Comments on Profit and Capital Yeah, I know, Marx wrote three volumes on this, and in 2014 Piketty published in English a more than 700 page book on it that ended up on the bestseller list, although neither of these resolved the long-running debates about the nature of profit or of capital, which continue to […]
Reader EM put this comment up in the AB open thread. I thought it was interesting enough to place on AB as I also wonder about the question being asked and the answer; “can a state divert Medicare funds to support a state single payer system?” The simple answer is “no,” Medicare funds can not […]
Muhammed Bin Nayef Bin Abdulaziz Al Sa’ud Confined To His Palace In Jidda, according to the New York Times today. So the story about the now deposed 57-year old former Crown Prince of Saudi Arabia and former Minister of the Interior, Muhammed bin Nayef (MbN), putting out a video supporting his own removal appears to […]
Sandwichman in the FT Financial Times: “The minimum wage wars are heating up: A new study fails to prove its claim that Seattle wage floor hurts workers” by Martin Sandbu, at Free Lunch on FT Alphaville First, the numerical result struggles to pass an intuitive “smell test”. As the Angry Bear blog [cross posted at […]
I used to live in Little Rock, so waking up this morning to the news of the shooting in Little Rock was a bit of a shock. Fortunately, the expletive expletive who did the shooting was a bad shot and nobody got killed. I don’t even know how to comment on this, though, so I’m […]
A just-released paper by the Behavioral Economics Team of the Australian Government (BETA) looks at hiring processes in the Australian Public Service Commission. Here’s the summary: This study assessed whether women and minorities are discriminated against in the early stages of the recruitment process for senior positions in the APS, while also testing the impact […]
Dan here…I don’t usually pass along a study that has a company attached to the article itself, but thought this one might be of interest for readers. On government handouts sports, stadiums or schools is the political side of the issue. Stadiums or Schools: An Analysis of Public Expenditures What we found is that ten […]
There has been a lot of very good critique of the methodology of the University of Washington’s study of the minimum wage increase in Seattle. However, I want to repeat and emphasize a very simple point that jumps out. A static low-wage cutoff point, whether it be $19 or $100, automatically reduces the size of the […]
Five graphs for 2017: mid year update – by New Deal democrat At the beginning of the year, I identified 5 trends that bore particular watching, primarily as potentially setting the stage for a recession next year. Now that we are halfway through the year, let’s take another look at each of them. #5 Gas […]