'Subsidies are just like circulating blood from the left arm to the right'

Ken Schoolland is an Associate Professor of Economics and Director of the Entrepreneurship Centre at Hawai‘i Pacific University in Honolulu.

Schoolland served as an international economist in the US International Trade Commission, the US Department of Commerce, and on assignment to the Office of the Special Representative for Trade Negotiations. Schoolland has authored two books: The Adventures of Jonathan Gullible: A Free Market Odyssey , now published in 53 languages; and Shogun's Ghost: The Dark Side of Japanese Education , in two languages. The Post’s Sangam Prasain caught up with Schoolland last week during his visit to Kathmandu to discuss the global economy in the context of rising costs and war, and the initiative of poor countries like Nepal to tackle the situation. Excerpts: