asterisk2a + microeconomics   59

BBC News on the North South Divide with Tom Hunt - YouTube
multiplier effect of service sector job = 1 or lower. meaning need to access tax credits. //&! Northern Powerhouse dept to close Sheffield office and move 247 jobs to London. - Government business department shuts largest non-London office George Osborne’s ‘northern powerhouse’ policy questioned as branch closure in Sheffield casts doubt on chancellor’s pledge to revitalise English cities - bit.ly/1PDlgSA // also northern councils have to cut deeper than souther because of lower tax base!
Northern  Powerhouse  UK  Scotland  Westminster  London  George  Osborne  Devolution  job  creation  Service  Sector  Jobs  microeconomic  policy  macroeconomic  policy  knowledge  economy  knowledge  worker  transferring-wealth  transfer  payments  income  distribution  income  redistribution  low  income  low  pay  precarious  work  Precariat  part-time  recovery  GFC  Manufacturing  STEM  productivity  output  gap  macroeconomics  microeconomics  nasty  party  Conservative  David  Cameron  Toff  Establishment  post  code  lottery  health  inequality  inequality  Gini  coefficient  social  mobility  income  mobility  wealth  distribution  Privileged  education  policy  apprenticeships  vocational  education  austerity  Council  Public  Services  Services  SNP  Scotland  Bill  Fiscal  Framework  fairness  Generationengerechtigkeit  structural  unemployment  PR  spin  doctor  Positioning 
january 2016 by asterisk2a
Yes, there is one great contribution men can make to feminism: pick up a mop | Helen Lewis | Opinion | The Guardian
[ unpaid, unaccounted labour = no statistics ] Our society – and capitalism at large – depends on the unpaid labour of women. But there’s evidence that our gendered assumptions are hurting men too
feminism  feminist  inequality  microeconomics  macroeconomics  GDP  shadow  economy  maternity  leave  paternity  leave  kindergarten  parenting 
january 2016 by asterisk2a
Homelessness figures: Nearly 100,000 children in England 'homeless' - BBC News
Nearly 100,000 children in England are living in temporary accommodation after being made homeless, new figures show. // &! More & more student start work after graduation in low pay jobs not requiring a diploma, due to current job market/job creation situation in UK! Not hitting 21k repayment threshold - bbc.in/1OU0K3H - OBR show fewer are likely to start paying than was expected when the policy was introduced, [...] freezing the loan repayment threshold - alongside other changes such as replacing maintenance grants for poorer students with loans - will significantly increase the cost of going to university. It says this risks undermining pledges by successive governments to improve social mobility, as well as raising uncertainty in students' minds over the terms of their borrowing. //&! Higher education cuts 'risk NI being left behind' - bbc.in/1gZMrgj //&! Doctors warn Tories not to cut free school meals (child poverty, food poverty) bbc.in/1LewQrn
UK  property  bubble  Supply  and  Demand  Demand  and  Supply  affordable  housing  social  housing  Gini  coefficient  Generationengerechtigkeit  generation  rent  poverty  trap  child  poverty  food  poverty  austerity  Policy  Makers  dogma  ideology  neoliberalism  neoliberal  Tories  Conservative  Party  housing  market  Crisis  housing  benefit  benefits  welfare  state  social  safety  net  bank  bailout  fairness  social  cohesion  minority  constituency  error  folly  babyboomers  social  tension  Toff  Establishment  Privileged  Entitlement  general  election  2015  election  campaign  promises  Help  to  Buy  Scheme  excess  reserves  mortgage  market  Buy-to-Let  Right  to  Buy  Buy  to  Wall  Street  shareholder  value  profit  maximisation  inequality  Funding  for  Lending  Scheme  macroprudential  macroeconomic  microeconomics  disposable  income  discretionary  spending  debtoverhang  household  debt  recovery  2015  consumer  debt  debt  servitude  private  debt  Payday  Loans  Student  Loan  Millennials  generationy  secular  stagnation  low  income  prevention  job  security  job  market  labour  market  Niedriglohnsektor  Service  Sector  Jobs  job  creation  income  mobility  social  mobility  downward  mobility  precarious  work  Precariat  working  poor  University  vocational  education  professional  education  Maintenance  Student  Maintenance  child  Allowanc 
september 2015 by asterisk2a
America's Highways Need That Trillion Dollars Congress Already Spent - YouTube
transportation (all kinds), internet, phone lines, cable, energy (smart grid), water, --- cost increase w worse infrastructure to do business. whether its commuting times (chronic stress for workers - thus increased aggregate health care bill and increased sick days) & congestion, air water pollution (public health), car/truck maintenance cost, no bike lanes (public health), lost productivity due to energy outages, slow internet ...
