EclectEcon

Economics and the mid-life crisis have much in common: Both dwell on foregone opportunities

C'est la vie; c'est la guerre; c'est la pomme de terre . . . . . . . . . . . . . email: jpalmer at uwo dot ca


. . . . . . . . . . .Richard Posner should be awarded the next Nobel Prize in Economics . . . . . . . . . . . .

Saturday, January 15, 2005

People Respond to Incentives...
So what else is new?

From the Khaleej Times Online [Thanks to JC for the pointer]:
BANGALORE — Beggars from the south Indian technology capital Bangalore have shifted operations to the tsunami-hit coastline where aid cash and supplies are overflowing, a newspaper reported on Wednesday.

The traditional haunts of Bangalore’s beggars – temples, mosques and churches as well as train and bus stations – are virtually deserted, The Times of India said.

So even poor labourers become mobile in response to changing opportunities. Do you think there might be some policy relevance for Canada's Maritimes?
 
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