Jibarosoy + economics   218

Engineers Sprint Ahead, but Don’t Underestimate the Poets - The New York Times
Since new technical skills are always in high demand, young college graduates who have them earn a short-run salary premium. Yet when the job changes, these now experienced workers must learn new technical skills to keep up with fresh college graduates and a constant stream of talent from abroad.

The result is slower salary growth and high exit rates from the STEM work force. Between the ages of 25 and 40, the share of STEM majors working in STEM jobs falls from 65 percent to 48 percent. Many of them shift into managerial positions, which pay well but do not always require specialized skills.

Why do the earnings of liberal arts majors catch up? It’s not because poetry suddenly pays the bills. Midcareer salaries are highest in management and business occupations, as well as professions requiring advanced degrees such as law. Liberal arts majors are more likely than STEM graduates to enter those fields.
l  LIU  liberal_arts  Higher_education  political_science  career  Economics  Business 
20 days ago by Jibarosoy
Friedrich Hayek on Economic Nationalism and Central Planning | National Review
Historically, the primary conservative argument against top-down planning wasn’t so much that politicians and bureaucrats aren’t smart enough to run the economy from some Washington-based control room, but that it simply can’t be done. Policymakers suffer from what Hayek called “the knowledge problem.” The market is too complex, with too many variables on the ground, for anyone to manage things from above.
Latino  war  fear  state  Leadership  Power_in_America  Power_materials  capitalism  Economics 
may 2019 by Jibarosoy
How the American dream turned into greed and inequality | World Economic Forum
The growing gap between the rich and the poor, the old and the young, has been largely ignored by policymakers and investors until the recent rise of anti-establishment votes, including those for Brexit in the UK and for President Trump in the US. This is a mistake.

Inequality is much more than a side-effect of free market capitalism. It is a symptom of policy negligence, where for decades, credit and monetary stimulus shortcuts too easily substituted for structural reform, investment and economic strategy. Capitalism has been incredibly successful at boosting wealth, but it has failed at redistributing it. Today, without a push to redistribute wealth and opportunity, our model of capitalism and democracy may face self-destruction.
pol.185  inequality  history  data  Power_in_America  Economics  class 
april 2019 by Jibarosoy
University of Tulsa to cut degree programs, reorganize into 'professional super college' | Education | tulsaworld.com
The plan, referred to as a “reimagining” in the report submitted by a review committee, includes grouping the business, health and law colleges together in a “professional super college,” creating a “university studies” program for all incoming freshmen, and additional academic and social supports for students.
higher-education  LIU  Learning  Teaching  career  Economics 
april 2019 by Jibarosoy
Opinion | How the Upper Middle Class Is Really Doing - The New York Times
The first is indeed the top 1 percent of earners, and especially the very richest. Their post-tax incomes (and wealth) have surged since 1980, rising at a much faster rate than economic growth. They are now capturing an even greater share of the economy’s bounty.

Then there are the bottom 90 percent of households, who are in the opposite position. The numbers here take into account taxes and government transfers, like Social Security, financial aid and anti-poverty benefits. Even so, the incomes of the bottom 90 percent have trailed G.D.P. Over time, their share of the economy’s bounty has shrunk.

Finally, there is the upper middle class, defined here as the 90th to 99th percentiles of the income distribution (making roughly $120,000 to $425,000 a year after tax). Their income path doesn’t look like that of either the first or second group. It’s not above the line or below it. It’s almost directly on top of it. Since 1980, the incomes of the upper middle class have been growing at almost the identical rate as the economy.
Poverty  Economics  inequality  class  Power_in_America  finances  Trump 
february 2019 by Jibarosoy
The Economic Benefits of Latino Immigration: How the Migrant Hispanic Population’s Demographic Characteristics Contribute to US Growth | PIIE
The Hispanic community in the United States has contributed significantly to US economic growth in recent decades and will continue to do so over the next 10 to 20 years. This contribution derives partially from demographic vitality: the fact that Hispanics are the youngest and largest minority group in America and are on a path toward becoming an increasingly large share of the US labor force. Higher fertility rates, net immigration, and growing labor force participation rates will reinforce this trend. This paper presents evidence showing that Hispanic educational attainments are now rapidly converging to the US average. The Hispanic community now exhibits significantly higher levels of opportunity-driven entrepreneurship than does the rest of the US population. These factors position the Hispanic community to increase its contribution to the US economy in coming decades, with significant positive effects on the overall economic growth rate.
Latino_achievements  Latinos_y_Eco_Crisis  Economics  Business  NILP_Board  Latino_Journal 
february 2019 by Jibarosoy
Hispanics, Not Trump, Are the Biggest Engine Of U.S. Economic Growth
In ground breaking research that has significant implications for U.S. policymakers and financial institutions, Peterson Institution for International Economics (PIIE) researchers found that “The Hispanic community in the United States has contributed significantly to US economic growth in recent decades and will continue to do so over the next 10 to 20 years.”
Latino_achievements  Latinos_y_Eco_Crisis  Latino_Journal  NILP_Board  Economics  Business 
february 2019 by Jibarosoy
Hispanics, Not Trump, Are the Biggest Engine Of U.S. Economic Growth
In ground breaking research that has significant implications for U.S. policymakers and financial institutions, Peterson Institution for International Economics (PIIE) researchers found that “The Hispanic community in the United States has contributed significantly to US economic growth in recent decades and will continue to do so over the next 10 to 20 years.”
NILP_Board  Latino_achievements  Latinos_y_Eco_Crisis  Economics  Power_materials 
february 2019 by Jibarosoy
Philosopher of the month: Adam Smith [Timeline] | OUPblog
Smith also wrote the philosophical work The Theory of Moral Sentiment, in which he considered sympathy as the most important moral sentiment – the knowledge that one shares others’ feelings and our ability to understand the situation of the other person – and this fellow feeling we have with others help us to know whether our action or the action of another person is good or bad and conducive towards some good end.

Smith was more of an Epicurean rather than a Stoic. He shared David Hume’s views on morals and economics and inherited from his teacher Francis Hutcheson the spectator theory of virtue, a form of psychological naturalism which views moral good as a particular kind of pleasure, that of a spectator watching virtue at work.

For more on Adam Smith’s life and work, browse our interactive timeline below:
pol.505  philosophy  capitalism  state  Economics  teaching_pol_theory 
february 2019 by Jibarosoy
Economics After Neoliberalism | Boston Review
Economics is still somewhat insular within social sciences because of its methodological predilections: methodological individualism, model-based abstraction, mathematical and statistical formalism. But in recent decades economists have reached out to other disciplines and have incorporated many of their insights. Economic history is experiencing a revival, behavioral economics has put homo economicus on the defensive, and the study of culture has become mainstream. At the center of the discipline, distributional considerations are making a comeback. And economists have been playing an important role in studying the growing concentration of wealth, the costs of climate change, the concentration of important markets, the stagnation of income for the working class, and the changing patterns in social mobility
Economics  pol.185  methods  teaching_pol_theory  data  political_economy 
february 2019 by Jibarosoy
Opinion | The Real State of the Union, in Charts - The New York Times
My fellow Americans, the state of our union is far weaker than it should be.

The economy’s growth isn’t benefiting most families very much. Life expectancy has been falling. The planet is warming. The rest of the world is less enamored of America than it has been in the past.