USA  infrastructure  investment  underinvestment  competitive  competitiveness  infrastructure  globalization  globalisation  Smart  Grid  microeconomic  policy  macroeconomic  policy  macroprudential  policy  macroeconomics  microeconomics 
september 2015 by asterisk2a
Zero hour contracts | Economics Help
41% of people on a zero hour contract job – wish to gain a replacement job, additional job or more hours in current job. This compares to just 12% of people not on a zero hour contract. Supporters argue zero hour contracts have helped to increase labour market flexibility, reduce unemployment and reduce costs for firms. For some workers, the job flexibility is advantageous. However, the rise of zero hour contracts have increased the phenomena of under-employment – where people have a job, but less hours and income than they would like. Critics argue that zero hour contracts lead to lower income, greater job and financial insecurity and reduced quality of life. // via https://redd.it/3kw63i // from comments - These contracts could only have come into being because employers today have the upper hand. The situation is victorian and strips the worker of all dignity. // // Here is not investment happening in the workforce to close skills gap. It's take take take.
Zero  Hour  Contract  Contractor  working  poor  job  security  precarious  work  Precariat  Service  Sector  Jobs  job  creation  recovery  UK  2015  neoliberalism  neoliberal  Workers  Union  Niedriglohnsektor  Niedriglohn  minimum  wage  profit  maximisation  shareholder  value  Wall  Street  manual  labour  labour  market  labour  economics  job  market  tax  credit  child  tax  credit  working  tax  credit  underemployed  Sozialer  Abstieg  squeezed  middle  class  youth  unemployment  exploitation  microeconomic  policy  microeconomics  Career  Politicians  lobbyist  lobby  Lobbying  No  Representation  society  Gini  coefficient  poverty  trap  child  poverty  food  poverty  chronic  stress  social  mobility  income  mobility  downward  mobility  professional  education  vocational  education  capital  skills  skill-biased  technological  change  skills  gap  human  capital 
september 2015 by asterisk2a
The Productivity Paradox - NYTimes.com
First of all, productivity measurement is more art than science — especially in America's vast services sector, which employs fully 80 percent of the nation's private work force, according to the United States Bureau of Labor Statistics. Productivity is calculated as the ratio of output per unit of work time. How do we measure value added in the amorphous services sector? Very poorly, is the answer.
productivity  microeconomics  macroeconomics  output  gap  economic  slack  recovery  dot.com  GFC  academics  academia  Service  Sector  Jobs 
september 2015 by asterisk2a
Japan's economy shrinks by 0.4% in a blow for 'Abenomics' growth plan | World news | The Guardian
the country’s main Nikkei stock market index was up strongly by 0.6% as investors expected the government to unleash more monetary stimulus. “Should growth remain sluggish for another quarter and inflation expectations start to fall, the odds of additional monetary easing would increase substantially,” analysts at DBS said in a commentary. Private consumption, which accounts for about 60% of Japan’s GDP, fell 0.8%, as exports dropped 4.4%. “The sharp plunge from the previous quarter’s surprise growth was partly due to disappointing demand for Japanese products in the US, Chinese and other resource-exporting markets,” SMBC Nikko Securities said in a commentary. “Sluggish wage growth and bad weather drove down consumption at home,” it added. // no demand led recovery. debt fuelled recovery! little is fixed thus nothing (kogs) fits and runs by itself as one would expect. // [...] convincing people to splash out on consumer goods has been a struggle
equity  bubble  BOJ  Abenomics  China  2015  western  world  developed  world  Taper  QE  NIRP  ZIRP  economic  history  global  economy  global  trade  Europe  UK  USA  fiscal  policy  monetary  policy  Yen  Richard  Koo  Oil  price  OPEC  energy  price  Supply  and  Demand  Demand  and  Supply  structural  imbalance  Impediments  faultlines  GFC  trickle-down  economics  tax  evasion  tax  avoidance  capitalism  crony  capitalism  Wall  Street  bank  bailout  bailout  microeconomic  policy  microeconomics  behavioral  finance  deleveraging  debt  servitude  balance  sheet  recession  debtoverhang  Psychology  sociology  savings  rate  uncertainty  insecurity 
