Think your boss will try to keep you if you get a job offer? Think again. Remember Iceland, the meltdown poster child before Greece became the meltdown poster child?
Not only is Iceland in the midst of removing its capital controls, its Statistics agency reported today that the economy expanded by 2.9 per cent in the first quarter over a year earlier. Iceland’s economy blew up up during the financial crisis, with banks failing, stocks melting down and its currency collapsing.
Max Roser sur Twitter : "The rising number of equations per paper shows the increasing mathematization of #economics. The use of mathematics in economics and its effect on a scholar's academic career. World Economic Forum sur Twitter : "ICYMI: Why #inequality is different in #Japan @ecoyuri #economics #Piketty. Why inequality is different in Japan. TOKYO – Six months after Thomas Piketty's book Capital in the Twenty-First Century generated so much buzz in the United States and Europe, it has become a bestseller in Japan.
But vast differences between Japan and its developed counterparts in the West, mean that, like so many other Western exports, Piketty's argument has taken on unique characteristics. Piketty's main assertion is that the leading driver of increased inequality in the developed world is the accumulation of wealth by those who are already wealthy, driven by a rate of return on capital that consistently exceeds the rate of GDP growth. Japan, however, has lower levels of inequality than almost every other developed country. Indeed, though it has long been an industrial powerhouse, Japan is frequently called the world's most successful communist country. Japan has a high income-tax rate for the rich (45%), and the inheritance tax rate recently was raised to 55%. This national characteristic is not limited to individuals. My beautiful campus. #CUDenver #Denver #Colorado... United Replaces Unionized Baggage Handlers With Minimum Wage Contractors, Things Instantly Fall Apart.
“Free Market” hardliners may not like to hear it, but the old adage is true: “You get what you pay for,” and paying people next-to-nothing to do an extremely labor-intensive job won’t get you many willing applicants.
Nowhere is that more obvious than in Denver right now, where travel-wary passengers getting off their flights are discovering that their checked bags won’t be coming out in a timely fashion, if at all. One survivor told the Denver Post that the situation was so bad in baggage claim that people were on the cusp of rioting. “Ed Tonini of Louisville, Ky., flew to Denver on a United Express flight this week. His small bag, which he checked at the gate, took about 30 minutes to retrieve. But nothing could have prepared him for the baggage claim area, which he said was utter chaos. Two hours to get bags out into baggage claim? Baggage Delays For @united Express At @DENAirport DIA pic.twitter.com/q419KzyyCr— Airline News (@Airline___News) January 5, 2015. The Economics of Seinfeld. Slower but not scary: China’s economy 2014-11-11. Prisoner's Dilemma In Real Life. The "prisoner's dilemma" is a familiar concept to just about everyone who took Econ 101.
The basic version goes like this: Two criminals are arrested, but police can't convict either on the primary charge, so they plan to sentence them to a year in jail on a lesser charge. Each of the prisoners, who can't communicate with each other, are given the option of testifying against their partner. If they testify, and their partner remains silent, the partner gets three years and they go free. Obama's biggest economic policy mistake. Barack Obama has not accomplished nearly as much as his most fervent supporters — or, indeed, the president himself — had hoped he would during the 2008 campaign.
This has led, naturally, to a litany of back-biting complaints about the corruption or incompetence of the president and his team, a storied list of alleged tactical failings or ideological betrayals. The truth is, however, that he has accomplished an enormous amount given the objective structural circumstances of American politics. But as the country waits to hear the latest announcement from the Fed about how rapidly it will end its Quantitative Easing programs, we are witnessing the biggest mistake of Obama's presidency: the systematic neglect of the Federal Reserve and of his ability to influence its course of action. The team player. Paul Krugman decries the “enormous intellectual failure” of modern economics. In his latest column for the New York Times, award-winning economist and liberal pundit Paul Krugman returns to one of his recurring themes and tries to understand how the field of economics could not only fail to predict the economic catastrophe of 2008, but fail to ensure policymakers in the West responded to it with pro-growth, countercyclical spending.
“[I]t’s important to realize that the enormous intellectual failure of recent years took place at several levels,” Krugman writes. “In what sense did economics go astray?” One of the first places to look, Krugman argues, is at the field’s recent deification of free-market economics and the “neoclassical models” that support its proponents. When it comes to a China growth slowdown, bad news is actually good news. News that Chinese factories are pumping out goods at the slowest pace since the height of the global financial crisis sent share prices and commodities reeling today.
And it wasn’t a blip: power generation fell 0.6% versus Aug. 2013, down from 5.3% growth in July. Finally—some cheery Chinese economic news! Oil Price Plunge? It's The Global Economy, Stupid! Economics isn’t science or literature - Columnists. In 1959, British physicist CP Snow gave a lecture called “The Two Cultures”, in which he lamented the cultural divide between literary intellectuals and scientists.
Having been a research assistant in a physics lab and a published novelist, he knew a thing or two about both. The upshot of his argument was that literary types tend not to know anything about science or technology, while science types tend not to know anything about high culture, to the detriment of the nation as a whole. Since 1959, Snow’s dichotomy has become common knowledge; at Stanford, we talked about “techies” and “fuzzies” as if never the twain shall meet. As a physics major who wrote short stories for fun, I was a little bit like Snow. South Africa News.
Marxism: The Concise Encyclopedia of Economics. More than a century after his death, Karl Marx remains one of the most controversial figures in the Western world.
