This post is a message to the Federal Reserve if they are serious about maximizing employment. Yesterday I posted a model for labor share plotted against labor (Qty.) in response to a post by Simon Wren-Lewis. The model suggests that there is an ideal level of labor share that will employ the most amount of […]
David Zetland @aguanomics · 2h Here’s the AMA link: http://www.reddit.com/r/IAmA/comments/2ayco8/iama_water_economist_from_california_ask_me/ …
The Office of Management and Budget annually releases the President’s Budget as a baseline proposal for the next Fiscal Year. If the Congress is in whole or in part in the hands of the opposite party this mostly gets filed away somewhere in a drawer entitled “You Wish”. But it does come complete with a […]
A lot going on with the minimum wage lately, but I will contextualize it first with Thomas Piketty’s analysis in Capital in the Twenty-First Century, pp. 308-313. It’s important to remember that one of the keys to the book’s success is that it is built on a gigantic trove of long-term data. His French wealth […]
Simon Wren-Lewis wrote about Aggregate Demand and the Labour Market. He shows that an aggregate demand constraint can keep employment from reaching its natural rate. He is essentially describing Keynes’ effective demand in his post. So I have made 2 changes to his title in the title of this post. I have changed aggregate demand […]
Dan here….I find David interesting and flexible in his approaches to the particular contexts of ownership and uses of water. It is often an intensely local set of circumstances. Guest post by David Zetland Blogging on the political economy of water at aguanomics Author of Living with Water Scarcity (2014) and The End […]
The above is an extract from a 2012 National Academy of Social Insurance publication entitled Social Security: What do Americans Want. There is much to see and read in this publication and I urge people to take a look at this longish PDF of 57 pages and many Tables, of which this is just one. […]
Paul Krugman wrote today about Life Without Cars. This subject strikes home for me. I have lived without a car since 2005. I lived 5 of the past 9 years in Chile and used the bus system there. I came back to the United States and have used a combination of walking, a bike and […]
The video presents safe voyages to space. “people… first-hand viscerally get that we live on a planet suspended in space … and this planet is all that we have.” Yet we could assume that only rich people from around the world will take the ride. How many of them will get a vision that the […]