This is a lovely little example of a standard economic model in action. Well, I think it's a lovely little example and as I'm the one doing the writing that's what we'll call it. Raghuram Rajan, the Governor of the Reserve Bank of India, was asked why dosa, a standard [...]
Comment on Rajan's Tawa Explanation Of Dosa Prices: Baumol's Cost Disease In Action
Tim Worstall, Contributor, Forbes
Sun, 02/14/2016 - 1:58am
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