tag:blogger.com,1999:blog-591784115642684094.post2613670206108739618..comments2018-07-24T14:04:47.029-07:00Comments on Ticonomics: ISI or Export-Led Growth?Alexhttp://www.blogger.com/profile/06599259856222635391noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-591784115642684094.post-33562371026925174772010-06-10T17:57:39.962-07:002010-06-10T17:57:39.962-07:00Helados all the way! Why dwell so much on histori...Helados all the way! Why dwell so much on historical trends and analitical calculations. Try to get your hands on Sra Varela's helado's de coco before they are sold out and you will know the answer to your question. Then, once you savor the flavor while enjoying the incredible company, ask yourself "Is Sra. Varela proud of herself, her family and content with her life?"Unknownhttps://www.blogger.com/profile/17590524634847420571noreply@blogger.comtag:blogger.com,1999:blog-591784115642684094.post-89727525312398921102010-06-01T07:28:59.237-07:002010-06-01T07:28:59.237-07:00Ojo, compañero! Nothing in economics is static. ...Ojo, compañero! Nothing in economics is static. We make things sit still so we can analyze them, but we are talking about human behavior, so everything is, in reality, in constant motion.<br /><br />So it is with comparative advantage: when community leadership presents a vision of the future that is challenging yet attainable, remarkable things happen. No community should ever content itself with producing whatever it produces, whether it's pineapples or computers. But neither should a community necessarily seek to produce what it wants to consume. <br /><br />Is your community capturing all the value-added from its pineapples that it can? Who slices and cans them? Who makes the cans? Who prints the labels? Who decides what the labels look like? Who owns the pineapple brand? Who controls the channel to the consumer?<br /><br />Having captured it all, where do the resulting profits go? Education, training, equipment upgrades, infrastructure improvements?<br /><br />The United States began as a farming colony and became a leading economic innovator without a nickel of foreign assistance (lots of foreign investment, however). Every country can do likewise.Anonymoushttps://www.blogger.com/profile/13851815031101570791noreply@blogger.comtag:blogger.com,1999:blog-591784115642684094.post-54607210752135450762010-05-31T11:32:19.090-07:002010-05-31T11:32:19.090-07:00Which is more profitable? That is what economists...Which is more profitable? That is what economists would say is most efficient. The idea is that export-orientation tends to be more profitable, especially if a product can compete despite transportation costs. After accounting for 1st moment profits, account for 2nd moment volatility, which obviously results from monoculture and increases economic and political risk. For example, families lose their farms, countries default on debt, and pillaging tyrants may seize control. Thus, for individual entrepreneurs (or countries), combine 1st and 2nd moments into risk-adjusted returns. <br /><br />Which is greater? Integral of Discounted Risk-Adjusted Returns (of Pineapples) dt vs. Integral of Discounted Risk-Adjusted Returns (of Ice-Cream) dt?Lewis Wilkinshttps://www.blogger.com/profile/11742621092253872302noreply@blogger.comtag:blogger.com,1999:blog-591784115642684094.post-52925119298041771622010-05-19T20:21:29.996-07:002010-05-19T20:21:29.996-07:00I ate sherbet out of a tiny pineapple today. It wa...I ate sherbet out of a tiny pineapple today. It was made in South Africa. Just sayin'.Rachelhttps://www.blogger.com/profile/11764652622711616233noreply@blogger.com