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To draw an analogy: a man’s suffering is similar to the behavior of gas. If a certain quantity of gas is pumped into an empty chamber, it will fill the chamber completely and evenly, no matter how big the chamber. Thus suffering completely
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“The inability to protect and promote their infant industries, whether due to direct colonial rule or to unequal treaties, was a huge contributing factor to the economic retrogression in Asia and Latin America during this period, when they saw negative per capita income growths (at the rates of -0.1 and -0.04 per cent per year, respectively).”
― Economics: The User's Guide: A Pelican Introduction
― Economics: The User's Guide: A Pelican Introduction
“government of an economically backward nation, such as the US, needs to protect and nurture ‘industries in their infancy’ against superior foreign competitors until they grow up; this is known as the infant industry argument.”
― Economics: The User's Guide: A Pelican Introduction
― Economics: The User's Guide: A Pelican Introduction
Kartik’s 2024 Year in Books
Take a look at Kartik’s Year in Books, including some fun facts about their reading.
47 books
|
50 friends
6 books
|
3 friends
2 books
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53 friends
1 book
|
6 friends
97 books
|
164 friends
1 book
|
12 friends
4 books
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70 friends
1 book
|
2 friends
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