My economic scale
Published 05/12/2012 | 05:00
• Long, long ago as a lad with high hopes I studied economics at university. Back then we had pro-cyclical and anti-cyclical economic policies, elastic and inelastic demand. We had things called 'Giffen Goods', which may or may not even have existed.
Later we got PPPs (Public Private Partnerships) – not many of them around now. We've had bull markets and bear markets.
Well, I'd like to update the world of economics by introducing the new pig and dog index.