But I can offer you one major piece of good news: Our country’s urgent and growing problems have inspired more Americans to vote and to otherwise get involved in politics. And that sort of engagement is the best hope for restoring our country to its rightful strength.
Trump  Power_in_America  Economics  inequality  state  Pol.12 
february 2019 by Jibarosoy
America is Regressing into a Developing Nation for Most People - Evonomics
The two sectors, notes Temin, have entirely distinct financial systems, residential situations, and educational opportunities. Quite different things happen when they get sick, or when they interact with the law. They move independently of each other. Only one path exists by which the citizens of the low-wage country can enter the affluent one, and that path is fraught with obstacles. Most have no way out.
Economics  inequality  Latinos_+_TW  Latinos_y_Eco_Crisis  NILP_Board  Power_in_America  international  political_economy 
december 2018 by Jibarosoy
The Decline of African-American and Hispanic Wealth since the Great Recession | Portside
While many studies have documented the wide disparity in income between whites on the one hand and African-Americans and Hispanics on the other, the gap in wealth is even greater. In seminal work on the subject, Oliver and Shapiro (1995) document and analyse the sources of the wealth differences between blacks and whites and discuss some of the deleterious effects of low wealth on the wellbeing of black families – including access to decent housing and education, poor health, lower longevity, and the like.
Latinos_+_TW  Latinos_y_Eco_Crisis  inequality  Power_in_America  Economics  political_economy 
december 2018 by Jibarosoy
Capitalism Can’t Give Us Affordable Housing | Portside
What does this mean for housing? Creating and maintaining housing is decidedly not the primary goal of developers, construction firms, mortgage lenders, and landlords. Housing is just a convenient medium through which capital can reproduce itself — through which these developers, construction firms, lenders, and landlords can make more money.

While socialists challenge the profit motive in consumer and industrial production, from cars and computers to steel and soybeans, it is just as important that we challenge the profit motive in the realm of what’s called “social reproduction.”
housing  capitalism  Urban  political_economy  Power_in_America  development  Economics  marketing 
december 2018 by Jibarosoy
Are Millennials Giving Up on Entrepreneurship? - The Atlantic
Research suggests entrepreneurial activity has declined among Millennials. The share of people under 30 who own a business has fallen to almost a quarter-century low, according to a 2015 Wall Street Journal analysis of Federal Reserve data. A survey of 1,200 Millennials conducted in 2016 by the Economic Innovation Group found that more Millennials believed they could have a successful career by staying at one company and attempting to climb the ladder than by founding a new one. Two years ago, EIG’s president and co-founder, John Lettieri, testified before the U.S. Senate, “Millennials are on track to be the least entrepreneurial generation in recent history.”
Business  LIU  Cline  Economics  inequalities  Power_in_America  career  jobs 
december 2018 by Jibarosoy
Cadillac House - New York City Gallery & Café | Cadillac
A public space for innovators, creators and the curious.
marketing  Business  newyork  nyc  Economics 
december 2018 by Jibarosoy
Want to Make Hunter-Gatherers Irrational? Expose Them to Free Markets - Big Think
A well-known example of irrational decision-making people's tendency to overvalue the things they own (I would pay $1 for a coffee mug but will demand $5 for an identical coffee mug that happens to be mine). This bias of "the mind" is called the "endowment effect" and is often assumed to be universal (and therefore explained as the work of evolution). But in this paper Coren Apicella, Eduardo Azevedo, James Fowler, and Nicholas A. Christakis found that some people and some minds don't have this bias at all. Rather than being built-in to human nature, they write, the endowment effect may be a habit of mind that people learn in market-oriented societies. If that's true, it means that (for this trait at least) the hunter-gatherers described in the research were more rational before they were exposed to modern capitalism.
Pol.11  Pol.12  Economics  SON  Power_materials  marketing  teaching_pol_theory 
december 2018 by Jibarosoy
Want to Make Hunter-Gatherers Irrational? Expose Them to Free Markets - Evonomics
Apicella et al. ran their experiment on 91 Hadza Bushmen, who are among the last hunter-gatherer groups on the planet. In northern Tanzania, where they live, eco-tourism has created an almost-perfect sounding “natural experiment” to test for the effects of contact with modernity, the authors write. This is because some Hadza live near a major road, and have become assimilated into the tourist trade. During the three or four month high season for the tours, 10-20 cars per week will stop at Hadza camps, sometimes hiring Hadza men to take the visitors on hunts. Hadza in this area now make more bows and arrows than they need, so they can sell them to tourists, and they often drop in to a nearby village to buy things with the money they’ve been paid by the tour guides. On the other hand, Hadza who don’t live near the road see very few tourists and aren’t involved in that economy at all.
Pol.11  Pol.12  SON  Economics  Power_materials  marketing  capitalism  teaching_pol_theory 
december 2018 by Jibarosoy
The Land That Failed to Fail - The New York Times
The students and researchers attending the Academic Symposium of Middle-Aged and Young Economists wanted to unleash market forces but worried about crashing the economy — and alarming the party bureaucrats and ideologues who controlled it.

Late one night, they reached a consensus: Factories should meet state quotas but sell anything extra they made at any price they chose. It was a clever, quietly radical proposal to undercut the planned economy — and it intrigued a young party official in the room who had no background in economics. “As they were discussing the problem, I didn’t say anything at all,” recalled Xu Jing’an, now 76 and retired. “I was thinking, how do we make this work?”
china  international  pol.639  Economics  marketing  economy  work  productivity  Power_in_America 
november 2018 by Jibarosoy
Americans aren’t moving to economic opportunity
Geographic mobility has important potential benefits for careers, wages, and economic opportunities. About half of moves in 2017 were for labor market reasons, and both intrastate and interstate moves are associated with higher earnings growth. Through job-switching, mobility can be an important driver of wage growth as workers transition to preferred matches. When workers, especially young workers, explore new options in more-distant locations, the economic payoffs tend to be large and positive.
immigration  movement  demographics  Travel  Economics  Business  employment  geography 
november 2018 by Jibarosoy
Guest Blogger: Mary Gross – Distrust and Greed | CUNY Games Network
When reading about the 1920s economy which culminated in the stock market crash of 1929, students are often dismayed. They think, “People were stupid.” They didn’t realize that what goes up always comes down. Discussing the 2008 market crash doesn’t help them develop empathy because they were in grade school and didn’t have stocks. To them, 2008 is only slightly less distant than 1929. To help them gain empathy with the people who created the conditions of market bubbles, I created the “Don’t Lose Your Marbles” game.
games  Simulations  teaching_pol_theory  Teaching  Power_materials  Economics 
november 2018 by Jibarosoy
(5) Politics - Quora
The Bottom Line -- It is difficult to avoid a conclusion based on measurable data that conservative governance as practiced in America suffers from a fundamental flaw. In nearly every metric examined, conservative governments have not performed as well as more liberal governments. Even in issues of fiscal governance, conservative governments have emphasized low taxes and low debt, but have not produced healthy economies, either before the Great Recession or in the recovery. For issues of social services, budgets have been cut most severely in conservative states, but this has not produced the desired economic benefit. On the contrary, liberal states have produced economies that are more vigorous and have demonstrated higher productivity.
Economics  Power_in_America  Trump  Business  politics 
october 2018 by Jibarosoy
Detailed New National Maps Show How Neighborhoods Shape Children for Life - The New York Times
For any government program or community grant that targets a specific place, this data proposes a better way to pick those places — one based not on neighborhood poverty levels, but on whether we expect children will escape poverty as adults.

