Even though India is a growing export economy, India is held back by the destructive government regulation that eliminated the rule of law. “China and India clearly stand out as the two largest middle-income countries of origin”. (WIPO, Cornell University, & INSEAD, 2014) Encouraging areas of opportunity associate around India’s growing middle class, promoting the … Continue reading Property Rights & Political Stability – India
This is an excerpt from my article on Macroeconomic Calculations. If you get confused as to where you draw the line for a price floor or ceiling and whether its binding or unbinding then here is a good way to remember them, refer to the picture below. For an unbinding price ceiling and floor, picture … Continue reading Price Floor or Ceiling, Binding Or Unbinding?
In this article we will be discussing economic calculations such as national income (C, I, G), production function (marginal product of labor, marginal product of capital K), nominal and real interest rates, inflation rates, and the unemployment rate covering job finding and separation. It is important to become aware of the different calculations in order … Continue reading Macroeconomic Calculations
Public outrage over trusted public figures exposed over the Panama Papers leaked data. “The result was the transfer of a staggering 2.6 terabytes of data from a Panamanian law firm, Mossack Fonseca, in 11.5 million documents, tracking billions of dollars over almost 40 years.” (Levy, 2016) Where citizens hard earned wages are taxed to fund government projects and pay of … Continue reading Panama Papers Leaked Data
The Broken Window Fallacy, by Frédéric Bastiat. Written in in his 1850 essay Ce qu’on voit et ce qu’on ne voit pas (That Which Is Seen and That Which Is Not Seen). The premise of the parable is that it aims to show the opportunity costs that are caused when the window is broken, and … Continue reading The Broken Window Fallacy – Frédéric Bastiat
Resources Dictionaries Pleco by Michael Love Hanping Chinese Dictionary by EmberMitre Ltd. Line Dict Nciku by Collins Tatoeba by Tatoeba project community Courses Basic Mandarin Chinese Course by edX Podcasts ChinesePod by Fiona Tian, Gwilym James & Constance Fang Melnyks Chinese by Serge Melnyk Apps Anki by Damien Elmes, here is the AnkiApp Memerise … Continue reading Mandarin Chinese Resources, Journals, & Trade Magazines
Resources Introductory Texts Differing World Views in Higher Education by Walter Block The Politically Incorrect Guide to Capitalism by Robert Murphy How Do We Know by Leonard Read Seeds of Progress by Leonard Read Who’s Listening by Leonard Read Elements of Libertarian Leadership by Leonard Read Students of Liberty by Leonard Read Books The … Continue reading Philosophy, Ethics, & Theology Resources, Journals, & Trade Magazines