Global Bureaucratic Incumbency
Of late, you cannot escape the amount of literature both in politics and economics that try to explain the woes in our global systems. This is hardly new, but you probably have never seen so many basic assumptions since 2008 being reexamined. Why is the greatest Quantitative Easing (QE) in history to the tune of USD$ 12.3 trillion...
SMRT should not take the easy way out by chopping low-ranking staff
Will Mr Nasrulhudin Najumudin (L) and Mr Muhammad Asyraf Ahmad Buhari (R) who perished in the SMRT train accident ever rest in peace in the sacking of two SMRT staff found guilty in the accident? Will their families ever being compensated at all after the tragic accident? The authorities should start to take action against the...
“The Market for Lemons” & ‘Foreign Degrees’
The Economist is running this week with ‘Six big economic ideas: a collection of briefs on the discipline’s (economics) seminal papers’. I will use some of these ideas to offer a different way to look at our current conundrums. George Akerlof, “The Market for Lemons”: Akerlof used the 2nd hand car market to illustrate...
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