ultranomics

Frugalista, Obamanomics? These are two funky new terms that we have come across this week whilst surfing the web for economics news. We discuss here something called ‘The Paradox of Thrift’ - a term coined by the economist John Maynard Keynes who stated that although being frugal and thrifty seems to be the best policy for individuals, as far as the overall economy goes it can be damaging.

This article discusses the Mumbai terror attacks, The Art of War, Free market capitalism, UK housing, jobs and companies. It also touches on something economists call “The Broken Window Fallacy”.

9th November 2008
Welcome dearest readers to Ultranomics
This will be the first edition - hopefully the first of many - of your newest and shrewdest viewsletter covering the economic situation both here in the U.K. as well as back in the Homeland of Pakistan.
Why Pakistan of all the places in the world and what the heck [...]