Will agriculture always remain a problem in GATT?

The Gatt , Agriculture , and the Developing Countries

Why Financial Markets Will Remain Marginally Inefficient

I summarize the recent work on market (in)efficiency, highlighting key elements why financial markets will never be made efficient. My approach is not by adding more empirical evidence, but giving plausible reasons as to where inefficiency arises and why it’s not rational to arbitrage it away.

Will the future GP remain a personal doctor?

During the past three decades, general practice has evolved into a form of primary health care that provides a wide range of reactive, anticipatory, and preventive services, and now also purchases secondary care. As a result, practices now have more staff and more complex patterns of organization. However, most patients prefer smaller practices and personal list systems. There is a danger that ...

Can the Small Dairy Farm Remain Competitive in U.S. Agriculture?

The cost of milk production by farm size was decomposed into frontier and efficiency components with a stochastic cost curve using data on 755 USA dairy farms from the year 2000. The estimated frontier function is much flatter than the composite cost curve, and although the frontier cost of production decreases with farm size, that cost reduction is not as pronounced as a cost curve that includ...

“ The Poor Will Always Be with You ”

(Matthew 26:11) Is poverty intractable? Have all advanced, industrial countries failed to reduce poverty? We can learn more about the presumed intractability of poverty by comparing advanced industrial countries to learn whether any of them have experienced recent, substantial declines in child poverty. This is just the tack taken by Wen-Hao Chen and Miles Corak in their analysis of changes in ...