august 2015 by asterisk2a
Resistance is not enough – we need a whole new political vision | Zoe Williams | Comment is free | The Guardian
[ trying to pit the weak and squeezed against the weaker, on the the dole, and bread line and disadvantaged (born into extreme poverty) ] // The budget took us further down a vindictive, regressive path. But we don’t have to toe the government’s line – we need to decide how we want society to look // [ Book owen Jones - The Establishment ] // [ cutting away left and right, even those things which help long-term creating opportunity - eduction policy, vocational education, (Student Maintenance Grant) social services, mental health and well being ... ] [...] To attack first entails retaking the language, so that we aren’t constantly battling on the territory of “common sense” that has already been demarcated and controlled by someone else. Professor Danny Dorling, at the British Library’s weekend conference on London, had this suggestion, in the wake of Osborne’s appropriation of the phrase “living wage”. [ Same with re-appropriating child poverty targets ] [ intellectual scum ]
budget2015  austerity  fairness  Gesellschaft  class  warfare  welfare  state  Public  Services  Social  Services  Soziale  Marktwirtschaft  propaganda  manufactured  consent  corporate  state  populism  democracy  society  David  Cameron  George  Osborne  Toff  Establishment  Privileged  dogma  ideology  Europe  Fiscal  Pact  Schuldenbremse  economic  history  neoliberal  neoliberalism  class-warfare  squeezed  middle  class  working  class  working  poor  precarious  work  Precariat  surveillance  state  Orwellian  Privacy  Internet  Privacy  self-censorship  child  poverty  poverty  trap  food  poverty  poverty  Public  Policy  Career  Politicians  No  Representation  minimum  wage  living  wage  language  Conservative  Party  Tories  UK  trickle-down  economics  liberal  economic  reform  shared  economic  interest  economic  damage  economic  model  microeconomics  short-term  thinking  short-form  content  Gini  coefficient  mobility  income  mobility  IMF  OECD 
july 2015 by asterisk2a
What Explains the Persistent Lack of Inflation? - YouTube
world is flattening, technology impact, low hanging fruits picked, lack of income growth (lack of disposable income, discretionary spending - squeezed middle class), inequality (Super Rich, 1% and corporations not paying fair share of tax), austerity, austerity (underinvestment, no productive investment for long-term growth), business (underinvestment and no productive investment), low to negative savings rate!, a demographic bubble,
secular  stagnation  western  world  disinflation  deflationary  2015  economic  history  economic  model  economics  of  abundance  marginal  cost  Lohnzurückhaltung  Niedriglohnsektor  income  growth  squeezed  middle  class  QE  ZIRP  NIRP  fiscal  policy  austerity  monetary  policy  liquidity  trap  Abenomics  demographic  bubble  complexity  unintended  consequences  unknown  unkown  deleveraging  balance  sheet  recession  western  society  productivity  UK  USA  Europe  Japan  OECD  output  gap  participation  rate  labour  market  labour  economics  Fed  BOE  ECB  BOJ  IMF  recovery  GFC  tax  evasion  tax  avoidance  Wall  Street  profit  maximisation  shareholder  value  Super  Rich  1%  crony  capitalism  bailout  inequality  income  inequality  Gini  coefficient  trickle-down  economics  economic  damage  macroeconomics  economic  growth  microeconomics  neoliberal  neoliberalism  Schuldenbremse  Pact  PIGS  zombie  banks  zombie  corporations  zombie  consumer 
may 2015 by asterisk2a
Osborne faces up to productivity challenge - BBC News
UK is 30% behind USA and Germany in terms of productivity. // most job creation was in service sector jobs / manual labour - no net new jobs stemming from productive investments in new technology/manufacturing/R&D ... the future. The Future is obviously not made in the UK. And stuff is not made what people use across the globe.