His relentless criticism of capitalism and his corresponding promise of an inevitable, harmonious socialist future inspired a revolution of global proportions. It seemed that—with the Bolshevik revolution in Russia and the spread of communism throughout Eastern Europe—the Marxist dream had firmly taken root during the first half of the twentieth century. That dream collapsed before the century had ended. The people of Poland, Hungary, Czechoslovakia, East Germany, Romania, Yugoslavia, Bulgaria, Albania, and the USSR rejected Marxist ideology and entered a remarkable transition toward private property rights and the market-exchange system, one that is still occurring. Which aspects of Marxism created such a powerful revolutionary force? Labor Theory of Value So the labor theory of value was not unique to Marxism. Alienation Scientific Socialism. Transformers 4 is a master class in economics.
Transformers: Age of Extinction is the fourth Transformers movie made by Michael Bay, and it's inarguably one of the four best Transformers movies Michael Bay has ever made.
Even so, a lot of "critics" seem to have misread the movie entirely. At the New York Times, A.O. Databases. How ISIS is exploiting the economics of Syria's civil war. The guy who beat Eric Cantor penned a scathing, seemingly unpublished book about the economics profession. Blogs.worldbank. Noam Chomsky (2014) "How to Ruin an Economy; Some Simple Ways".
Taking-on-adam-smith-and-karl-marx. Photo PARIS — Thomas Piketty turned 18 in 1989, when the fell, so he was spared the tortured, decades-long French intellectual debate about the virtues and vices of communism. Even more telling, he remembers, was a trip he took with a close friend to Romania in early 1990, after the collapse of the Soviet empire. “This sort of vaccinated me for life against lazy, anticapitalist rhetoric, because when you see these empty shops, you see these people queuing for nothing in the street,” he said, “it became clear to me that we need private property and market institutions, not just for economic efficiency but for personal freedom.” The farm bill: A trillion in the trough.
CBO: Obamacare Is A Tax On Work, May Cut Full-Time Workforce By 2.5 Million. Economics Daily Digest: Progressives have a lot to celebrate and fight for. By Rachel Goldfarb, originally published on Next New Deal Click here to receive the Daily Digest via email. US economy grew at surprise 2.8% rate in 3rd quarter. US economy grew at surprise 2.8% rate in 3rd quarter. Market Awaits 'Unprecedented' Reforms In China. Emerging economies: The Great Deceleration. WHEN a champion sprinter falls short of his best speeds, it takes a while to determine whether he is temporarily on poor form or has permanently lost his edge. The same is true with emerging markets, the world economy’s 21st-century sprinters. After a decade of surging growth, in which they led a global boom and then helped pull the world economy forwards in the face of the financial crisis, the emerging giants have slowed sharply.
America’s public finances: The Unsteady States of America. Λόγος. The biggest obstacle to a stronger economic recovery. Sometimes, a simple, eight-word headline can say quite a bit: “Fed Chief Calls Congress Biggest Obstacle to Growth.” Access: Reflections on studying up in Hollywood. IMF Warns Of Global Slowdown. International Monetary Fund chief Christine Lagarde on Sunday singled out the U.S. Congress for failing to avert across-the-board spending cuts that slow down potential for growth. Formal Broadband Plans Spur Economic and Social Development. Two Asian nations – Korea and Singapore — have managed to leapfrog multiple stages of economic development and have transformed into economic miracles. This comes as no accident, in part, because both have taken a planned approach to technological development, starting with national broadband plans, which has led to increased broadband adoption, and successive waves of economic growth.
Canuckish : The efficiency of private... News Republic. The Independent Friday, June 28, 2013 9:18 AM GMT. International Labor Markets: All Tree, No Forest by Jeff Van Geete on Prezi. Labor's Fair Share It has been ~22 years since the Cold War... Gangster Bankers: Too Big to Jail. Sal Khan @ MIT. Starship Citizens. Guns end a lot more conversations than they start, which means they're probably not an ingredient for cohesive societies. How Nations Succeed: What's the Secret to Ending Poverty?
Austerity's Spreadsheet Error - The Colbert Report - 2013-23-04. Austerity's Spreadsheet Error - Thomas Herndon - The Colbert Report - 2013-23-04. Reinhart, Rogoff Backing Furiously Away From Austerity Movement. International Labor Markets: All Tree, No Forest by Jeff Van Geete on Prezi. Reinhart, Rogoff Admit Excel Mistake, Rebut Other Critiques - Real Time Economics. Grad Student Who Shook Global Austerity Movement. Google Actualités. Url?sr=1&ct2=us%2F7_0_s_0_1_a&sa=t&usg=AFQjCNFifi1yhdLNCzkxhDzxvMdFDyz-iA&cid=52778084983329&url=http%3A%2F%2Fwww.theatlantic. The Twitter Underground Economy: A Blooming Business. The World Bank. Economic Research & Data. The Third Industrial Revolution: How Lateral Power Is Transforming Energy, the Economy, and the World (9780230115217): Jeremy Rifkin. Browse by Category, Concise Encyclopedia of Economics. Budget and Economic Outlook: Fiscal Years 2011 to 2021.
United States federal budget. Report of the World Commission on Environment and Development: Our Common Future - A/42/427 Annex. U.S. Falls In World Education Rankings, Rated 'Average' About Freakonomics: The Movie. Complex Systems. Protect IP Act Senate whip count - OpenCongress Wiki. Global Financial Crisis: A World in Debt. Anthroponomics. Financial & Economic Infographics - VisualEconomics.com. UEMOA: West African Econ. & Monetary Union.
The Economy and the Economics of Everyday Life - Economix Blog. Economics and Politics by Paul Krugman - The Conscience of a Liberal. The Atlas of Economic Complexity. Poverty and Financial Distress Would Have Been Substantially Worse in 2010 Without Government Action, New Census Data Show. Economist's View. The Big Picture. Behavioural Economics. Behavioural Economics Applied.