That metric is both more specific and more mysterious. Researchers still don’t understand exactly what leads some neighborhoods to nurture children, although they point to characteristics like more employed adults and two-parent families that are common among such places. Other features like school boundary lines and poverty levels often cited as indicators of good neighborhoods explain only half of the variation here.
inequality  mapping  class  Education  housing  career  Economics  Power_in_America 
october 2018 by Jibarosoy
How Ants Solve the Inequality Problem - Evonomics
Followers beget followers.  The rich have access to more opportunities to build wealth, and so get richer.  Preferential attachment is a type of positive feedback loop. The question Barabasi poses about this loop is central to our understanding of inequality. “Is preferential attachment rooted in pure chance or in some form of optimization”? He tells us this question is still a matter of debate amongst scientists, but that the debate is starting to tip in favor of “by chance”.

“By chance” means questions of “fairness”, “skill” and “greed” are misplaced. Inequality just happens. It is a phase, an emergent property. This is not to wipe away fairness as a human value. Just the opposite; some of us want to achieve fairness. We can best do this by stripping inequality of its values baggage and laying bare its underlying dynamic. That way, perhaps, we can use our agency to tweak the system, bring it back to its fairer tendency.
inequality  Power_in_America  Economics  marketing  evolution  information  data 
september 2018 by Jibarosoy
Opinion | The Trump Doctrine Is Winning and the World Is Losing - The New York Times
Widening disparity of outcomes and fewer avenues of opportunity call the fundamental fairness of the current system into question. Terrible, costly mistakes like the Iraq war and the 2008 financial crisis destroyed the credibility of experts who are culpable for the failures but insulated from the consequences. And America’s allies celebrate the generosity of their social welfare systems and disparage ours, while spending less than America does to defend their countries.

These are all fair points, and they help explain the rise of Mr. Trump and the declining appreciation for a liberal order. But none of these things invalidates the importance of sustaining a system in which America benefits more than other geometries of order will permit.

Let’s review what, exactly, that order is. Beginning in the wreckage of World War II, America established a set of global norms that solidified its position atop a rules-based international system. These included promoting democracy, making enduring commitments to countries that share its values, protecting allies, advancing free trade and building institutions and patterns of behavior that legitimize American power by giving less powerful countries a say.
IPE  pol.639  international  Economics  Trump  Power_materials  colonialism  u.s. 
june 2018 by Jibarosoy
If the Robots Come for Our Jobs, What Should the Government Do? - The New York Times
This set of proposals is based on the idea that the emerging wave of digital disruption won’t result in a permanent loss of demand for workers, but rather shifts in what types of work the economy needs. It’s not unlike early 20th-century America’s shift from an agricultural economy to an industrial one, or its shift from an industrial to an information economy over the last half-century.

In this context, the goal is not to stymie that evolution, but to try to tilt the balance toward workers as the transition takes place. “We want a growing, robust economy,” Mr. Paul said. “We just need proper policies in place to ensure that workers don’t bear the burden of that transition.”

While these ideas are coming from a decidedly left-of-center place, it’s striking how some of them overlap with the goals of centrist business interests and even some conservative thinkers.
IPE  work  Technology  capitalism  Economics  coop  policy  Trump 
june 2018 by Jibarosoy
These Americans may suffer the most from a Trump hiring freeze - The Washington Post
Hundreds of thousands of blacks were able to ascend to the middle class through federal jobs, often attained through mentoring programs and a tight network of African American fraternities and sororities. In addition to nondiscriminatory hiring practices relative to the private sector, government jobs offered security, solid incomes and generous retirement benefits.

“Historically, there’s been no doubt that even before the Civil Rights movement, the black middle class has been built upon government employment, and no more so than in the Washington, D.C. area,” said Nelson Lichtenstein, a history professor at the University of California at Santa Barbara, where he leads the Center for the Study of Work, Labor and Democracy. “The freeze will disproportionately hurt African Americans. There is no doubt about that.”
Angelo  inequality  Latinos  Latinos_+_TW  racism  empowerment  Economics 
june 2018 by Jibarosoy
Origins of an Epidemic: Purdue Pharma Knew Its Opioids Were Widely Abused - The New York Times
But a copy of a confidential Justice Department report shows that federal prosecutors investigating the company found that Purdue Pharma knew about “significant” abuse of OxyContin in the first years after the drug’s introduction in 1996 and concealed that information.

Company officials had received reports that the pills were being crushed and snorted; stolen from pharmacies; and that some doctors were being charged with selling prescriptions, according to dozens of previously undisclosed documents that offer a detailed look inside Purdue Pharma. But the drug maker continued “in the face of this knowledge” to market OxyContin as less prone to abuse and addiction than other prescription opioids, prosecutors wrote in 2006.
Violence_y_Power  Business  Trump  Economics  capitalism  drugs 
may 2018 by Jibarosoy
Is Capitalism a Threat to Democracy? | The New Yorker
In Vienna, Polanyi had heard socialism dismissed as utopian, on the ground that no central authority could efficiently manage millions of different wishes, resources, and capabilities. In “The Great Transformation,” he swivelled this popgun around. What was utopian, he declared, was “the concept of a self-regulating market.” Human life wasn’t as orderly as mathematics, and only a goggle-eyed idealist would think it wise to lash people to a mechanism like the gold standard and then turn the crank. For most of human history, he observed, money and the exchange of goods had been embedded within culture, religion, and politics. The experiment of subordinating a nation to a self-adjusting market hadn’t even been attempted until Britain tried it, in the mid-eighteen-thirties, and that effort had required a great deal of coördination and behind-the-scenes management. “Laissez-faire,” Polanyi earnestly joked, “was planned.”
pol.639  IPE  political_economy  Economics  higher-education  Cline  Power_in_America  Violence_y_Power  Latino  war 
may 2018 by Jibarosoy
What Will Replace Outdated Left and Right Economic Thinking? The Commons Paradigm. - Evonomics
“insurgent narratives and projects are actually quite plentiful. Movements focused on climate justice, co-operatives, tradition towns, local food systems, alternative finance, digital currencies, peer production, open design and manufacturing, among others, are pioneering new post-capitalist models of peer governance and provisioning. While fragmented and diverse, these movements tend to emphasize common themes: production and consumption to meet household needs, not profit; bottom-up decisionmaking; and stewardship of shared wealth for the long term. These values all lie at the heart of the commons.”
pol.639  IPE  political_economy  honors  teaching_pol_theory  community  Economics  Latino  war  Leadership 
may 2018 by Jibarosoy
History’s Biggest Fraud - The Agricultural Revolution - Sapiens: A Brief History of Humankind - by Yuval Noah Harari
That tale is a fantasy. There is no evidence that people became more intelligent with time. Foragers knew the secrets of nature long before the Agricultural Revolution, since their survival depended on an intimate knowledge of the animals they hunted and the plants they gathered. Rather than heralding a new era of easy living, the Agricultural Revolution left farmers with lives generally more difficult and less satisfying than those of foragers. Hunter-gatherers spent their time in more stimulating and varied ways, and were less in danger of starvation and disease. The Agricultural Revolution certainly enlarged the sum total of food at the disposal of humankind, but the extra food did not translate into a better diet or more leisure. Rather, it translated into population explosions and pampered elites. The average farmer worked harder than the average forager, and got a worse diet in return. The Agricultural Revolution was history’s biggest fraud
SON  state  Economics  development  Pol.11 
april 2018 by Jibarosoy
Farmers assimilated foragers as they spread agriculture | Science News
Early farmers living in Sweden about 5,000 years ago carried genetic signatures of both farmers and hunter-gatherers, researchers report April 24 in Science. The findings suggest that migrating farmers bred with foragers, carrying more and more hunter-gatherer genes with them as they brought agriculture from the Middle East through Central Europe and into Scandinavia.

