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Hi. I'd just like to add three things about public goods and externalities. 1) It may be helpful to think of externalities in terms of COSTS, as by definition an externality is a cost not accounted for by the market. (Which is why public goods is a…
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Blog Posts

Muhammad Akram

Pakistan Rural Economy

Pakistan is a developing country with 166 Million populations. Ranking 6th as most populous country in the world, Pakistan’s Two Third of the population lives in rural areas depending on agriculture for their living and employment. Pakistan's 40 million people, which constitute 35 percent of the population, live below the absolute poverty line and earn less than dollar day. Mainly these people live in rural areas and bogged down in to the quagmire of poverty.

Agriculture forms major component o… Continue

Posted by Muhammad Akram on January 25, 2010 at 7:59am

Bhasker Siddharth

India: Tackling recent surge in inflation

We are witnessing a surge in inflation (in India) and this time the soaring numbers are reflecting the CPI. It would be interesting to see how the government tackles the situation.
The inflation figures are soaring due to rise in prices of food items, primarily potato (136%), pulses (40%), onion (15.4%) and wheat (14%). Supply side constraint has been sighted as the primary reason behind this recent surge. It’s true keeping in mind the draughts and floods that we have faced this year. To add to… Continue

Posted by Bhasker Siddharth on December 20, 2009 at 1:55am — 2 Comments

Michael Zibulevsky

How to prevent economic crisis in time of external shock

In time of a crisis consumers tend to spend less money on leisure, luxury and durable goods, which often leads to further market deterioration. In order to treat this problem, we propose a new insurance system, which provides support of industries in crisis by their customers. It creates a possibility of moving money fast from areas of excess to areas of shortage, blocking the crisis in early stage, before the waves of instability spread over the entire economy. This instrument can greatly stContinue

Posted by Michael Zibulevsky on November 29, 2009 at 9:30pm

Bhasker Siddharth

Challenges in front of Infrastructure Projects in India

India infrastructure: big ambitions, big potential, big money, little happening. This is what I feel, sums up, what's happening in the Indian infrastructure sector. Government's extended enthusiasm about the sector hasn't been able to get the big infrastructure projects moving. There are lot of PPP projects coming up but what's going wrong? Many Infrastructure and Power shares are seeing constant ups and downs in the market. What is keeping the big money away? Surely the private investor is upbe… Continue

Posted by Bhasker Siddharth on November 16, 2009 at 2:00pm

Haly Laasme

“Price-Matching” – Are You a Free Spy for the Competitors?

As the Christmas Holidays are approaching, the competition for customers is becoming more intense and prevalent - if nothing else would persuade people to shop until they drop then at least the “price-matching” clause should prevail against the competitors. Thus, buyer, be aware of unpaid labor you are providing to corporations on this tough labor market. The ecstatic consumers will be actively haggling with Customer Service without realizing how they are actually working as free market-spies fo… Continue

Posted by Haly Laasme on October 27, 2009 at 4:41pm

 
 

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