George  Osborne  UK  productivity  recovery  income  growth  living  standard  GFC  employment  labour  market  labour  economics  underinvestment  productive  investment  general  election  2015  Industrial  Revolution  2.0  Future  of  Work  Mobile  Creatives  Mobile  Creative  output  gap  Niedriglohnsektor  Service  Sector  Jobs  job  creation  microeconomic  policy  microeconomics  macroprudential  policy  macroeconomics  macroeconomic  policy  Makers  short-term  thinking  short-term  view  austerity  fiscal  policy 
may 2015 by asterisk2a
Eurokrise ǀ Die ökonomischen Irrwege der Angela M. — der Freitag
Die Agenda 2010 - ein Name wie Donnerhall - ist bis heute eines der umstrittensten Projekte der rot-grünen Bundesregierung, denn sie war faktisch ein flächendeckendes Lohnsenkungsprogramm, indem die Lohnansprüche der Arbeitnehmer durch Hartz IV, Leiharbeit, Werkverträge u.ä. rapide gedrückt wurden. Und es ist geglückt: bis 2013 sind die Reallöhne bundesweit gesunken oder stagnierten trotz positiver Produktivitätsentwicklung. Angela Merkel versucht nun schon seit 5 Jahren, um jeden Preis das deutsche Modell der Lohnsenkung durch die Agenda 2010 auf ganz Europa zu übertragen, passender Weise mit der SPD. Sie wird scheitern. Aber nicht auf ihre Kosten, sondern auf de Kosten anderer, denn es gilt ein einfacher ökonomischer Mechanismus: Keine Nachfrage und Investitionen - Keine Wirtschaftsleistung - Keine Steuereinnahmen - Kein Schuldendienst. Diese Logik ist einfacher als eine schriftliche Division, zur Kenntnis scheint sie in Deutschland trotzdem nicht genommen zu werden.
Leiharbeit  Werkvertrag  Zeitarbeit  Agenda  2010  GroKo  hartz-iv  Lohnzurückhaltung  Niedriglohn  Niedriglohnsektor  contractor  self-employment  subsidies  subsidizing  ALG2  Aufstocker  labour  market  labour  economics  Exportweltmeister  Germany  China  competitive  advantage  competitiveness  competitive  competition  flat  world  borderless  industrial  policy  productivity  lobbyist  lobby  Lobbying  Workers  Union  Angela  Merkel  Wolfgang  Schäuble  Fiscal  Pact  Schuldenbremse  austerity  sovereign  debt  crisis  secular  stagnation  consumer  confidence  squeezed  middle  class  working  poor  precarious  work  Precariat  Proletariat  No  Representation  Career  Politicians  short-term  thinking  short-term  view  Europe  PIGS  microeconomics  microeconomic  policy  policy  Makers  policy  error  policy  folly  Revolution  2.0  working  class  middle  class  disposable  income  budget  deficit  social  cohesion  democracy  Protest  Partei  Protest  Party  Sozialer  Abstieg  Soziale  Marktwirtschaft  Wall  Street  profit  maximisation  shareholder  value  lohndumping  living  wage  minimum  wage  Service  Sector  Jobs  wage  stagnation  sticky  wages  economic  history 
may 2015 by asterisk2a
The Best and Worst Places to Grow Up: How Your Area Compares - NYTimes.com
[ nurture over nature ] via https://news.ycombinator.com/item?id=9485850 // &! http://www.nytimes.com/2015/05/04/upshot/an-atlas-of-upward-mobility-shows-paths-out-of-poverty.html via https://news.ycombinator.com/item?id=9485850 "Based on the earnings records of millions of families that moved with children, it finds that poor children who grow up in some cities and towns have sharply better odds of escaping poverty than similar poor children elsewhere. The feelings heard across Baltimore’s recent protests — of being trapped in poverty — seem to be backed up by the new data. Among the nation’s 100 largest counties, the one where children face the worst odds of escaping poverty is the city of Baltimore, the study found. [...] How neighborhoods affect children “has been a quandary with which social science has been grappling for decades,” [...] “This delivers the most compelling evidence yet that neighborhoods matter in a really big way.” &! Obama on Letterman - bit.ly/1zxFZWn
