TR EMERITUS

"For the past couple of weeks, I have been teaching my annual course in microeconomics in Singapore, a country whose remarkable growth owes a lot to the theory of incentives embedded in my course. An independent country only since 1965, Singapore is now one of the wealthiest countries in the world in terms of per capita income.... 

If we read more into this little statement “they are comparing apples with lemons”, it sounds like a Freudian slip by National Development Minister Khaw Boon Wan. He was fending off queries in Parliament on why studio flats are more expensive than 2-room flats of the same size, despite the much shorter lease of 30 years. Why... 

Minimum-wages is a “zero-sum game” and “an easy solution”.  At least that’s what Minister in the Prime Minister Office and NTUC Union Chief Lim Swee Say says. While more than 90% of countries, ranging from developed nations such as America to neighboring countries like Malaysia, have seen merits in implementing minimum-wages,...