Not all of the foragers were brought into the farmers’ fold: At least some Scandinavian foragers resisted assimilation. These hunter-gatherers maintained a separate genetic identity and culture for at least 40 generations even though they lived only 400 kilometers from the Swedish farmers, Mattias Jakobsson, a population geneticist at Uppsala University in Sweden, and his colleagues found.
SON  state  Economics  development  Genetics  Pol.11 
april 2018 by Jibarosoy
From foraging to farming: the 10,000-year revolution | University of Cambridge
Recent evidence, however, has suggested that the first stirrings of the revolution began even earlier, perhaps as far back as 19,000 years ago. Stimulating this reinterpretation of human prehistory are discoveries by the Epipalaeolithic Foragers in Azraq Project (EFAP), a group of archaeologists and bioarchaeologists working in the Jordanian desert comprising University of Cambridge’s Dr Jay Stock, Dr Lisa Maher (University of California, Berkeley) and Dr Tobias Richter (University of Copenhagen).

Over the past four years, their research has uncovered dramatic evidence of changes in the behaviour of hunter-gatherers that casts new light on agriculture’s origins, as Dr Stock described: “Our work suggests that these hunter-gatherer communities were starting to congregate in large numbers in specific places, build architecture and show more-complex ritual and symbolic burial practices – signs of a greater attachment to a location and a changing pattern of social complexity that imply they were on the trajectory toward agriculture.”
Pol._11  Pol._202_Nation_State_  Violence_y_Power  SON  development  Economics 
april 2018 by Jibarosoy
Why we misunderstand capitalism – The Physics of Finance – Medium
Capitalism’s great power in creating prosperity comes from the evolutionary way in which it encourages individuals to explore the almost infinite space of potential solutions to human problems, and then scale up and propagate ideas that work, and scale down or discard those that don’t. Understanding prosperity as solutions, and capitalism as an evolutionary problem-solving system, clarifies why it is the most effective social technology ever devised for creating rising standards of living.
pol.639  capitalism  social  creativity  logic  Power_materials  Economics  IPE  political_economy 
march 2018 by Jibarosoy
Why Garbagemen Should Earn More Than Bankers - Evonomics
studies show that countries with more managers are actually less productive and innovative. In a survey of 12,000 professionals by the Harvard Business Review, half said they felt their job had no “meaning and significance,” and an equal number were unable to relate to their company’s mission. Another recent poll revealed that as many as 37% of British workers think they have a bullshit job.
Economics  inequality  jobs  higher-education  Power_in_America  Business  LIU 
march 2018 by Jibarosoy
Power Fluctuations and Political Economy
We study the constrained Pareto efficient allocations in a dynamic production economy in which the group that holds political power decides the allocation of resources. We show that Pareto efficient allocations take a quasi-Markovian structure and can be represented recursively as a function of the identity of the group in power and updated Pareto weights. For high discount factors, the economy converges to a first-best allocation in which labor supply decisions are not distorted and the levels of labor supply and consumption are constant over time (though there may be transfers from one group to another). For low discount factors, the economy converges to an invariant stochastic distribution in which distortions do not disappear and labor supply and consumption levels fluctuate over time. The labor supply of groups that are not in power are taxed in order to reduce the deviation payoff of the party in power and thus relax the political economy/sustainability constraints. We also show that the set of sustainable first-best allocations is larger when there is less persistence in the identity of the party in power. This result contradicts a common conjecture that there will be fewer distortions when the political system creates a "stable ruling group". In contrast, political economy distortions are less important when there are frequent changes in power (because this encourages compromise between social groups). Despite this result, it remains true that distortions decrease along sample paths where a particular group remains in power for a longer span of time.
pol.639  IPE  political_economy  state  Leadership  Power_materials  Violence_y_Power  Economics 
march 2018 by Jibarosoy
Capitalism Redefined : Democracy Journal
How can it be that great wealth is created on Wall Street with products like credit-default swaps that destroyed the wealth of ordinary Americans—and yet we count this activity as growth? Likewise, fortunes are made manufacturing food products that make Americans fatter, sicker, and shorter-lived. And yet we count this as growth too—including the massive extra costs of health care. Global warming creates more frequent hurricanes, which destroy cities and lives. Yet the economic activity to repair the damage ends up getting counted as growth as well.
capitalism  Economics  democracy  inequalities  Power_in_America  pol.639 
march 2018 by Jibarosoy
Nick Hanauer and Eric Beinhocker: Capitalism Redefined - Evonomics
If the true measure of the prosperity of a society is the availability of solutions to human problems, then growth cannot simply be measured by changes in GDP. Rather, growth must be a measure of the rate at which new solutions to human problems become available. Additionally, since problems differ in importance, a new view of growth also must take this into account; finding a universal flu vaccine is more important than creating a crunchier potato chip. But in general, economic growth is the actual experience of having one’s life improved. Going from fearing death from a sinus infection one day to having access to life-saving antibiotics the next is growth. Going from sweltering in the heat one day to living with air conditioning the next is growth. Going from walking long distances to driving is growth. Going from needing to go to a library to look up basic information to having all the information in the world instantly available to you on your phone is growth. (Obviously, some solutions, like air conditioning, may create other problems, like global warming. How to make the trade-offs between solutions and problems is one of the central challenges of any society—an issue we will return to later in this essay.)
pol.639  Economics  IPE  political_economy  inequalities  Power_materials  Political 
february 2018 by Jibarosoy
Two Cities, Two Countries, Common Ground - The New York Times
Economically, Nogales today still thrives on international commerce. It depends on the logistics and transportation services industry that supports maquiladoras in Sonora and on the import of produce, which makes up half of the Mexican vegetables and fruits consumed by Americans.

It also relies heavily on Mexican consumers — Nogales, Sonora, has 450,000 residents to its 20,000 — and those shoppers are coming over less and less. Mr. Urman said annual pedestrian crossings into Nogales, Ariz., have dropped to 2.7 million from 7.7 million in the past 10 years.

John Doyle, the mayor, said various factors have led to the decline, including the devaluation of the Mexican peso and increased wait times at the ports of entry because of heightened border security. Still, he said, President Donald Trump’s talk of building a longer and heavier border wall is of less concern to him and the mayor of Nogales, Sonora, than his roiling against international trade.
pol.639  international  Economics  political_economy  IPE  trade  Latinos_y_Eco_Crisis  Teaching 
february 2018 by Jibarosoy
How Hunter-Gatherers May Hold the Key to our Economic Future - Evonomics
“Imagine a society in which the work week seldom exceeds 19 hours, material wealth is considered a burden, and no one is much richer than anyone else”, gushed Time Magazine in an editorial about the Bushmen in November 1969, “The people are comfortable, peaceable, happy and secure…This Elysian community actually exists.”
SON  state  Economics  capitalism  Power_materials  Violence_y_Power  pol.639  Pol._11 
february 2018 by Jibarosoy
Millions of ordinary Americans support Donald Trump. Here's why | Thomas Frank | Opinion | The Guardian
Trade is an issue that polarizes Americans by socio-economic status. To the professional class, which encompasses the vast majority of our media figures, economists, Washington officials and Democratic powerbrokers, what they call “free trade” is something so obviously good and noble it doesn’t require explanation or inquiry or even thought. Republican and Democratic leaders alike agree on this, and no amount of facts can move them from their Econ 101 dream.