social  mobility  downward  mobility  income  mobility  childhood  development  childhood  Gini  coefficient  education  policy  Services  Public  Services  welfare  state  social  safety  net  inequality  Career  Politicians  sociology  child  poverty  poverty  food  poverty  squeezed  middle  class  social  study  social  cohesion  social  society  human  capital  post-racial  America  social  discrimination  racial  discrimination  ethnic  discrimination  No  Representation  short-term  thinking  short-term  view  generational  change  lost  generation  lost  decade  income  inequality  Makers  childcare  parenthood  parents  parenting  economics  trickle-down  economics  microeconomics  microeconomic  policy  Baltimore  Ferguson 
may 2015 by asterisk2a
NYT - EU and Google
“With more than a decade of hindsight, the theories supporting the case against Microsoft have all but fallen apart, and the pursuit of the company that makes Windows may suggest a reason for skepticism about this fight against Google: The tech marketplace is fluid and unpredictable. The giants that look most unbeatable today could falter in ways that may once have seemed unthinkable — and without a lot of help from the government.” [...] Google makes most of its money from search ads, but the market for such direct advertising may be tapped out. The next great wave of digital advertising — a market far bigger than search spots — will come from ad budgets now reserved for TV commercials, and many observers bet that Facebook, not Google, is in the best position to get that business. &! bit.ly/1aCgTK7 &! Growth stalls eventually 4all companies >> bit.ly/1DpxFXl &! youtu.be/SdJz93aIvA0?t=20m talk abt Google Search business practices and their way to "add value." And Lobbying activities.
Microsoft  IBM  Google  Apple  HP  Facebook  creative  destruction  Silicon  Valley  Skype  IRC  ICQ  AOL  Yahoo!  Y!  Fortune  500  Wall  Street  oligopoly  oligopol  monopoly  antitrust  FTC  EU  Nokia  Snapchat  Tumblr  Twitter  craigslist  Google  Search  AdSense  Programmatic  Advertising  native  advertisement  targeting  advertisement  re-targeting  advertisement  content  marketing  Huffington  Post  BuzzFeed  YouTube  economic  history  business  cycle  commodity  business  commoditization  Amazon  PayPal  eBay  growth  economic  growth  microeconomics  saturation  market  size  multi-product  company  shareholder  value  profit  maximisation  crony  capitalism  exploitation  short-term  thinking  short-term  view  revolving  door  Washington  presidency  barackobama  lobbyist  Lobbying  lobby 
april 2015 by asterisk2a
Misemployment - YouTube
see also book Vagabonding/Vagabond and Tim Ferriss Potcast with author Potts << "when I retire, I do X." // "How to Find Fulfilling Work" fulfilment, meaning, satisfaction of work --- https://www.youtube.com/watch?v=veriqDHLXsw --- know thy self is a path, a process. a journey. tasting along the way. courage. don't ask for permission.
