Archive for April 2nd, 2012

Teaching Purchasing Power Parity using students..

April 2, 2012

A superb illustration from Nick Rowe on PPP.

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The changing marriage market in East Asia..

April 2, 2012

A fascinating paper by Daiji Kawaguchi (Hitotsubashi University) and Soohyung Lee (University of Maryland) (HT: Al Roth Blog). It is always exciting to read papers which give an economic perspective to basic human activities like marriage (thanks to Gary Becker).

It seems there is an increase in foreign brides in countries like Korea and Japan. These brides are usually coming from countries like Vietnam and Philippines.

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Karl Marx at 193..

April 2, 2012

A superb essay on the topic by John Lanchester, a British journalist. You just wish that you got to read such essays in graduation before going to the math and jumbo-mumbo of  Marxian economics. With such clear write-ups in English, following math etc would have been far easier.

Marx was born in 1818 and would be moving onto 193 years in May. Lancester reflects on Marx’s ideology and says which of his thoughts stood true and which fell flat .He quotes from Marx’s  The Communist Manifesto and says:

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