To the remaining 80 or 90% of America, trade means something very different. There’s a video going around on the internet these days that shows a room full of workers at a Carrier air conditioning plant in Indiana being told by an officer of the company that the factory is being moved to Monterrey, Mexico, and that they’re all going to lose their jobs.
Trump  GOP  Economics  inequality  Passions  reasoning  Power_in_America  trade  class  politics 
february 2018 by Jibarosoy
Blog: The business of moral capitalism
Laws here mean something. When you put your money into this economy, you’re counting on the fact that the law treats everyone equally. Without that … with a thing that happens, like the immigrant visa ban, where a lawful permanent resident of the United States can be banned from coming here — and yes it’s been walked back —but when that happens, without recourse to Congress of the courts, then a stock or a bond is just a piece of paper. And that is just bad for the entire capitalist system that this country has been developed on. And I don't know where we go with that.
capitalism  law  pol.639  Pol._185  political_economy  IPE  Power_in_America  Economics  politics 
february 2018 by Jibarosoy
Trump’s Speech Leaves Two Sides Further Apart Than Ever on Immigration - The New York Times
For years, immigration advocates have defined hundreds of thousands of young people brought to the country illegally as children by the sympathetic term “Dreamers.” Long irritated by the rhetorical branding, President Trump finally came up with his own rejoinder: “Americans are Dreamers, too.”

The point was to shift the terms of the polarizing immigration debate and reinforce the argument that those born in the United States or living here legally deserve sympathy as well. But if Mr. Trump believed the line in his State of the Union address would help bring the sides together for the bipartisan agreement he says he seeks, he received little encouragement on Wednesday. The two sides appeared further apart than ever.
Trump  Latinos  Latino_Leadership  immigration  Economics  GOP  policy  Power_in_America 
february 2018 by Jibarosoy
Constitutional Debate in Mexico: The Experience of Iturbide's Empire (1821-1823) | Panoramas
Mexico is a country with a rich constitutional history.[1] The first constitution enacted in Mexican territory -when it was still called New Spain- was the 1812 Spanish Constitution. In 1814, insurgent rebels published their own rival constitution in Apatzingán (in the present day state of Michoacán). Once Mexico achieved independence in 1821, political debate assumed that the first challenge for the new nation was the drawing up of constitution. Between 1821 and 1823 these discussions were carried out within the context of the Mexican Empire and the government of Agustín de Iturbide, first as regent and later as emperor. After Iturbide’s fall in 1823, plans for a republican constitution were developed. This led to the 1824 Federal Constitution. This text quickly became discredited and was replaced with the Seven Laws in 1836. A further constitution – the Bases Orgánicas- was produced in 1843 but was as unsuccessful as its predecessors. In 1847, the Federal Constitution was re-enacted with a number of important reforms, but did not survive many years. During the 1850s and 1860s political rivalry over the constitution led to civil war and culminated in the French Intervention of 1863. After the French defeat, the liberal project: the Federal Constitution of 1857 was re-established and became the first Mexican constitution to enjoy almost complete legitimacy among the political elite. The Revolution at the beginning of the twentieth century led to the reform of this Constitution and its subsequent transformation into the 1917 Constitution, soon to reach its first centenary.
pol.639  constitution  Mexico  state  IPE  Power_materials  Economics  political_economy 
january 2018 by Jibarosoy
The Soviet Union: From farm to factory. Stalin’s Industrial Revolution | Nintil
In 1922, the relatively young Soviet Union was a relatively poor country recently afflicted by a civil war and a revolution. After the Second World War, the USSR was a superpower capable of stopping Germany’s Wehrmacht on its tracks[1]. What happened there?

Good analysis of the data...

Given the title, it won’t come up as a surprise that Stalin happened. This post will analyse the impact of Stalin on Soviet growth, beginning with a presentation of some statistics regarding Stalin’s achievements, then some theory of how that growth was achieved, then some discussion about that. We will mostly draw from Robert Allen’s From Farm to Factory initially, and then discuss later work. This post assumes that you have read the book. A summary of it can be found in Allen (2005), read it first just in case.
pol.639  IPE  ussr  state  Economics  Planning  Violence_y_Power  Power_materials 
january 2018 by Jibarosoy
The resource contribution of agriculture in the Soviet Union
The idea of industrialisation supported by a government transfer of resources from agriculture owes much to Russian and Soviet history. In the nineteenth century, Imperial government officials stressed the role of agriculture in supplying food for the urban population, taxes to pay for government support of the industrial sector and exports to pay for industrial technology from abroad. Populist critics stressed the extent to which government was buying industrial modernisation at the expense of peasant sacrifice and agricultural stagnation.
pol.639  ussr  Economics  state  Leadership  communism  Violence_y_Power  IPE 
january 2018 by Jibarosoy
Collectivization and Industrialization in the Soviet Union
In November 1927, Joseph Stalin launched his “revolution from above” by setting two extraordinary goals for Soviet domestic policy: rapid industrialization and collectivization of agriculture. His aims were to erase all traces of the capitalism that had entered under the New Economic Policy and to transform the Soviet Union as quickly as possible, without regard to cost, into an industrialized and completely socialist state.

Stalin's First Five-Year Plan, adopted by the party in 1928, called for rapid industrialization of the economy, with an emphasis on heavy industry. It set goals that were unrealistic—a 250 percent increase in overall industrial development and a 330 percent expansion in heavy industry alone. All industry and services were nationalized, managers were given predetermined output quotas by central planners, and trade unions were converted into mechanisms for increasing worker productivity. Many new industrial centers were developed, particularly in the Ural Mountains, and thousands of new plants were built throughout the country. But because Stalin insisted on unrealistic production targets, serious problems soon arose. With the greatest share of investment put into heavy industry, widespread shortages of consumer goods occurred.

The First Five-Year Plan also called for transforming Soviet agriculture from predominantly individual farms into a system of large state collective farms. The Communist regime believed that collectivization would improve agricultural productivity and would produce grain reserves sufficiently large to feed the growing urban labor force. The anticipated surplus was to pay for industrialization. Collectivization was further expected to free many peasants for industrial work in the cities and to enable the party to extend its political dominance over the remaining peasantry.

Stalin focused particular hostility on the wealthier peasants, or kulaks. About one million kulak households (some five million people) were deported and never heard from again. Forced collectivization of the remaining peasants, which was often fiercely resisted, resulted in a disastrous disruption of agricultural productivity and a catastrophic famine in 1932–33. Although the First Five-Year Plan called for the collectivization of only twenty percent of peasant households, by 1940 approximately ninety-seven percent of all peasant households had been collectivized and private ownership of property almost entirely eliminated. Forced collectivization helped achieve Stalin's goal of rapid industrialization, but the human costs were incalculable.
pol.639  development  industrial  marxism  IPE  state  Economics  Violence_y_Power 
january 2018 by Jibarosoy
These 3 Everyday Products Show Who Won and Lost From Nafta - The New York Times
The North American Free Trade Agreement may not be a topic of frequent discussion in your household, but the trade pact probably plays a big role in your daily life.

From the clothes you wear to the food you eat and the car you drive, many everyday products traveled on winding journeys across international borders before landing in your closet, your refrigerator or your driveway.

Many of their paths are set by Nafta, a 24-year-old agreement that President Trump has called a “disaster.” The president pledged to withdraw from the pact entirely if Canada and Mexico don’t agree to his demands to reshape the agreement.