misemployment  underemployed  structural  unemployment  long-term  unemployment  youth  unemployment  unemployment  self-employment  employability  employment  workforce  capital  allocation  microeconomic  policy  microeconomics  labour  economics  labour  market  GFC  unintended  consequences  happiness  index  happiness  human  progress  productivity  output  gap  asset  allocation  satisfaction  life  lesson  life  hacker  gratification  status  anxiety  status  symbol  socioeconomic  status  social  status  consumerism  consumerist  Millennials  Generationy  career  ladder  career  advice  paradox  of  choice  Future  of  Work  education  policy  passion  authentic  authenticity  Philosophy 
february 2015 by asterisk2a
Anleihekäufe führen nicht zu Inflation: Kolumne von Wolfgang Münchau - SPIEGEL ONLINE
Wenn Sie sich jetzt die Anleihenkäufe der englischen oder der japanischen Zentralbank anschauen, dann ist genau das passiert, was ich gerade beschrieben habe. In beiden Fällen wurde die Geldbasis massiv erhöht. Die Geldmenge bewegte sich nicht. Warum kaufen Zentralbanken die Wertpapiere dann überhaupt? Sie hoffen auf indirekte Effekte, die am Ende einer langen Kette vielleicht doch auf die Geldmenge wirken. [...] Nur leider hat das in Japan zwei Jahrzehnte lang nicht funktioniert. Und bei uns bislang auch nicht. Dafür gibt es verschiedene Gründe: [...] [... overarching trend; a flattening of the curves (of disparity) across the world concerning economic ?pillars?: work type (more advanced work in the supplychain in china & not just labour intensive stuff only. more & more added value done in BRIC, East Europe, ...) #labourmarket, #consumption, #demographics, #edu, savings, social safety net, western style democracy et al) ... fall of Iron Curtain was beginning of process Angleichung]
liquidity  trap  Japan  BOJ  Fed  BOE  ECB  quantitative-easing  QE  ZIRP  NIRP  OMT  TLTRO  LTRO  TARP  POMO  equity  bubble  asset  bubble  asset  allocation  hunt  for  yield  sovereign  debt  crisis  Richard  Koo  lost  decade  economic  history  monetary  transmission  mechanism  monetary  theory  business  confidence  consumer  confidence  zombie  consumer  zombie  banks  business  investment  trust  trustagent  fiscal  policy  austerity  IMF  BIS  centralbanks  confidence  deleveraging  debtoverhang  Super  Cycle  consumer  debt  debt  bubble  debt  monetization  debt  monetisation  debt  restructuring  haircut  monetary  policy  monetary  system  fiat  currency  deflation  deflationary  inflation  targeting  inflation  expectation  flat  world  globalization  globalisation  faultlines  infrastructure  investment  Structural  Impediments  imbalance  competitive  competitiveness  China  BRIC  Frontier  Markets  Developing  global  trade  macroeconomics  microeconomics  labour  market  labour  economics  21stcentury  Software  Is  Eating  The  algorithm  Robotics  automation  Niedriglohnsektor  lohndumping  Lohnzurückhaltung  disposable  income  Mobile  Creative  Mobile  Creatives 
november 2014 by asterisk2a
BBC News - 'No wage rises' until jobless rate falls to 5% says MPC member
Martin Weale said there may be more spare capacity in the economy than policymakers had previously estimated. +++ Bank of England 'puzzled' by productivity gap - http://www.bbc.co.uk/news/business-27857472 >> London Finance Centre Canary Wharf drove up productivity in the run up to the 2008 GFC :: UK workforce as a whole, lacking skills for the future, thus the productivity gap; Mobile Creative, Mobile Creatives, skill-biased technological change, knowledge worker, White-collar Worker, Blue-collar Worker. Year of Code is too late and a drop/tea-cup in the ocean. College needs to offer Computer Science Degrees (Technichal College), not just University. College's offers courses as "Beauty Technicians." Services Industry that does NOT scale. A locals hairdressers service can not be exported, sold and consumed in other countries. Period.
spare  capacity  output  gap  UK  productivity  recovery  2014  BOE  economic  history  unknown  unknowns  complexity  unemployment  structural  unemployment  economy  monetary  policy  fiscal  policy  austerity  Impediments  faultlines  structural  imbalance  productivity  gap  Mobile  Creative  Mobile  Creatives  skill-biased  technological  change  knowledge  worker  White-collar  Blue-collar  workforce  Year  of  Code  21stcentury  Why  Software  Is  Eating  the  World  Software  Is  Eating  World  education  Higher  formal  education  business  education  education  bubble  un-college  College  scaling  scale  microeconomics  macroeconomic  policy  microeconomic  policy  macroeconomics  macroprudential  policy  microprudential  regulation  Public  interest  retraining  STEM  education  policy  Career  Politicians  short-term  thinking  long-term  thinking  accountability  Politics  transparency  democracy  Democratic  Process  free  press  free  speech  pluralistic  society  plurality  pluralism  freedom  of  press  debate  discourse 
june 2014 by asterisk2a
Learn To Code, Learn To Think : 13.7: Cosmos And Culture : NPR
policy to push to learn to write, read, understand code and systems. design thinking. problem solving. early on as soon as yound ppl are literate ~12-14. - higher productivity - + 3D printing future in 30 years ... future of 30-35hr work week - 5-6hrs a day. THE REAL NEW ECONOMY. 90's New Economy was hyped by exuberance and ... different topic. But this is the outline of the real new world, new economy. ( robert skidelsky in praise of leisure ) when the world is flat - 2050. baring any other crisis being solved ala climate change and ecological disasters. man made or ie earthquake swallowing california, canarie islands exploding creating huge tsunami, yosemite exploding, etc etc. - baring also - that we fix inequality problems, reducing the divide. fostering better democratic process, transparency and accountability - instilling trust and confidence again in public service.
