Blog Posts on economic cartoon
Percent:
What is PPP? by FOO Law and Economics on Oct 12, 2010It’s not purchasing power parity, a theory used to explain exchange rates. But PPP was once called the BOT scheme. So says the Philippine News Agency: MANILA, Sept. 13 (PNA) — President Benigno Aquino III has issued an executive order...
That uncertain double dip by FOO Law and Economics on Oct 10, 2010Economists don’t really know what will happen next. How do I know? Because Frank and Ernest said so. And from the cartoon (left part), it seems that when economists think, they tank. (We should be thankful!) But of course it is quite poss...
Where does the US dollar go? by FOO Law and Economics on Nov 16, 2009Frank and Ernest know. Posted in exchange rate, monetary policy Tagged: economic cartoon, US dollar...
Violating Say’s Law by FOO Law and Economics on Sep 8, 2009Here’s a Keynesian cartoon from Bob Thaves: Questions for Econ 101 students (Econ 11 at Silliman): (1) If supply always exceeds demand, and assuming the usual upward-sloping supply curve and downward-sloping demand curve, wouldn’t the eq...
The economics of (dog) riches – and how to explain poverty in a poor country by FOO Law and Economics on Sep 6, 2009A dog can be rich through plain luck. This raises very uncomfortable questions: Can we say the same about the poor? That they are poor because of bad luck? I often think that Bob Thaves is a better economist than many who claim to be one. But...
The Trapo’s comic-curse: relief from F and E (man, life is short) by FOO Law and Economics on Aug 15, 2009This cartoon serves as a reminder to those who write autobiographical “coffee table” books that the readership out there is perhaps more discerning than authors’ self-delusion. Environmentalists should protest that such books are t...
Lighten up, it’s not the end of the world by FOO Law and Economics on Jul 21, 2009Many are now worrying about the cost of the Smartmatic-TIM contract. Here’s some relief, from F and E.
Are economists believable? by FOO Law and Economics on Jul 11, 2009Here’s a cartoon by Darrin Bell and Theron Heir.
Frank and Ernest on Econ 101 – a welcome note to Econ 11 students by FOO Law and Economics on Jun 15, 2009It doesn’t pay to take our economics too seriously! Even if economics is serious business.. To the newbies at Econ 11 at Silliman University, welcome to this great but “strange” worldly philosophy started long ago by a peripatetic...
Hitler and congestion pricing (of toll roads) – Singapore style by FOO Law and Economics on Jun 10, 2009I remain a believer in the use of tolls to solve a road congestion problem. This is better by far than “engineering” solutions like yellow bus lanes that are not observed. And certainly, in the Philippines we cannot afford to spend to...
