economic theory

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Latest blogosphere posts tagged “economic theory”

  • Mr Gint and the Schumpterian business cycle


    ducati998Authority Authority: 140
    Patent or not, there are only so many people that have profitable actionable ideas in this world. THEY are the scarce asset. Schumpter’s theory of the business cycle was initially presented within his Theory of Economic Development. Schumpter begins his analysis with an economy in equilibrium. With this as a ...
    1 day ago
  • The return of the master, in hip hop


    Peter MartinAuthority Authority: 504
    Its been Keynes year, again. So fans and critics have put together a hip hop video. NewsHour previews it, weaving in a discussion of the master, in a rather good nine-minute use of the medium. Oh, and heres the story behind the story . Related Posts . Painless ways to learn economics . The ...
    2 days ago
  • A question for Christmas


    ducati998Authority Authority: 140
    Aquinas, in his great Summa, raised a question that had been discussed by Cicero. A merchant is carrying grain to a famine-stricken area. He knows that soon other merchants are following him with many more supplies of grain. Is the merchant obliged to tell the starving citizenry of the supplies coming soon and thereby ...
    2 days ago
  • Latest Good Reads


    Roni Deutch: The Tax Lady BlogAuthority Authority: 437
    The Impact of the Tiger Woods Scandal on His Charities It’s Unpopular, Unworkable, and Insane, So Naturally They’re in a Hurry to Pass It Five Top Books for Working Women Economic Theory--How Much is it Worth 10 Mistakes That Will Kill Your Transition From ...
    3 days ago
  • Economics – the state of play


    ducati998Authority Authority: 140
    An example of a pretty clueless economist follows. What is particularly scary is this chap is educating the next generation of clueless economists. I actually have another good example of this continuing trend in economic education that will go up when I have a little more time. From: Mark A. Thoma Department of ...
    3 days ago
  • What is seen


    ducati998Authority Authority: 140
    Just as today… if I used $500 to buy an ounce of gold two years back, and then our fiat currency collapsed, wouldn’t I retain the value of that gold, even as it was bought with a “fake” asset? So goes it, but even more so, with value generating companies, as they can be exchanged — even for fiat — and ...
    3 days ago
  • Patents, copyright and value


    ducati998Authority Authority: 140
    I have advanced some argument as to the restriction of ideas that eventuates in an environment of a state sponsored patent system. I have also advocated that no great loss of monetary revenue would result to innovators, should the current patent system be abolished, and that this would result in an increase in ideas ...
    4 days ago
  • flippe-floppe-flye to apply for patent?


    ducati998Authority Authority: 140
    The INFORMATION was lying around, but it took the positive cash flow generating ideas of the principals of Company A to synthesize that information into a profitable entity. Patent or not, there are only so many people that have profitable actionable ideas in this world. THEY are the scarce asset. The above is ...
    4 days ago
  • Job Search and Unemployment Insurance


    The Perfect SubstituteAuthority Authority: 130
    A new paper, forthcoming at JPubE , by Kreuger and Mueller on the determinants of the amount of time the unemployed devote to looking for that next paycheck: This paper provides new evidence on job search intensity of the unemployed in the U.S., modeling job search intensity as time allocated to job search ...
    5 days ago
  • Stealing as Charity: The Distributional Analysis is Interesting but Incorrect


    The Perfect SubstituteAuthority Authority: 130
    From CNN : Tim Jones, parish priest of St Lawrence and St Hilda, told his congregation in York, northern England: "My advice, as a Christian priest, is to shoplift." [...] He continued: "I do not offer such advice because I think that stealing is a good thing, or because I think it is harmless, for it is neither. ...
    5 days ago
  • Planes, trains & automobiles


    ducati998Authority Authority: 140
    Mr Gint has responded to our ongoing discussion in regards to intellectual capital and it’s importance. Agreud, but I was thinking on this more last night in my bed… something of a thought exercise maybe. “Where is value created, and where is value retained?” should be the real query, no? As I suspect ...
    5 days ago
  • Wages and recovery: A note


    TVHEAuthority Authority: 498
    There seems to be some hatred for the idea that if nominal wages were more flexible unemployment would not rise as high ( here , here , and here ). However, I am a fan of the flexibility argument – and not just because my mind struggles to get outside of partial equilibrium When I view wage flexibility I think ...
    6 days ago
  • A Reply To jacob Richter - Part 2


    Boffy's BlogAuthority Authority: 118
    The Iron Law of Disproportionate Immiseration: "In the “trickle-down” best of times, workers’ incomes do not rise as rapidly as the incomes of those above them, and while immiserated further by interest on the growing but hidden consumer debt slavery that supports this disproportionate immiseration, they can ...
    6 days ago
  • Does Corporate Tax Incidence Increase Progressivity?


    The Perfect SubstituteAuthority Authority: 130
    Yes, according to a new working paper out of the Tax Policy Center by Benjamin Harris: This paper reaches three related conclusions. First, because wage and capital income are highly correlated, higher-income taxpayers will pay a relatively larger share of the tax, regardless of whether the corporate income tax ...
    6 days ago
  • Rollin’, rollin’, rollin’ – the Depression rolls along


    Contrarian Stock Market Investing News - Featuring Bargain StocksAuthority Authority: 524
    Bill Bonner , c0-author of The New Empire of Debt and daily columnist for  The Daily Reckoning , UK Edition , offers his analysis on the state of the global economy. Bill Bonner ( The Daily Reckoning, UK ): Leading economists have a one-stop solution for just about everything: stimulate consumer ...
    6 days ago
  • Interesting Paper on Leveraged Buyouts and Private Equity


    Alpha.Sources blogAuthority Authority: 109
    Christmas is fast approaching and I thought that instead of writing up Alpha.Sources pendant to the flurry of 2010 market outlooks (it will come at some point over the Christmas), I would point you to a recent paper I read on leveraged buyouts and private equity industry. The paper is written by Steven N. Kaplan and ...
    1 week ago
  • Mr Gint again


    ducati998Authority Authority: 140
    As Thomas Jefferson—himself an inventor, as well as the first Patent Examiner in the U.S.—wrote, He who receives an idea from me,receives instruction himself without lessening mine; as he who lights his taper at mine, receives light without darkening me. Thomas Jefferson to Isaac McPherson, Monticello, ...
    1 week ago
  • Damned Frenchman was right


    ducati998Authority Authority: 140
    The war against illegal plunder has been fought since the beginning of the world. But how is… legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them, and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of ...
    1 week ago
  • Progress! India’s most eminent academic economist (finally) praises economics!


    Independent Indian: Work & Life of Dr Subroto RoyAuthority Authority: 124
    From Facebook: Subroto Roy is happy to find, as the year 2009 AD draws to a close, India’s most eminent academic economist offer today published praise for works of Adam Smith, FH Knight, JR Hicks, PA Samuelson & other “mainstream” or “orthodox” economists — in contrast to his own, he says, ...
    1 week ago
  • Total Capacity


    ducati998Authority Authority: 140
    Total capacity attempts to display the structure of production. The structure of production is a manifestation of human time preference. When there is a time preference for future goods, investment is high, when the preference is for current consumption, investment is low. The natural rate of interest, the pure rate ...
    1 week ago

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