economic theory

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Latest blogosphere posts tagged “economic theory”

  • Interest rates – part iii


    ducati998Authority Authority: 138
    Continuing the analysis of interest rates For economists, a model is not a toy train or runway star, but rather, a simplified description of reality, usually involving equations. It’s a way to describe how the parts of the world (or at least the financial markets) fit together. Our new approach to estimating ...
    13 hours ago
  • Can Capitalism Redeem Itself?


    Your CallAuthority Authority: 125
    Is a better capitalism possible? On the next Your Call, well have a conversation with John Perkins, author of Hoodwinked . He argues that the global financial system needs to be remade from the ground up. But where do we start in building a more just and sustainable system? Join us live at 11 or send us an email at ...
    22 hours ago
  • Finance Minister Mukherjee deserves a cheer for connecting with economics (though half a cheer gets subtracted)


    Independent Indian: Work & Life of Dr Subroto RoyAuthority Authority: 126
    From Facebook today Independent India’s Finance Ministers have never in 62 years referred to economic theory or the history of economic thought until Mr Mukherjee delivered the 4th Kadirgamar Memorial Lecture in Colombo yesterday, making the following academic claim: “As students of economics would understand, ...
    1 day ago
  • King Consumer


    ducati998Authority Authority: 138
    There have been musings around blogoland with regard to the consumer’s health and willingness to spend, or not. Mish and others have promulgated the idea of a new reality for the consumer, viz. he will be saving, repairing his Balance Sheet. This seems to be presented as a negative. In response to the new frugality ...
    2 days ago
  • An observation about official economic thought in India


    Independent Indian: Work & Life of Dr Subroto RoyAuthority Authority: 126
    From Facebook: Subroto Roy  wonders if India’s most eminent academic economist and India’s most eminent government economist have either of them ever said anything that any member of any audience could ever have found at all disagreeable…. (let aside falsifiable in the sense of Karl Popper) (… ...
    3 days ago
  • Online Auctions: Internet’s Most Valuable Innovation


    Discover The Best eBay AlternativeAuthority Authority: 144
    You could come up with lots of considerations and valuable opinions, which shed light on many bad aspects of online auctions. At the end of a dinner, you also managed to convince your best friends that they should stop ruining their eyes in front of Ebay. It’s time consuming and packed with useless objects. In [...]
    3 days ago
  • More of the same tired arguments against Ron Paul’s Fed Audit Bill


    Liberty Maven Liberty Maven: For Liberty, One Individual At A TimeAuthority Authority: 548
    Ron Paul’s bill to audit the Federal Reserve (HR.1207) has over 300 cosponsors, well above 2/3rds of the House, including every single House Republican. A few days ago an opinion piece appeared in the Wall Street Journal arguing that the Federal Reserve is already transparent enough and that a full audit would be ...
    5 days ago
  • Real Interest Rates


    ducati998Authority Authority: 138
    Continuing the critique from a couple of days ago… Real interest rates also play a key role in many economic decisions. When businesses invest—or don’t—in plants and equipment, when families buy—or don’t—a new car or dishwasher, they are making judgments about the real return on the object and the real ...
    5 days ago
  • The Uncomfortable Dance Between Vers and Uers


    John Mauldin's Outside the BoxAuthority Authority: 453
    "Why" many ask, "is the stock market going up when the bond market is telling us the recovery will be tepid? Isnt there a disconnect?" And the answer is that there is, and this week good friend and fishing buddy Paul McCulley of PIMCO fame discusses that very topic with his usual insight and wit. He poses the ...
    1 week ago
  • Cognitive dissonance at its best


    ducati998Authority Authority: 138
    Here is an example of cognitive dissonance at its best. I don’t have time to respond to this long post just this minute, but I will definitely get around to it. I have had numerous issues with Mish and his deflation calls, this is obviously another of those times.
    1 week ago
  • Ok, let’s break it down in stages.


    ducati998Authority Authority: 138
    Policymakers at the Federal Reserve and other central banks continually face the “Goldilocks” question—is monetary policy too tight, too loose, or just right? It would help if the central bank knew what real interest rates and expected inflation actually were, but these are not easy to observe. Visible ...
    1 week ago
  • Interest Rates


    ducati998Authority Authority: 138
    There are so many problems with this that it will take several posts to sort it all out. However it makes clear, just how poorly economists, who have some influence, actually understand the theory of interest, or, they are totally without professional ethical standards. Either way, if nonsense like this is ...
    1 week ago
  • The Glide Path Option


    Thoughts From The FrontlineAuthority Authority: 475
    The Present Contains All Possible Futures The Ugly Unemployment Numbers Argentinian Disease The Austrian Solution The Eastern European Solution Japanese Disease The Glide Path Option Philadelphia, Orlando, and Phoenix The present contains all possible futures. But not all ...
    1 week ago
  • Obama to Tackle Currency Valuations in Asia Trip. Yawn.


    "Five Short Blasts" ForumAuthority Authority: 118
      http://www.reuters.com/article/politicsNews/idUSTRE5A55F520091106 As reported in the above-linked Reuters article, President Obama will challenge Asian nations to “do their part” in rebalancing global trade during his trip to Asia this month, and will be especially critical of China for refusing to allow ...
    1 week ago
  • Illegal Substance Taxes


    The Perfect SubstituteAuthority Authority: 134
    I did not realize that several states have an illegal substance tax. Check out the following rates in North Carolina : Marijuana stems & stalks that have been separated from the plant $0.40 for each gram or fraction thereof More than 42.5 grams Marijuana other than separated stems and stalks $3.50 for each ...
    1 week ago
  • ADAGE


    Science nature & education - science-nature.marc8.comAuthority Authority: 155
    ADAGE is a dynamic computable general equilibrium (CGE) model capable of investigating economic policies at the international, national, U.S. regional, and U.S. state levels. CGE models such as ADAGE combine economic theory and empirical data to estimate policy effects, while accounting for all interactions among ...
    1 week ago
  • Mish so misses the point of his own post


    ducati998Authority Authority: 138
    Mish has part 1 of a post regarding money, in an analysis with regards to the deflation/inflation question. He quotes Rothbard as evidence in support of his case. [Yet] an increase in money supply, unlike other goods, [does not] confer a social benefit. The public at large is not made richer. Whereas new consumer ...
    1 week ago
  • Just Desserts and Markets Being Silly Again


    John Mauldin's Outside the BoxAuthority Authority: 453
    My long time readers are familiar with Jeremy Grantham of GMO as I quote him a lot. He is one of the more brilliant and talented value managers (and I should mention very successful on behalf of his clients). He writes a quarterly letter which I regard as a must read. I have excerpted parts of his recent letter, where ...
    1 week ago
  • On Value, Subjective


    no third solutionAuthority Authority: 523
    One accusation I’ve seen raised against the subjective theory of value is that the Subjectivists are guilty of equivocation, substituting the perception of value (a subjective, self-local opinion) for “value” (defined as a property innate to an object or product). Menger makes it abundantly clear, however, ...
    2 weeks ago
  • Watch Capitalism: A Love Story (2009) Movie Online Free


    Pakistan News | News, Videos, Articles, Current Affairs, Politics, Entertainment, Technology | Geo TV | Dawn | The News | Ten Sports | Geo Super | India NewsAuthority Authority: 461
    On the 20-year anniversary of his groundbreaking masterpiece Roger & Me, Michael Moore’s Capitalism: A Love Story comes home to the issue he’s been examining throughout his career: the disastrous impact of corporate dominance on the everyday lives of Americans (and by default, the rest of the world). ...
    2 weeks ago

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