Michael Perelman at Econospeak and here has thoughts on the role of the worker in economic theory I found interesting. An August 8, 2008 search of 73 economics journals collected electronically in the JSTOR database revealed how marginal work, workers, and working conditions has become in economic literature. Of the articles published since January 2004, […]
(rdan here: I will put part of this post under the fold a little later in the day and delete this comment…I thought more would read it intact at first) by cactus This is a follow-up to a I wrote the other day, taking into account some very helpful suggestions from many helpful readers in […]
Lessons from Italy and Australia by One Salient Oversight Statements:———————–1. Together, the amount of money the Italian government spends on debtservicing (interest plus paying back principal) is €263,663 million. Now let’s put that number in perspective. €263,663 million represents a whopping 41.2% of the Italian government’sspending in 2007. According to the same document, Italy’s GDP […]
by rdan Lifted from comments cactus style, by k harris. A public infrastructure spending binge is likely to require lots of petroleum products. This is not a deadly criticism, but is is an issue that could produce a lot of “leakage”. We could offset that, either concurrently or subsequently. Spending a ton of money modernizing […]
The NYT has a long article that MG and spencer mention is worth a careful look…perhaps a post or two. The quote I pulled from the article is the immediate political concern as well as the message that economic arguments need a modern cast to them given our “reality” of stagnant overall income for most […]
Mother Jones has an interactive map on the numbers of military troops over the world from 1950 to 2007. It is of course a map of growth to date.
Lifted from Econbrowser by Menzie Chinn Drilling Offshore to Affect World Oil Prices… and Other Tales from the Iraq-Pakistan Border Various individuals have argued for drilling in the Outer Continental Shelf (OCS) as a means to affect the price of oil. This is true despite this recent assessment by the Department of Energy’s Energy Information […]
The US economy is in a funkBy Peter Morici Troubles at United States banks are making mortgage, credit card and business loans scarcer and more expensive. Falling home prices, rising foreclosures and high gas prices have stalled home building and consumer spending. These problems are exacerbated by the long-festering trade deficits on oil and with […]