June 13, 2018
Looking at the North Korean economy, economists have to become detectives because the government refuses to share basic statistics.
Looking at the North Korean economy, economists have to become detectives because the government refuses to share basic statistics.
Our everyday economics includes productivity, markets, prices, externalities, social norms, distribution, scarcity, environment, regulation, monetary union.
Focusing on production and distribution, economists look at the role of markets and of government when they try to determine what causes and ends famines.