Archive for February 11th, 2015

Why did Britain join the EU? A new insight from economic (and political) history

February 11, 2015

Nice article by Nauro F. Campos and Fabrizio Coricelli on UK-EU history.

It tracks the history behind the two regions and why UK eventually joined EU in 1973:

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Unintended consequences of malaria bed nets — used as fishing nets

February 11, 2015

Gulzar points to this interesting article on unintended consequences, something which econs love to ignore.

So what is the story here?

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How experts are citing those factors for AAP’s success which they cited for AAP’s earlier failure..

February 11, 2015

As they say in Hindi “chadte suraj ko sab salaam karte hain” (all salute the rising sun) and then look for reasons for the success. Similar idea applies to the declining star.

Who better to know this then Arvind Kejriwal who rose very quickly to decline at the same pace as well. And now he is back with even a stronger force.What a sweep of the broom.

Even more interesting is experts citing the same factors for his recent success which they said led to his failure in 2014:

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How broom prices rose in Del after AAP win..

February 11, 2015

Interesting to see economics working. Following amazing victory of AAP (Aam Aadmi Party) in Delhi, demand for the party symbol broom zoomed. This led to broom prices  rising sharply:

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