Nafta has had a profound effect on the three countries. It has encouraged United States companies to expand across the continent by abolishing the tariffs charged on products moving across borders. It has strengthened some industries, and hollowed out others.
pol.639  political_economy  state  Trump  Economics  Business  Business_and_Finance 
january 2018 by Jibarosoy
International Political Economy Debates at the U. of Warwick, UK
The IPE Cluster represents a wide range of expertise in PAIS that supports its longstanding and global reputation in IPE. It brings together scholars undertaking cutting-edge research in a variety of conceptual and thematic areas within IPE - see 'Research Themes & Publications' for more information.

The Cluster also contains regional and country-specific expertise, including scholars working on Europe; East, Southeast and South Asia; and on the United Kingdom; South Africa; India; Turkey and Mexico.
pol.639  IPE  international  political_economy  state  Economics  Political  Violence_y_Power 
january 2018 by Jibarosoy
The Effect of the Tse Tse Fly on African Development
The TseTse y is unique to Africa and transmits a parasite harmful to humans and lethal to livestock. This paper tests the hypothesis that the TseTse reduced the ability of Africans to generate an agricultural surplus historically. Ethnic groups inhabiting TseTse-suitable areas were less likely to use domesticated animals and the plow, less likely to be politically centralized, and had a lower population density. These correlations are not found in the tropics outside of Africa, where the y does not exist. The evidence suggests current economic performance is affected by the TseTse through the channel of precolonial political centralization.
pol.639  IPE  international  political_economy  Economics  state  geography  Power_materials 
january 2018 by Jibarosoy
Why Nations Fail - Wikipedia
Why Nations Fail: The Origins of Power, Prosperity, and Poverty, first published in 2012, is a non-fiction book by Turkish-American economist of Armenian descent Daron Acemoglu from the Massachusetts Institute of Technology and British political scientist James A. Robinson from the University of Chicago.

The book applies insights from institutional economics, development economics and economic history to understand why nations develop differently, with some succeeding in the accumulation of power and prosperity and others failing, via a wide range of historical case studies.

The authors also maintain a website (with a blog inactive since 2014) about the ongoing discussion of the book.
pol.639  IPE  international  capitalism  state  Economics  politics  revolution 
january 2018 by Jibarosoy
Reply to Acemoglu and Robinson’s Response to My Book Review — Jeffrey Sachs
Daron Acemoglu and James Robinson (AR) have replied to my review of Why Nations Fail that appeared in Foreign Affairs.  I thank them for their response, even if their tone was a bit surprising.  My initial review of their book was for a general readership, so I stayed away from the journal articles on which the book is based.  Their response provides the opportunity to delve more deeply into these underlying studies.
pol.639  IPE  Economics  development  Power_materials  state  capitalism 
january 2018 by Jibarosoy
Millennials Are Screwed - The Huffington Post
We’ve all heard the statistics. More millennials live with their parents than with roommates. We are delaying partner-marrying and house-buying and kid-having for longer than any previous generation. And, according to The Olds, our problems are all our fault: We got the wrong degree. We spend money we don’t have on things we don’t need. We still haven’t learned to code. We killed cereal and department stores and golf and napkins and lunch. Mention “millennial” to anyone over 40 and the word “entitlement” will come back at you within seconds, our own intergenerational game of Marco Polo.
inequality  millennials  Power_in_America  Economics  jobs  work  housing  Latinos_y_Eco_Crisis 
january 2018 by Jibarosoy
Permits Filed for High-Rise at 61 DeKalb Avenue, Downtown Brooklyn - New York YIMBY
A new high-rise could be coming right next to the future supertall at 9 DeKalb Avenue. Permits have been filed for a 34-story residential building and parking garage at 61 DeKalb Avenue, on Long Island University’s campus in Downtown Brooklyn. The site is just a handful of blocks away from the A, B, C, D, G, Q, R, 2 3, 4, and 5 train, giving it near-immediate access to the rest of the city. Also in the neighborhood is NYU’s growing Brooklyn campus. LIU will be responsible for development.
LIU  real-estate  Economics  Brooklyn  Cline  academia  faculty 
january 2018 by Jibarosoy
How Cutting Taxes Makes Life Worse for the Rich - The New York Times
The American tax system is indeed deeply dysfunctional. But the consensus among tax-policy economists from both sides of the political aisle is that the proposals under consideration are not the reforms we need. Rate cuts for top earners would greatly increase budget deficits and do little or nothing to spur growth. Others have objected that they would make a skewed income distribution even more unequal. Fair points all.

But elections have consequences, and Republicans have never hidden their desire to cut taxes. They now have the power to do so.

But it would be a mistake to exercise that power. Tax cuts for the wealthy would not alter the supply of special things to be had. And by increasing government deficits substantially, they would degrade our infrastructure in ways that would harm even the ostensible beneficiaries of those cuts.

In short, cutting taxes for the wealthy is a losing proposition — even for the wealthy.
tax  Economics  inequality  Power_in_America  GOP  Trump  Business 
january 2018 by Jibarosoy
The Invisible Hook: How Pirate Society Proves Economic Self-Interest Wrong - Evonomics
Here are some of the facts about pirate society that cry out for an explanation. Famous for their barbarism toward their victims, it is easy to assume that pirates must also be barbarous among themselves, but nothing is further from the truth. Most pirate societies were scrupulously democratic. They voted on who was to be their captain and were quick to vote him out if he didn’t perform. They limited the authority of their captain to battle situations and elected another officer, the Quartermaster, to oversee the daily round of life on board. The Captain and Quartermaster received a mere two shares of captured booty, compared to 1 share for each member of the crew. A significant proportion of pirate crews were black and while some were slaves, others were treated as equals. Pirates created an insurance system for themselves with an agreed upon payment for the loss of each body part.
Violence_y_Power  Pol.11  Economics  evolution  Groups  Power_materials  Passions 
december 2017 by Jibarosoy
About Richard D. Wolff Blog
Over the last twenty five years, in collaboration with his colleague, Stephen Resnick, he has developed a new approach to political economy. While it retains and systematically elaborates the Marxist notion of class as surplus labor, it rejects the economic determinism typical of most schools of economics and usually associated with Marxism as well. This new approach appears in several books co-authored by Resnick and Wolff and numerous articles by them separately and together. Common to all of Professor Wolff’s work are two central components. The first is the introduction of class, in its elaborated surplus labor definition, as a new "entry point" of social analysis. The second is the concept of overdetermination as the logic of an analytic project that is consistently non-determinist. Professor Wolff was also among the founders in 1988 of the new academic association, Association of Economic and Social Analysis (AESA), and its quarterly journal Rethinking Marxism.
blog  marxism  political_economy  Economics  Teaching  Pol_639 
december 2017 by Jibarosoy
The Historical Lessons of Lower Tax Rates | The Heritage Foundation
The conservative argument only works by ignoring actual history. Each of these tax cuts produced "growth" and increased revenue for reasons not connected to cuts. Hoover's was because the economy rapidly automated. Kennedy's because consumption shot up after the 1950s. Reagan's because he imposed higher taxes after cutting them.
tax  GOP  finances  conservative  Economics  Business_and_Finance 
december 2017 by Jibarosoy
A Typhoon of Modern Wealth - FuzePlay
Let us get reacquainted as a nation, but as people first. Let us look with excitement at the opportunity to collaborate and trade with new friends to the North and to the South, and across the oceans to our East and to our West. There is a fight for global dominance and our future will not be without struggle. We are lucky our American heritage comes with the vantage point it does. May we continue productively pursuing our passions and seek opportunities that bridge our good fortune with that of others. Economists have proven that more ‘we’ and less ‘I’ results in us all being more well off.
Keynesism_y_Globalization  Economics  Trump  nations  Passions  reasoning  Violence_y_Power  state 
december 2017 by Jibarosoy
No Wonder Millennials Hate Capitalism - The New York Times
Millennials, a generation maligned as entitled whiners, would be particularly hard hit. As Ronald Brownstein argued in The Atlantic, the rich people who would benefit from the measures passed by the House and the Senate tend to be older (and whiter) than the population at large. Younger people would foot the bill, either through higher taxes, diminished public services or both. They stand to inherit an even more stratified society than the one they were born into.
capitalism  tax  inequality  GOP  Trump  Power_in_America  Economics 
december 2017 by Jibarosoy
Tax Plan Aims to Slay a Reagan Target: The Government Beast - The New York Times
But there is more strategic vision than is immediately evident. The plan to starve the beast of government by depriving it of money, it seems, is back in the saddle. This time around it might succeed where Reagan failed: Barring taxpayers from deducting state and local income taxes and limiting the property taxes they can deduct on their federal returns, the Republican bills could, for the first time, force high-tax states run by Democrats to capitulate.
state  GOP  finances  Economics  Power_in_America  inequality  class 
december 2017 by Jibarosoy
Starting the Conversation: The Economics of a Universal Basic Income - Roosevelt Institute
In the paper, we examine three versions of a UBI: $1,000/month for all adults, $500/month for all adults, and a $250/month child allowance. The headline result is that the model predicts that if we funded a UBI without raising taxes, GDP would grow—an eye-catching 12.56%, in the case of the full $1,000/month UBI. The model also predicts that even in tax-financed UBI scenarios, the economy would grow (because we incorporated the assumption that an extra dollar going to a poorer household is more likely to be spent rather than saved, something wonks call “the marginal propensity to consume.”) Dylan Matthews at Vox did a great job of explaining all of the results, so we won’t go further here, but it is worth reading his piece and the paper itself for the detail.
Economics  inequality  Power_in_America  government_benefits  Trump  GOP 
december 2017 by Jibarosoy
Microbe economics is ruthless and exploitative | Cosmos
Eric Libby of the Santa Fe Institute, US, describes how multi-species microbial communities effectively trade or compete for commodities. In the economies that thus emerge, there are winners and losers in terms of inter-species interaction – some microbes are effectively exploited by others – and the outcomes can affect the growth of each community as a whole.

