Calculate Risk reminds us of the importance of education… Unemployment by Education This graph shows the unemployment rate by four levels of education (all groups are 25 years and older). Unfortunately this data only goes back to 1992 and only includes one previous recession (the stock / tech bust in 2001). Clearly education matters with […]

Dan here…Jan points us to a response to ‘hiatus’ of climate change. by Jan Galkowski (reposted from Hypergeometric) A conclusion that “the hiatus” in global land surface warming is natural variability Lovejoy provides conclusive statistical evidence, free of use of climate models, that the so-called “hiatus” in global land surface warming is due to natural variability […]

by Sandwichman (reposted from Econospeak) Public Works, Economic Stabilization and Cost-Benefit Sophistry I. Public Works and Economic Stabilization This is where it all began. The National Resources Board’s 1934 Report on National Planning and Public Works contained a radically different vision of the methods and purposes of conducting a cost benefit analysis than what has subsequently […]

(Dan here.  The last graph is an eye opener) by New Deal democrat  (originally published at the Bonddad blog) Consumers’ (accurate) bifurcated take on the economy – and why that isn’t good for Democrats Naked Capitalism picked up a piece from Wolf Richter the other day entitled  The shrinking piece of a barely growing economy: […]

by Sandwichman (at Econospeak) “Cake without Flour” — Duncan Foley on the Dilemmas of Economic Growth The following excerpt is from Duncan Foley’s outgoing Presidential Address to the Eastern Economics Association, “Dilemmas of Economic Growth,” presented March 9, 2012 (Reprinted by permission from Macmillan Publishers Ltd: Eastern Economic Journal (2012) 38, 283–295 published by Palgrave […]