Tuesday, August 17, 2010

Scarcity In Everything

Excess demand for bench space in Chinese parks has resulted in an innovate new way to allocate the scarce good.

Park officials in China have found a way to stop people from hogging their benches for too long - by fitting steel spikes on a coin-operated timer. If visitors at the Yantai Park in Shangdong province, eastern China, linger too long without feeding the meter, dozens of sharp spikes shoot through the seat. The spikes are too short to cause any serious harm - but long enough to prevent people from sitting on them comfortably.

Monday, August 2, 2010

Book Club Part 3

Looks like Keynes: The Return of the Master is it then.

We'll meet Thursday August 26th, read what you can. We'll probably meet at the coffee shop yet again but Camilla was (maybe?) considering a BBQ. I'll update if plans change.