Professor Mark J. Perry's Blog for Economics and Finance
Posted 9:44 AM Post Link
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In Thailand, pushcart vendors of all sorts are common, as well people opening up the front of their houses to become retail markets. Imagine the lower costs structure if such practices were common in h USA also.
Would someone check with Walt and see if this is a safety violation?
Quote from cluemeister: "Would someone check with Walt and see if this is a safety violation?"Safety is just a level of acceptable risk. It's a value judgment and subjective. Obviously all those people in Thailand have made their own judgments that what they are doing is an acceptable risk. Here in the US we are apparenly incapable of making our own judgments without the approval of our state overlords.I'd still like to know which was there first: the market or the train.
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Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan.
Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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