Posts Tagged ‘David Ricardo’

  • Frittata with spinach and onion

    Should We Buy Local?

    Jun 21, 12 • 334 Views • No Comments

    I just finished an omelette with eggs and spinach from a nearby farm. It tasted good, I supported local business and I helped the environment. You could say that I had my cake (but it was spinach) and ate it too. But, here is the surprise. If you care about...  [read more]

  • US Chicken Paw Exports to China

    Chicken Economics

    Apr 14, 12 • 340 Views • No Comments

    Ten chicks. If I were teaching in Uzbekistan instead of Summit, NJ, I might have received 10 Serbian chicks as a part of my salary. According to Radio Free Europe, the Uzbek government partially paid certain teachers and doctors with chicks. Their goal was...  [read more]

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    Giraffes and Levis

    Mar 8, 12 • 277 Views • No Comments

    French fashion, food, wine and now a French giraffe. Most French moms buy Sophie for their newborns. Seven inches tall, with brown spots, black eyes and pink cheeks, she is just a rubber toy giraffe that squeaks. In French supermarkets, her price is $12. In...  [read more]

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    Chinese State-Run Firms

    Feb 24, 12 • 305 Views • No Comments

    Where would your cell phone, your car, your gasoline, your savings account and the TV station you watch all have one thing in common? China. Called state capitalism, 45% of the Chinese economy is owned or controlled by the government.  With 655 million...  [read more]

  • Is It Better to Outsource or Insource T-shirts?

    A Tale of Two “T-Shirts”

    Feb 14, 12 • 297 Views • No Comments

    What if the cost of producing a woman’s polo shirt is $29.57? Its manufacturers would sell it to retailers for $65.00 who then mark it up to a $155.00 selling price. According to the Wall Street Journal, the land, labor and capital for an upscale green...  [read more]