Jeff Bezo’s announcement that Amazon would need a second head quarter after Seattle and that it would go through a scrutiny to decide the best location has created quite a competition among city mayors to pitch their case in favor;
A house-maker can make an e-procurement decision to his own satisfaction, if the rules in his mind are clear what he is maximizing or minimizing; when a house maker clicks on the platform, he is one and only decision maker.
Raghuram’s Dosa Economics was succinct and simple, inflation kills the principal amount as real interest rates fall with inflation, while all attention is diverted to the return in nominal terms when the interest rates rise with inflation; that is how
Somewhere else this has a beginning or just a hint of start Like a boisterous nod The lid is about to open to the possibilities of life, a leaf waving in the wind or just a small sip of an
The best way to catch the rabbit is not to chase it; demonstrate enough love for it so that it will lead into you. The economy is sometimes like a rabbit, if you want to chase it with a laundry
Sometimes you feel as if you are on a precipice, the task uphill overwhelms you while downhill is not underwhelming either. But there is a certain degree of equipoise, when you are standing on a strong footing but moving nowhere.
Every action has its equal and opposite reaction, but that is as far as Physics goes; in Economics every action has many intended and unintended consequences. It is so because multiple agents respond in many different ways and the original
Richard Thaler takes the Behavioral Economics traditions to the next level, he is the rightful successor to Tversky and Kahneman and with this year’s Nobel, Economics takes a deeper look at Behavior and all the associated traits. Thaler helped the
If you are stranded in a traffic jam due to some constraint as simple as a lane closure, creating an incentive for a by-pass lane could do immense benefit to the easing of traffic snarls. This example could be extended
This is above From where you steer And the horizon looks pale Inside or outside Time is like a small gasp, timeless In an exchange, passes The bow is pitching The sun is on the port When invisible