I took the obligatory economics classes in school, but I've long been a fan of the Milton Friedman philosophy and its libertarian bent: One must be free to do what one wants to do, as long as you don't harm another. This is the seminal treatise on fr...
You like economics, don't you?' I asked. 'Everyone should know the basics,' said the Princess. 'Lasting peace will only be brought about through economic means - we should be trading with the Trolls rather than fighting them.
China is a main energy consumer and, therefore, is also a big greenhouse gas emitter. We must use energy resources rationally and must conserve. This needs us to adjust our economic structure, transform the mode of development, to make economic devel...
I know this is economic jargon, but essentially, if you bring more women to the job market, you create value, it makes economic sense, and growth is improved. There are countries where it's almost a no-brainer: Korea, Japan, soon to be China, certain...
Normally, when you challenge the conventional wisdom—that the current economic and political system is the only possible one—the first reaction you are likely to get is a demand for a detailed architectural blueprint of how an alternative system ...
Hate, emotionalism, and frustration are not policies.
In the end, rational policy is always good.
You do the policy, I'll do the politics.
If the world were full of the self-seeking individuals found in economics textbooks, it would grind to a halt because we would be spending most of our time cheating, trying to catch the cheaters, and punishing the caught. The world works as it does o...
History, practical experience, common sense and economic theory all agree: economic competition is probably one of the greatest ideas humans ever came up with. When people compete to achieve the same goal, great things seem to happen that otherwise w...
My policy on cake is pro having it and pro eating it.
The Pakistani government and its allies must overhaul their policies in Pakistan.
Nonviolence is a good policy when the conditions permit.
Policies are ephemeral; principles are eternal.
Honesty is the best insurance policy.
Germany stays and falls with the success of the policy of Hitler.
Neoclassical economics is precisely the theory one would expect a vastly complex system of international corporations, world markets, and interconnected currencies to create to sustain, justify, explain, and predict "itself." And classical economics,...
Mere inflation-that is, the mere issuance of more money, with the consequence of higher wages and prices-may look like the creation of more demand. But in terms of the actual production and exchange of real things it is not.
I wish politicians the world over would stop claiming credit for economic growth that happens despite them, not because of them. Grow up...
Capitalism , as Marx defined it, is a system in which productive wealth is privately owned. Communism (which Marx proposed as an alternative) is one in which productive wealth is owned by the community, or by the nation on behalf of the people.
The economics we need is of the "seminar room" variety, not the "rule-of-thumb" kind. It is an economics that recognizes its limitations and caveats and knows that the right message depends on the context. The fine print is what economists have to co...
