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econscholar_uon

@EconscholarU

Not- for- profit, non- partisan community of students ensuring the practice of economics and public policy. Magnum Scholaris Oeconomica.

Gandhi Wing, UoN Katılım Aralık 2018
49 Takip Edilen371 Takipçiler
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Economics Students Association of Kenya
Economics Students Association of Kenya@kesa_kenya·
𝗧𝗵𝗲 𝗞𝗘𝗦𝗔 𝟰𝘁𝗵 𝗡𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰𝘀 𝗦𝘂𝗺𝗺𝗶𝘁 We have concluded our #4thNES after days of thoughtful exchange, difficult questions, new perspectives, and a shared reflection on the direction of our economy. @kesa_kenya @spencermuhonja
Economics Students Association of Kenya tweet mediaEconomics Students Association of Kenya tweet mediaEconomics Students Association of Kenya tweet mediaEconomics Students Association of Kenya tweet media
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Moses Muchiri Mwangi
Moses Muchiri Mwangi@MosesMuchiri_M·
A small government is necessary if people are to prosper. With private outputs being the main source of government sustenance, it is optimal to leave most of it in their hands, which translates to savings, investments and consumption. Smith had this to say on the subject:
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Moses Muchiri Mwangi
Moses Muchiri Mwangi@MosesMuchiri_M·
Smith reminds us that debt, private or public, must respect the rule of return. With the Kenyan leadership and populace thirsting for #infrastructure, which mostly ends up being #whiteelephants reminds us, pay day comes. Fiscal and investment prudence must be considered!
Moses Muchiri Mwangi@MosesMuchiri_M

#Adam Smith on prudent borrowing and why borrowing should be based on returns to avoid a debt trap. Feel free to catch up with the @IEAKenya series on the Wealth of Nations. Watch here: youtu.be/ywYrk6vPLuA?si…

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Moses Muchiri Mwangi
Moses Muchiri Mwangi@MosesMuchiri_M·
𝐌𝐨𝐧𝐞𝐲 𝐜𝐚𝐧𝐧𝐨𝐭 𝐛𝐞 𝐞𝐪𝐮𝐚𝐭𝐞𝐝 𝐰𝐢𝐭𝐡 𝐰𝐞𝐚𝐥𝐭𝐡; 𝐢𝐭 𝐢𝐬 𝐣𝐮𝐬𝐭 𝐚 𝐰𝐡𝐞𝐞𝐥! Often, society confuses its wealth with money. Adam Smith, 250 years ago, wrote on the relations of money and the general stock of society (GDP). #AdamSmithSeries @IEAKenya
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Moses Muchiri Mwangi
Moses Muchiri Mwangi@MosesMuchiri_M·
Individual pursuit of their interests creates businesses, employment, and investments across sectors. This, propelled by the exchange of goods and services, is among the leading causes of public happiness, a driver of growth and prosperity. Freedom to do so makes society better.
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Moses Muchiri Mwangi
Moses Muchiri Mwangi@MosesMuchiri_M·
We are facing multiple wars in Europe (Russia-Ukraine), the Gulf region (US/Israel-Iran, and Iran-its neighbours), and coups & totalitarian regimes across Africa. Smith notes that war is a setback to the progress of nations, especially small-open and commerce-dependent nations.
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Moses Muchiri Mwangi
Moses Muchiri Mwangi@MosesMuchiri_M·
Smith was keen to note that profit incentivises investment. Kenya has an interventionist government, lawfully and unlawfully, and thus ends up messing with the incentives system in favour of some people . That limits investment. (Low growth and unemployment) Time for a rethink
Moses Muchiri Mwangi@MosesMuchiri_M

@IEAKenya is doing a series on Adam Smith's Wealth of Nations. I will be sharing my favourite quotes from my part of the work. |@IEAKwame | @OkadiaFiona | @LeoKemboi | @OgejoW | @OmendaKedogo | @vivian_ochola |@wakyendo Watch the series on the IEA, Kenya YouTube Channel.

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Moses Muchiri Mwangi
Moses Muchiri Mwangi@MosesMuchiri_M·
#Adam Smith on prudent borrowing and why borrowing should be based on returns to avoid a debt trap. Feel free to catch up with the @IEAKenya series on the Wealth of Nations. Watch here: youtu.be/ywYrk6vPLuA?si…
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Moses Muchiri Mwangi
Moses Muchiri Mwangi@MosesMuchiri_M·
𝐖𝐡𝐲 w'd a 𝐩𝐨𝐭𝐚𝐭𝐨 𝐟𝐚𝐫𝐦𝐞𝐫 𝐧𝐨𝐭 𝐞𝐚𝐫𝐧 𝐚𝐬 𝐦𝐮𝐜𝐡 𝐚𝐬 𝐚 𝐟𝐫𝐢𝐞𝐬 𝐦𝐚𝐤𝐞𝐫? Follow the commentary on the Wealth of Nations by @IEAKenya BOOK 1 Chapter 1-3:youtu.be/j3ehUwIS5n4 Chapter 4-7: youtu.be/ywYrk6vPLuA Chapter 8-11:youtu.be/SclKx8PSTQg
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Keşfet

@IEAKenya @IEAKwame @OkadiaFiona @LeoKemboi @OgejoW @OmendaKedogo @vivian_ochola @wakyendo