Publications · Sustainable Development Commission. Our economy is geared, above all, to achieving growth.
In times of recession especially, economic policy is all about returning to growth. But a financial crisis can also be an opportunity for some basic rethinking about what the economy is for, and how through some fundamental restructuring of our financial system we can safeguard our economic stability in the future, as well as achieving wider social and environmental benefits. In recent years, other objectives such as sustainability and wellbeing have moved up the political agenda. Over two years, the SDC's Redefining Prosperity project looked into the connections and conflicts between sustainability, wellbeing and growth.
The Surprise Index - What Does It Measure? - Here’s an interesting indicator: it’s called the Surprise Index.
Calculated by the economists at MFC Global Investment Management, it quantifies in one measure the extent to which U.S. economic indicators exceed or fall short of consensus estimates. An economic report with better-than-expected news is assigned a value of 1; a report with worse-than-expected news is assigned a value of -1; a report meeting expectations gets a 0 value. Add up the values of the reports for the week, and you have the Surprise Index’s reading for that week.
The indicator is published on the second page of MFC Global’s weekly Market Commentary. Upward momentum in the index (which would arise if economic reports increasingly exceeded on the upside) could, in theory, foreshadow a rebound in the economy; vice versa for downward momentum. An anatomy of Asian economic woes. Poking Holes In The Long Tail Theory. Just because the Internet makes it possible to offer a near-infinite inventory of goods for sale does not mean that consumers will start wanting more obscure items in any great numbers.
That is the conclusion Harvard Business School associate professor Anita Elberse comes to in a recent article in the Harvard Business Review that takes on some of the sacred cows of the Long Tail theory. The Long Tail is Wired editor Chris Anderson’s theory (based on an article and resulting book of the same name) that as it becomes easier to distribute a wider variety of items, consumers will venture down the long tail of the distribution curve and find the products that exactly match their interests and idiosyncratic needs. Elberse questions this notion: Is most of the business in the long tail being generated by a bunch of iconoclasts determined to march to different drummers? The answer is a definite no.. . . An explanation on why people hate capitalism. Back to Rants and Raves Why People Hate Capitalism By Bruce of Stone Marmot June 27, 2008 Capitalism is the most democratic economic system there is, for every time you spend a dollar, or refrain from spending a dollar, you are casting a vote.
Blog Archive From The Information Age To The Connected Age « [qi:078] Jason Calacanis launched yet another discussion of the future of the web with his official definition of web 3.0, in which web 2.0 cake is spread with a liberal frosting of people, but not just any people — “gifted” people.
Aside from its introduction of magnet-school speak into tech talk, this definition is curious in that it mentions layering. But the web is a network, or as some gifted people already knew, a “graph.” The web is less a cake needing frosting than a stew mixing everything together, allowing for the possibility of any one ingredient touching another. digg Today’s version of the web, whatever you want to call it, is notable because people and hardware and information and software and conversation are all mixed together into a hyperconnected network.
§. A Study of Collaboration Stays True to Its Cause. Digg Bookmarklet for Firefox. I have talked in length about how del.icio.us and furl bookmarklets can be improved - now I want to talk about another similar service that don't even provide a bookmarklet. I am talking about Digg. Okay, I know that Digg is not a social bookmarking site - but it is a site to which you can submit URLs with it's title and description. So the same kind of bookmarklets can be used here too. With that in mind, I will try to create the 'perfect' Digg bookmarklet. Government failure. Government failure (or non-market failure) is the public-sector analogy to market failure and occurs when government intervention causes a more inefficient allocation of goods and resources than would occur without that intervention.
In not comparing realized inadequacies of market outcomes against those of potential interventions, one writer describes the "anatomy" of market failure as providing "only limited help in prescribing therapies for government success. " Overview An early use of "government failure" was by Ronald Coase (1964) in comparing an actual and ideal system of industrial regulation: Thomas Homer-Dixon. The Coming Collapse in Housing. By: John Mauldin | Fri, Nov 17, 2006 This week I am in New Orleans at the annual New Orleans Investment Conference and quite frankly with so many good friends that I have given myself permission to not write a letter this week.
But you will be getting an even better writer than me for this week's letter. I arranged for good friend Gary Shilling to condense his 40 page letter on the housing market for you. While this letter will print long (for those of you who print the letter out), it is mostly charts, which Gary excels in. The Long Tail: More on the Economics of Abundance. Sun, 08 Nov 2009 00:46:19 “Priced and Unpriced Online Markets" by Harvard Business School professor Benjamin Edelman.
Discusses tradeoffs in market such as email, IP addresses, search and dial-up Internet. "Reminiscent of the old adage about losing money on every unit but making it up in volume, online markets challenge norms about who should pay, when, and why. " I found this typically academic: dated, dry and pretty unilluminating. But it got published in The Journal of Economic Perspectives. Punctuated Equilibria. Outline 0.
Foreword. Nordic Culture & Sweden will be the first. What Everyone Should Know About Economics. What Everyone Should Know About Economics and Prosperity by James D.
Gwartney and Richard L. The Wealth of Networks: How Social Product. The Wealth of Networks: How Social Production Transforms Markets and Freedom by Yochai Benkler, Yale University Press © Copyright 2006, Yochai Benkler. Contents This online version has been created under a Creative Commons Attribution Noncommercial ShareAlike license - see www.benkler.org - and has been reformatted and designated as recommended reading - with an accompanying Moodle course - for the Education Committee of CONGO - the Conference Of Non-Governmental Organizations in Consultative Relationship with the United Nations - in conjunction with the Committee's commitment to the United Nations Decade of Education for Sustainable Development, the International Decade for a Culture of Peace and Non-violence for the Children of the World and related international Decades, agreements, conventions and treaties.
Epigraph. Polyconomics Economic Forecasting Financia. Parable of the broken window - Wikipedia, The parable of the broken window was introduced by Frédéric Bastiat in his 1850 essay Ce qu'on voit et ce qu'on ne voit pas (That Which Is Seen and That Which Is Unseen) to illustrate why destruction, and the money spent to recover from destruction, is not actually a net benefit to society. The parable, also known as the broken window fallacy or glazier's fallacy, seeks to show how opportunity costs, as well as the law of unintended consequences, affect economic activity in ways that are "unseen" or ignored. The parable Bastiat's original parable of the broken window from Ce qu'on voit et ce qu'on ne voit pas (1850): Have you ever witnessed the anger of the good shopkeeper, James Goodfellow, when his careless son has happened to break a pane of glass?
Of the worlds 100 largest economic entitie. Objective Economics - Economics differs fr. Introduction to Economic Analysi. By R. Preston McAfee Google. EconSources! Big questions and big nu. Economics in Six Minute. Fred Foldvary’s Editorial Economics in Six Minutes by Fred E. Economagic: Economic Time Series Page. Death and Taxes 2007 Edition: Available No. David Levines Economic and Game Theory Pag. Commanding Heights : Jeffrey Sachs.
Adam Smith, Wealth of Nations, Content. The Capitalism Site : Laissez-faire Capita. Finance for Physicists. Paying the top DIGG/REDDIT/Flickr/Newsvine users (or "$1,00. What Happens When the Economics of Scarcity Meets the Economics. The Center for the Advancement. Big Government Solutions Don't Work/ The Law of Opposites b. The Elaboration Likelihood Model: Why People Won't Switch - Portals: Success, greed in the new economy of web point payouts. Information Markets » About CrowdIQ. Digg: A Lesson in Freakonomics : Business, Technology, and Stuff. PART I:Ten Key Elements of Economics. DonationCoder.com.