Sunday, March 04, 2007

Contemplation on English Food, lol

Avi: Yes, London. You know: fish, chips, cup 'o tea, bad food, worse weather, Mary fucking Poppins... LONDON! [Snatch]

the history of English food suggests that even on so basic a matter as eating, a free-market economy can get trapped for an extended period in a bad equilibrium in which good things are not demanded because they have never been supplied, and are not supplied because not enough people demand them

An another outstanding analysis by our beloved Paul Krugman :) (little bit outdated, though) -Supply, Demand, and English Food