By Christopher Buckley
A rare wide-ranging choice of essays with “distinctive wordplay and quirky opinions…Christopher Buckley is nice corporation no matter if you’re trying to find quickly pages and a grin, or are looking to linger” (The ny occasions publication Review).
Christopher Buckley, like his marvelous quantity yet sufficient approximately You, includes multitudes. Tackling topics starting from “How to coach Your Four-Year-Old to Ski” to “A brief historical past of the trojan horse Zapper,” and “The artwork of Sacking” to literary friendships with Joseph Heller and Christopher Hitchens, he's straight away a funny storyteller, astute cultural critic, adventurous tourist, and irreverent historian.
Reading those essays is the an identical of being within the corporation of a enormously witty and enlightening spouse. Praised as “both deeply trained and deeply funny” by means of The Wall highway magazine, Buckley may have you guffawing and reflecting in equivalent degree. this can be a infrequent blend of huge rules and actually enjoyable writing.
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Extra resources for But Enough About You: Essays
The reason is of course economic: it is costly to introduce a new technique, and therefore there must be some incentives to do so. In general, new techniques are, and expected to be, more capital-intensive than the existing ones and if capital is scarce, its availability will restrict the pace at which such new techniques can be implemented. 2 THE GREEN REVOLUTION AS AN EXAMPLE To motivate the discussion, it is useful to bring an illustration from the Green Revolution, a term used to describe the impact of the introduction of high-yielding varieties of cereals which had a dramatic effect on the production of wheat and rice, as well as other crops.
There is no point in discussing the same issue for the closed economy: the main consideration here should be to open it up. But if we think about the world as a whole, the rate of return will affect the total quantity of resources available for investment. The opening-up of many economies, as we now observe, should have a positive effect on the supply of capital goods and bring a change in the global distribution of capital as well. This, in turn, is expected to have an important effect on growth through the introduction of techniques which are both capital-intensive and productive.
I mentioned earlier that Nehru and the followers of the dependency school viewed imports and foreign capital as infringing on a nation's sovereignty. Analysts of this school naturally worked with models of a closed economy. In the Indian case, analytical underpinning for the emphasis on heavy industry that Nehru placed was provided by the Two-Sector Model of Mahalanobis (1953). This model, while independently formulated by him, had in fact been articulated earlier by the Soviet economist Feldman.