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May 15, 2008
Foreign policy is down
Trying to access Return of the idiot, this is what I got.
So the idiot has returned and brought it down?
software piracy
from the economist article, Software piracy is prevalent in Armenia, Azerbaijan, Bangladesh, Moldova, Zimbabwe (above 90% pirated software of total). BRIC countries are also not very far - With China over 80%, Russia and India about 70% and Brazil about 60%. Suddenly, bric sounds like crib. Hehe.
The title of the article is what makes me blog it - "A Free Ride". In IIMB lingo, a free-rider is a dreaded person who enjoys peaceful life at the expense of others in his/her group.
The title of the article is what makes me blog it - "A Free Ride". In IIMB lingo, a free-rider is a dreaded person who enjoys peaceful life at the expense of others in his/her group.
Welfare Economics
A friend said about my posts (1, 2, 3) on my personal blog that I have started writing on Welfare Economics, it seems!
Indeed, I am interested in social welfare, and I believe that we can do that best by responding to people's economic incentives. Though you can start trumpeting about free markets, I am fairly skeptic about self-regulation by the industry (mostly because of sub-prime crisis).
You may term this as a populist view, it possibly IS so, because social welfare (my initial interest) itself in a way is populist.
That's why I liked the term - Welfare Economics.
Update
Capitalism (or the term I used - free market) does not mean government's favouritism towards business - from the Zaxlebax problem. But I may sound cynical in saying that the current shade of capitalism as we call, has been corrupted by politicians, without the end in near sight.
Indeed, I am interested in social welfare, and I believe that we can do that best by responding to people's economic incentives. Though you can start trumpeting about free markets, I am fairly skeptic about self-regulation by the industry (mostly because of sub-prime crisis).
You may term this as a populist view, it possibly IS so, because social welfare (my initial interest) itself in a way is populist.
That's why I liked the term - Welfare Economics.
Update
Capitalism (or the term I used - free market) does not mean government's favouritism towards business - from the Zaxlebax problem. But I may sound cynical in saying that the current shade of capitalism as we call, has been corrupted by politicians, without the end in near sight.
The name
Game theory, tragedy of commons, and recently the book "Games Indians Play" are fascinating. The common thread is hence the name of this blog.
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