  • China’s High Speed

    Sep 18, 11 • 580 Views • No Comments

    China Railways: “organ” of the state; source of tickets 820 miles JingHu Line (Beijing Shanghai) http://www.vanityfair.com/business/features/2011/10/china-......  [read more]

  • The Per Capital Dog Population Is An Economic Indicator

    Pooches and Prosperity

    Sep 18, 11 • 536 Views • No Comments

    In Latin America, with Brazil #1, being middle class means owning a dog. According to the Economist, more dogs mean more pet food, “knick-knacks,” and veterinary care. Based on pet food sales, the Latin American dog to cat ratio is 6 to 1. (In......  [read more]