Category Archives: economics thinking

Reading Banker to the Poor by Dr. Yunus

Field work’s been delayed for a day, so I spent my much-needed rest day reading: Banker to the Poor by Muhammad Yunus. I remember clearly one specific sentence from Dr. Yunus’ talk at UBC when I was in undergrad. “We took everything from a conventional bank and turned it all upside down.” This book detailed his start with Grameen Bank and future hopes for a world full of social-consciousness-driven entreprises. Despite all the criticism that has been leveled at the […]

Education as investment?

Education as investment. Why do companies not invest more in making education systems work? One of the most common complaints I hear from employers/supervisors/managers where I’ve lived in Uganda and Tanzania is that there aren’t enough competent staff. There aren’t enough people with the basic computer skills, language skills, team work, coordination, and time management skills. Sometimes I hear complaints about a lack of work ethic also, although I tend to think that this is due to a lack of […]

Taxing garbage

What would happen if we put a really high tax on garbage. Not recyclables, not reusables, not composted organics, but garbage that is burnt or taken to landfills. “Waste.” If we had a significantly high enough tax on garbage produced, then there is a very big incentive to 1) produce things that can be reconfigured into a resource input at the end of its life cycle, and 2) figure out ways to make sure current garbage is reused. Add on […]

Don’t tell me it’s culture

I’m really wary about using culture to explain social phenomena. It’s not because I don’t believe there are social norms, or trends, or identities. There are. They exist, and have huge influences on how individuals and collectives act. But it’s because “culture” has a much more permanent connotation than the other terms I’ve listed. Norms change every few decades. Trends every few years. Even identities are starting to be recognized as being fluid. Culture, though? Always, unchanging, eternal fall back for an explanation […]

High wages and efficiency

I was talking to my roommate about how expensive it is to do things here if we used Canadian wages. For example, at the office we need to take letters of invitation to the offices we work with personally because there are no cheap courier services or a culture of using email for communication. For a formal meeting where I have to deliver letters to 4 or 5 offices, it would take me almost a whole day of work. That, […]

My stomach is making strange noises….so I decided to stay in tonight. Plus I woke up at 5 am this morning, unable to fall back asleep… I was just re-reading an essay… Elie Wiesel made a similar point to the Global Forum in Moscow last winter when he said that the designers and perpetrators of the Holocaust were the heirs of Kant and Goethe. In most respects the Germans were the best educated people on Earth, but their education did […]

student directed seminar weekly reflections: week 1

Our economic models (or any kind of models for that matter) are based on the perceptions of the world, therefore they can never be complete. The models also have to change with time and conditions, or else they become a generalization because of blind belief, not true evidence/data input. The problem comes when proponents of a certain model (whether Keynes or free market) take those models made for a specific instance to be an economic “law” (where in the world […]

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