Decision Making: Accounting Costs vs. Economic Costs

There ain't no such thing as a free lunch. Every economist will tell you this. Why? Opportunity costs!

Some quick thoughts on China and Sino-US relations

This articles discusses future China outlooks and current Sino-US affairs.

Frictionless Economies Part 2

"A frictionless market is a theoretical trading environment where all costs and restraints associated with transactions are non-existent."