Libby and his team identify a number of paradoxes that arise from species interaction. In the microbial world, it seems, the free market can be brutal.

The economies arise because microbes produce most of the metabolic resources they need to survive. Due to the fact that they have permeable cell walls, however, a proportion of those in-house resources leak out into the open world, where they are available for use by other species.

The other species can then adapt to exploit these ready-made resources and free themselves from the tasks of manufacturing them. At the same time, of course, the first species in this example can also take advantage of different resources spilling out from others.
Economics  biology  Science  marketing  Business_and_Finance  philosophy  LIUBLC 
november 2017 by Jibarosoy
Report: Supply of pharmacists outnumbers jobs | Drug Topics
The nationwide supply of pharmacists has exceeded the number of available jobs, according to a monthly analysis by the Pharmacy Workforce Center (PWC).

PWC’s analysis found an Aggregate Demand Index (ADI) of 2.96 for November 2015, which was down from October 2015 (3.43) and down from November 2014 (3.40).

Editor’s Choice: Do new pharmacists face a joblessness crisis?

An ADI below 3 indicates more pharmacists than available jobs, while an ADI above 3 indicates more jobs than available pharmacists. The report revealed that more than half of the United States had a surplus of pharmacists in November 2015.
career  jobs  economy  Business  Economics  higher-education  LIU 
october 2017 by Jibarosoy
Pharmacists : Occupational Outlook Handbook: : U.S. Bureau of Labor Statistics
The number of pharmacy schools has grown in recent years, creating more pharmacy school graduates and therefore more competition for jobs. Students who choose to complete a residency program gain additional experience that may improve their job prospects. Certification from the Board of Pharmacy Specialties or as a Certified Diabetes Educator also may be viewed favorably by employers.
career  jobs  economy  Economics  Business  Core  higher-education 
october 2017 by Jibarosoy
Pharmacists : Occupational Outlook Handbook: : U.S. Bureau of Labor Statistics
Employment of pharmacists is projected to grow 3 percent from 2014 to 2024, slower than the average for all occupations. Increased demand for prescription medications will lead to more demand for pharmaceutical services. Employment of pharmacists in traditional pharmacies is projected to decline slightly
career  Core  higher-education  jobs  Business  Economics  economy 
october 2017 by Jibarosoy
Millennials are killing list - Business Insider
Millennials' preferences are killing dozens of industries.

There are many complex reasons millennials' preferences differ from prior generations', including less financial stability and memories of growing up during the recession.

"I think we have got a very significant psychological scar from this great recession," Morgan Stanley analyst Kimberly Greenberger told Business Insider.
Economics  economy  marketing  Family 
august 2017 by Jibarosoy
Automation, Trade, and Urbanization
This study highlights divergence in regional economic performance and the impact on households and communities, which necessitates an urgent call to research and policy analysis. The executive summary provides an overview of key points, and the appendix shows larger regional maps of county-level data for all 50 states. Data on which jobs will be off-shored and automated. Downloadable data spreadsheet
Economics  jobs  higher-education  LIU  Core  Education  inequality  data 
august 2017 by Jibarosoy
Finding a Home: Latino Residential Influx into Progress Village, 1990-2010
This project is a case study of Latino migration into a small historically Black residential community. This work examines a plethora of sources ranging from newspaper articles (New York Times, Sun Sentinel, Progress Village Pioneer, etc.), scholarly articles, government data (U.S. Census), and primary research in the form of survey data and interviews from current Latino residents. All these sources are incorporated to argue that evolving federal immigration policies, shifting migration patterns, and economic factors (affordable housing and employment) all played a vital role in this recent and ongoing influx. This research adds to the existing scholarship of Latino migration in the U.S. by demonstrating how small predominantly African American communities like Progress Village are diversified by all these factors.
Latinos_+_TW  Latinos  immigration  housing  community  Power_in_America  Economics  Hayduk 
july 2017 by Jibarosoy
Immigrant small businesses in NY - Fiscal Policy Institute
In a city where immigrants make up more than a third of the total population, it is no surprise that immigrant businesses play an important role in the city’s economy. But it is perhaps surprising the extent: immigrants make up almost half of all small business owners in New York City. There are 69,000 immigrant small business owners living in the city, making up 48 percent of the total, according to a new Fiscal Policy Institute analysis of 2009 five-year American Community Survey data (a multi-year sample from 2005-2009).
data  Economics  Latinos_+_TW  immigration  nyc  QUEENS  Hayduk 
july 2017 by Jibarosoy
The Koch brothers were supposed to buy the 2016 election. What happened?
Among other things, Donald Trump happened. If the Kochs are the poster children for the supposedly corrupting role of money in politics in a post–Citizens United world, Trump demonstrates that money isn’t everything. Running on a shoestring budget, he vanquished Koch-friendly candidates like Scott Walker, Jeb Bush, and Marco Rubio by railing against immigration, free trade, and pretty much everything else the Kochs hold dear. To two brothers who think long and hard about the effectiveness of every dollar they spend, spending money on electoral politics is no longer looking like such a great investment.
Power_in_America  Power_materials  Hayduk  Economics  inequality  libertarian  GOP  government 
july 2017 by Jibarosoy
A Future Beyond Capitalism, Or No Future At All | Portside
Because let’s be clear: That’s what capitalism is, at its root. That is the sum total of the plan. We can see this embodied in the imperative to grow GDP, everywhere, year on year, at a compound rate, even though we know that GDP growth, on its own, does nothing to reduce poverty or to make people happier or healthier. Global GDP has grown 630% since 1980, and in that same time, by some measures, inequality, poverty, and hunger have all risen.

