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FOREIGN AID: Gifts, loans, technical assistance, and other assorted transfers from one country to another that are intended to improve conditions in the receiving nation. The U. S. has been a major player in this foreign aid game throughout much of the twentieth century. However, most of the more developed countries of the world give aid to the lesser developed ones.

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BROWN PRAGMATOX
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Today, you are likely to spend a great deal of time browsing through a long list of dot com websites seeking to buy either a case of blank recordable DVDs or a pair of red goulashes with shiny buckles. Be on the lookout for mail order catalogs with hidden messages.
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Ragnar Frisch and Jan Tinbergen were the 1st Nobel Prize winners in Economics in 1969.
"A winner is someone who recognizes his God-given talents, works his tail off to develop them into skills, and uses those skills to accomplish his goals. "

-- Larry Bird, basketball player

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Marginal Propensity to Consume
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