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The Economics of the Balloon ChaseNow that the balloon chase is over (hopefully the kid will be safely found), I should point out that there's an economics lesson in this. The production function for any person or firm is: Q = a(K,L) Where: Q = output a = productivity K = capital L = labor In other words, some combination of... |
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The no control cafeIn Kashiwa, Japan, there was briefly an unusual cafe where you recieve whatever the person in front of you ordered...and you're ordering for the person behind you. The Ogori cafe was an unforgettable travel moment, and an idea that has stuck with me: It was a complete surprise in our day. It enc... |
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WiMAX Growth in India Is Fueled by Outdoor CPEs From ICOMM and BeceemFirst of Its Kind "WiMAX Outdoor CPE" Improves the Economics of Deploying WiMAX Networks in Urban and Rural Markets Across India ... |
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Jobs Report Sheds Ray of HopeThis is what I both love and hate about economics. Yesterday, business orders showed the economy was getting worse. Today, it looks like it is getting better. Why? ... ... |
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![Can the West Save Africa? (then/1938 v. now/2005) [The World's Fair]](http://statics.keegy.com//img/postsh/15/A6/th2-can-the-west-save-africa-then-1938-v-now-2005-the-world-s-fair.png)
Can the West Save Africa? (then/1938 v. now/2005) [The World's Fair]This chart about the lack of resolution to some basic problems in Africa -- between solutions proposed in 1938 to those from 2005 -- fascinates me not only for the info it presents but for the range of responses it has elicited. It is a chart from a working paper by William Easterly, a professor... |
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The PriesthoodKahneman, who has described economics as a strict priesthood, says, "Yes, I have spoken of a church, but it is not a church where you get burned at the stake for being a heretic, because otherwise a lot of people wouldn't be around!" ... |
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