Here is a post from another list asking an economist about some rather
interesting developments in Iraq..
Cheers, Ken Hanly
One more question: As an economist, what do you envision would be possible
consequences of both: (1) the newly-created Trade Bank of Iraq (Order 20)
and its control by a US
* Posted on Sun, Jan. 04, 2004
Insurgency going strong after capture of Saddam
By Tom Lasseter
Knight Ridder
BAGHDAD, Iraq - Saddam Hussein's capture three weeks ago has not
slowed the anti-American insurgency in Iraq, which now seems more
entrenched than ever, according to a review of recent
Ken,
That is correct for Pareto efficiency but it must be pointed out that there
is a different (infinite set) of Pareto efficient points corresponding to
each and every (infinite set) of income/wealth distributions. That is, income/wealth
distribution is a given and is 'outside the realm of
USAID Awards Bechtel Iraq Contract Worth $1.8B
By Sue Pleming
Reuters
Tuesday, January 6, 2004; 5:11 PM
The U.S. Agency for International Development on Tuesday announced it had
awarded a second lucrative contract to rebuild Iraq's infrastructure to
engineering company Bechtel, this one worth $
How does this concept of efficiency relate to pareto efficiency that is the
view that
a situation is efficient when no one can be made better off without someone
else being made worse off, at least something like that! In terms of Pareto
efficiency certainly if the poor could not pay for medicine o
Ken,
The neoclassical concept of efficiency is defined as "the relationship
between scarce Factor inputs and outputs of goods and services" Economic
efficiency is defined in cost terms. i.e. the lowest cost for producing
the level of output that is demanded at that cost.. (See for instance
the Harp
http://www.economist.com/
Ditching the peace
Jan 1st 2004
>From The Economist Global Agenda
Nine years ago, members of the World Trade Organisation agreed not to take
each other to court over farm subsidies. But the "peace clause", as this
agreement is known, expired on December 31st. Will its en
Below is a paragraph from an economists post to another list concerning the
introduction of various user charges in Iraq including for presecriptions as
well as use of emergency services.
>From an efficiency point of view, pay per service is felt to be superior to
payment through, say, income taxe
President Bush, after a major fundraiser in Baltimore on December 5,
made a stop at a nearby Home Depot to talk about the economy. But the
site confused some people, so much so that the Baltimore Sun ran an
article entitled "A Presidential Mystery," which concluded that
"nobody seems to know why" h
http://www.federalreserve.gov/pubs/ifdp/2003/782/ifdp782.pdf
The Effect of Exchange Rate Fluctuations on Multinationals' Returns
Jane Ihrig; David Prior
2003-782 (October 2003)
Abstract: This paper examines if the type of exchange rate used or size
of the movement in the exchange rate matters i
Ranchers struggle to hang on
Mad cow is the latest threat to area cattle families battling to maintain
their land and their livelihood.
By Mary Lynne Vellinga -- Bee Staff Writer
Published 2:15 a.m. PST Monday, January 5, 2004
Herb Garms was raised in the cattle ranching business and married into
a
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