‘economics’ tags

Toyota hybrid electric car versus a regular petrol car; Is it worth buying?

Let’s take similar Toyota hybrid electric and petrol Toyota Yaris models for example, both 5 seats, around 10 sec to 100km/h performance. The Electric Prius C uses at least 3.9L per 100km. The Petrol Yaris Hatch uses around 5.7L per 100Km. The average drive away prices in Australia are $18.500AUD for the petrol car versus […]

The Reasons of the world financial crisis.

From Forbes ‘Twelve months ago Moscow overtook New York as the billionaire capital of the world, with 74 tycoons to New York’s 71. Today there are 27 in Moscow and 55 in New York. After slipping in recent years, the U.S. is regaining its dominance as a repository of wealth. Americans account for 44% of […]

Immortality of excess. Who pays the bill ?

…. While the financial fallout of the mortgage meltdown has been well documented, the moral dimensions have not been widely discussed, religion experts say. …. .. many homebuyers may have acted immorally by living beyond their means and that borrowers are required to try to make good on their debts….. ……   Lenders who preyed on […]

Dark art of econometrics

Ross Gittins …. the economics profession… with no disapprobation of dubious conduct is asking to have its reputation trashed. Economists give no thought to ethics or other social norms of behaviour because such matters find no place in their neoclassical model. To an economist it’s no insult to assume that businesses are motivated solely by […]