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IB Economics Regent's Bangkok
Development Economics
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Paul Krugman: Austerity Is Not the Answer

Paul Krugman: Austerity Is Not the Answer | IB Economics Regent's Bangkok | Scoop.it
The New York Times columnist explains why cutting government spending won't fix the economy.
Blair Lockhart's insight:

Chalk another one up to Keynes

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The misery of the majority | Bangkok Post: opinion

The misery of the majority | Bangkok Post: opinion | IB Economics Regent's Bangkok | Scoop.it
We have been hearing a lot of complaints about the 300-baht minimum wage from business operators. What about listening to our maids, food vendors, taxi drivers, and people who are not on company payrolls for a change?
Blair Lockhart's insight:

"The informal sector contributes 46% of gross domestic product, yet they have to put up with long work hours, low and irregular pay, work hazards, and no welfare and labour protection, including no minimum wage,"

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Moral hazard and crony capitalism

Moral hazard and crony capitalism | IB Economics Regent's Bangkok | Scoop.it
Moral hazard and crony capitalism | Adam Smith Institute http://t.co/snj9srOS via @asi
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Blair Lockhart's comment, January 29, 2013 6:53 PM
For Year 12; The government creating market failure?
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Heads of three strategic Africa institutions meet to discuss continent's development

Heads of three strategic Africa institutions meet to discuss continent's development | IB Economics Regent's Bangkok | Scoop.it
Heads of three strategic Africa institutions meet to discuss continent's development http://t.co/9EDeAFi6
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Canned air for sale in China, as blanket of smog returns

Canned air for sale in China, as blanket of smog returns | IB Economics Regent's Bangkok | Scoop.it
Entrepreneur Chen Guangbiao sells canned air to make a point about toll on environment.
Blair Lockhart's insight:

What do you think is the cost of the negative externality?

 

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One in five Thai kids face obesity because of poor eating habits | Bangkok Post: news

One in five Thai kids face obesity because of poor eating habits | Bangkok Post: news | IB Economics Regent's Bangkok | Scoop.it
About one in five Thai preschoolers and one in 10 children of school age may suffer from obesity by 2015 because they are not getting proper nutrition, deputy director-general of the Department of Health Theerapol Topanthanont said on Monday.
Blair Lockhart's insight:

Don't eat McDonald's!!!

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Economics and the maximization of profit (and lies). - Dan Ariely

Economics and the maximization of profit (and lies). - Dan Ariely | IB Economics Regent's Bangkok | Scoop.it
When a friend sent me this paper the other day, I admit that I took a long hard look at myself and my economist friends. According to this study, economists, it seems, are worse than most when it comes to truth telling.
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GDP not a measure of success, says Economics Nobel winner - Times of India

GDP not a measure of success, says Economics Nobel winner - Times of India | IB Economics Regent's Bangkok | Scoop.it
GDP not a measure of success, says Economics Nobel winner
Times of India
PATNA: Nobel laureate Joseph E Stiglitz said GDP is not a good measure of success. "GDP doesn't take into account sustainability, distribution or well-being.
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Blair Lockhart's comment, January 29, 2013 6:50 PM
Stiglitz making good sense as usual