Everyday Economics - Tyler Cowen On...

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  1. Buying locally video portrays a "zero sum game"?

    In this "Buy Locally" video, you make it sound as if it is a zero sum game (buy local or buy abroad). I realize that the local proprietors are buying their goods from non-local sources. I imagine "buy locally" means something like that if you have 2 identical products, one is online and is cheaper and the other is local but more expensive, is the added cost for the same product worth paying, to support local business owners/ workers?
    Not necessarily the stopping of buying anything but local goods and cutting off the outside world.

    Given this scenario, is it…

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    • race and economics: the rise and fall of Malaysia

      Malaysia's growth and social engineering has been steady. It turned itself into a industrialized and service economy from a poor commodity exporter. To a large extent, social equity was preserved through social engineering through Tabung Haji, Felda and Affirmatory action policies. However, racial politics was both a boon and a bane. One stable government with reasonable governance proved to be good for the Malaysian economy over 40 years. however the PM who put Malaysia on the map also destroyed the country's system of check and balances in the political system. it destroyed the independence of the judiciary , the professionalism…

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      • With China's worsening economy & the Central Govt's probability of bailing out local Govt economies, what happens with U.S. Borrowing?

        If China is our largest Creditor and we continue to borrow from them for our economy, since we seem to also be out of control with our budgets and spending; what will happen if they say no or just cannot lend us any $$$ any further?
        Phil
        Turn Key Real Estate
        (516) 647-4289
        Phil@TurnKeyRealEstate.Com

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          • How do we incentivize people to vote?

            How do we give people the incentive to vote?

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            • The Green Revolution industrialized/commoditized food. Are calls to rectify some effects likely to be long-term, widespread?

              Chipotle, Panera, Wholefoods. Fed up, Supersize Me, Forks over Knives. Fat, Sugar, Salt by Michael Moss. Widespread obesity and smaller discussions of allergies, asthma, and ADHD. These can be seen as signs of an emergent view of food relative to the dominant view which is happy to fill a grocery cart with cheap and tasty foods. What would tell us this is not a wealthy person's subculture but rather the early signs of a broader call to restore the food supply?

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                • yoga foreign

                  https://www.kartohome.com/astrology/foreign-settlement-yoga-in-kundli
                  yoga foreign services for, yoga foreign online solutions for, yoga foreign astrology solutions for , etc.

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                            • Decision-making guide

                              Can you please create a simple system or algorithm that strings together Fermi estimates, Bayes Theorem, Expected Utility and Opportunity Cost as a general decision-making guide? Thanks.

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                                  • Chinese expenditure on inflated raw material and labour cost..

                                    Very informative video on the issue of rise and fall of Chinese economy... would you be able to address the issue of Chinese rapid infrastructure Build with high cost of raw materials and labour. Most of the mature economies build over a long period of time therefore they were able to build at sometimes at lower cost than what the Chinese did.

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                                    • Does taxes add up in GDP?

                                      What if we buy an item without paying taxes, ie illegaly. Is that added to the GDP?

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                                      • Until when will the gap between rich and poor get bigger?

                                        The rich always take more of the cake

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                                        Everyday Economics - Tyler Cowen On...

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