Posts Tagged ‘David Ricardo’

  • Obama/Biden and Romney/Ryan Issues

    Election Economics: Assessing Outsourcing

    Jul 16, 12 • 1105 Views • 4 Comments

    Until November 6, at econlife, Mondays will be about presidential election economics. In 2004, when President Bush’s Council of Economic Advisers chairman, Harvard professor Greg Mankiw, was lambasted for saying, “… I think outsourcing is a......  [read more]

  • Frittata with spinach and onion

    Should We Buy Local?

    Jun 21, 12 • 521 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 • 687 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 • 534 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 • 536 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]