Just look at the recent case involving American Airlines. Earlier this year, CEO Doug Parker tried to raise his employees salaries to correct for “years of incredibly difficult times” suffered by his employees, only to be slapped down by Wall Street. The day he announced the raise, the company’s shares fell 5.8%. This is not a case of an industry on the brink, fighting for survival, and needing to make hard decisions. On the contrary, airlines have been raking in profits. But the gains are seen as the natural property of the investor class. This is why JP Morgan criticized the wage increase as a “wealth transfer of nearly $1 billion” to workers. How dare they?
capitalism  Economics  inequality  Power_materials  marxism  teaching_pol_theory  Pol.11 
july 2017 by Jibarosoy
Immigration and the New Racial Diversity in Rural America
This article highlights the new racial and ethnic diversity in rural America, which may be the most important but least anticipated population shift in recent demographic history. Ethnoracial change is central to virtually every aspect of rural America over the foreseeable future: agro-food systems, community life, labor force change, economic development, schools and schooling, demographic change, intergroup relations, and politics. The goal here is to plainly illustrate how America’s racial and ethnic transformation has emerged as an important dimension of ongoing U.S. urbanization and urbanism, growing cultural and economic heterogeneity, and a putative “decline in community” in rural America. Rural communities provide a natural laboratory for better understanding the implications of uneven settlement and racial diversity, acculturation, and economic and political incorporation among Hispanic newcomers. This article raises the prospect of a new racial balkanization and outlines key impediments to full incorporation of Hispanics into rural and small town community life. Immigration and the new ethnoracial diversity will be at the leading edge of major changes in rural community life as the nation moves toward becoming a majority-minority society by 2042.
Latino  Latinos  Latino_achievements  Hayduk  demographics  Economics  Political  politics 
july 2017 by Jibarosoy
This Fun Chart Tool Shows How Your City Has Changed Since the '90s - CityLab
The report provides comprehensive evidence for Aaron Renn's "new donut" model of cities (pictured in above image, on the right). Renn's model proposes that city centers and outer-ring suburbs are doing well economically, but inner-ring suburbs are struggling with a new influx of poverty. Juday's analysis shows one reason the urban cores have revived is they're attracting a younger, richer, and more educated population.
Urban  Economics  inequality  segregation  NYC_politics  Power_in_America  housing 
july 2017 by Jibarosoy
College Scorecard Data on all U.S. universities
Download the data that appear on the College Scorecard, as well as supporting data on student completion, debt and repayment, earnings, and more. The files include data from 1996 through 2016 for all undergraduate degree-granting institutions of higher education.
This data was last updated on January 13th, 2017. Our Change Log describes the changes to the dataset over time.
data  database  LIU  Higher_education  Education  work  Economics 
june 2017 by Jibarosoy
Modern Political Theory
During the Thirty Years War (1618-48), a conflict largely between Catholics and Protestants, approximately one-fifth of the population of the Holy Roman Empire died. One of the great questions of modern political thought is how to transmute militant religiosity into pacific pursuits—how to make captains of war, in one formulation, into captains of industry. In this course, we consider how modern political philosophers justified and criticized capitalism. A goal is to gain insight on contemporary debates about religion, capitalism, and politics.
The course sets up a dialogue between profound defenders and critics of capitalism, using a historical framework presented by Albert Hirschman in The Passions and the Interests. We begin by examining how one of the leading thinkers of the Scottish Enlightenment, Adam Smith, draws a connection between moral philosophy and economics in The Theory of Moral Sentiments and The Wealth of Nations. Next, we consider how the eighteenth-century Swiss philosopher, Jean-Jacques Rousseau, condemns the moral corruption of modern civilization in the Discourses and promotes radical democracy in The Social Contract. Then, we show how Karl Marx radicalizes Rousseau’s vision in his philosophical, political, and economic writings and Max Weber argues that Protestantism gave birth to capitalism. Milton Friedman, in Capitalism and Freedom, defends capitalism’s role in a free society, and William E. Connolly considers the possibility of eco- capitalism in Capitalism and Christianity, American Style.
state  economics  Behavioral_economics  theory  political_theory  Passions 
december 2016 by Jibarosoy
Retraining Our Desires: How to Be Happy in the Coming Robot Age | Big Think
Refinement of social arts is also a crucial aspect of intangible culture. When I lived in China, I glimpsed a post-labor world. Since the 1950s, Chinese men have been able to retire at age 60 (sometimes 55) and women can retire at age 50. What do all these able-bodied pensioners do with their free time? They gather daily in the local parks — spending time together, trading stories, singing in impromptu choirs, dancing, smoking, playing musical instruments, doing calligraphy, drinking tea, and enjoying the rich social currency of friendship. They have adapted well to life after work. Their pleasures are cheaply bought, but richly savored.
economics  economy  work  Entertainment_and_Lifestyles  power_materials 
december 2016 by Jibarosoy
The Essential Hirschman
Complete book of Hirschman's essays...
"Hirschman’s prose is ever full of reminders that some basic insights came from a day and age in which the human scientist was free of the modern academy’s disciplines— which is why he had such an a ection for reading, rereading, and citing the classics. e experience of reading Hirschman is frequently to feel poised before a whole tradition of humanistic thought. As the twentieth century unfolded, fewer and fewer intellectuals were able to summon its breadth; our social sciences became increasingly carved into walled prov- inces called “disciplines.” Crossing them now o en seems forced or heavy handed—which is one reason why Hirschman’s ability to move across the frontiers of knowledge appear so e ortless, almost natural. "
state  economy  latino  war  proposal  power_materials  leadership  democracy  economics  latino_war 
december 2016 by Jibarosoy
Students and Faculty Complain of Dirty Deeds Done Dirt Cheap at LIU New Janitorial Provider Now on Defense as Campus Cleanliness Declines : Seawanhaka Press | LIU Brooklyn
The decline in campus cleanliness, critics say, began when LIU signed a contract with the Yonkers-based provider A&A Maintenance. According to Gale Stevens Haynes, LIU’s chief operating officer and vice president of academic affairs, that contract was finalized in early Sept., at a time when the campus was largely distracted by the faculty lockout at the start of the semester. Asked why a contract was signed with A&A, Haynes tells Seawanhaka, “We wanted to outsource efforts and partnering having expertise that we do have.” A Seawanhaka reporter attempted to interview an official with A&A Maintenance, but was waived away from doing so. Very little is known about A&A, beyond what has been published about the company online. Founded in 1973, the company provides cleaning services in facilities in seven states nationwide and has a workforce of 3,500 people. The company’s Facebook page is virtually non-existent and its Twitter page has not been in operation for the past four years. “What happens in the bathroom….stays in the bathroom,” the company stated in one of its last tweets in the winter of 2012
LIU  higher  education  economics  Cline  neo-liberalism 
november 2016 by Jibarosoy
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