“Ha!” exclaimed my nephew, Paul, during our weekly visit to the swimming pool. “I read in the newspaper that the Dutch economy grew by 3.4% in the last quarter.” I replied: “Quite spectacular, isn’t it, in particular because economists like Robert Gordon recently predicted that developed countries could at best achieve a long-run growth rate
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There’s a good chance that you don’t know who I am, and that probably makes perfect sense; after all, I haven’t been hanging around at the faculty all that much in the past few years. Instead, my life has been dominated by a disorder that’s more tiresome than you can begin to understand. This is
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My nephew, Paul, works for a sandwich shop chain. Recently, he was promoted to the chain’s management team. Paul and I celebrated his promotion over a couple of beers. While chatting about the chain’s business model, Paul asked: “Any idea how to optimally set the price of a sandwich?” An Economics 101 question, so it
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India has the highest number of domesticated bovine animals, approximately 294 million, making it the largest country in this regard. The husbandry of bovine animals has been the topic of multiple studies, many of which focus on the economic aspects of it. In a landmark study conducted in 1971, Alan Heston showed that there were
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