Year  of  Code  coding  programming  programmers  ethical  machine  systems  design  system  design  skill  skill-biased  technological  change  capital  skills  skills  knowledge  worker  White-collar  Blue-collar  Mobile  Creative  Mobile  Creatives  destruction  globalisation  globalization  comparative  advantage  comparative-advantage  competitive  advantage  competitive  competitiveness  Competition  Why  Software  Is  Eating  the  World  Software  Is  Eating  World  education  Higher  formal  education  business  education  education  bubble  Public  Policy  Policy  Makers  error  folly  industrial  fiscal  macroprudential  Career  Politicians  long-term  thinking  21stcentury  productivity  macroeconomic  macroeconomics  microeconomic  microeconomics  3D  printing  Future  optimism  Robert  Skidelsky  academia  economic  history  capitalism  workforce  book  economist  New  Economy  global  digital  digital  natives  digital  divide  Age  knowledge  Commanding  Heights  Politics 
june 2014 by asterisk2a
Mini-Wohnung in London mit hoher Miete alarmiert Behörden - SPIEGEL ONLINE
London is a different country than UK ex-London. PERIOD. As is SF, LA, NY compared to USA as a whole. UK needs support for 2nd London, ie Manchester surroundings. That is why BBC moved parts of its operations to Manchester, creating the MediaCity. It was a politically motivated and macroprudential influenced decision as well as microeconomic decision for BBC Operations (lower wage demands, lower operating cost). ""Für durchschnittliche Mieter dürfte es nur ein schwacher Trost sein, dass in London auch die Superreichen inzwischen Mondpreise für Immobilien zahlen müssen. So hat ein privater Käufer für eine Penthouse-Wohnung im vornehmen Londoner Stadtteil Knightsbridge kürzlich 140 Millionen Pfund (knapp 171 Millionen Euro) bezahlt. Angesichts solcher Zahlen warnte sogar der stellvertretende Direktor der Bank of England vor einer gefährlichen Blase: Das Preisniveau auf dem Grundstücksmarkt stehe in krassem Gegensatz zur derzeitigen Schwäche der britischen Wirtschaft, sagte Jon Cunliffe.
London  property  bubble  Supply  and  Demand  Demand  and  Supply  hunt  for  yield  2014  monetary  policy  unknown  unknowns  unintended  consequences  complexity  macroprudential  policy  BOE  faultlines  economies  of  agglomeration  structural  imbalance  infrastructure  investment  infrastructure  urban  planning  urbanisation  asset  bubble  recovery  UK  microeconomic  policy  microeconomies  microeconomics  macroeconomic  policy  macroeconomics  economic  history  BBC  MediaCity  Manchester 
june 2014 by asterisk2a
Thomas Piketty's 'Capital' in 3 minutes - Newsnight - YouTube
who owns the economies assets, the ~1% individuals and international conglomerate corporations, - when return on these assets /y is greater than economic growth - inequality rises. it is all that happend even during the recovery after the GFC - 1% got richer, conglomerates and corporations got richer/sat on their cashpiles. while ie in USA Food Stamp handouts rose month over month _+++ http://www.democracyjournal.org/32/the-inequality-puzzle.php?page=all ""Piketty’s treatment of inequality is perfectly matched to its moment. [...] the share of income and wealth going to those at the very top—the top 1 percent, .1 percent, and .01 percent of the population—has risen sharply over the last generation, marking a return to a pattern that prevailed before World War I. There can now be no doubt that the phenomenon of inequality is not dominantly about the inadequacy of the skills of lagging workers."" --- +++ http://en.wikipedia.org/wiki/Gilded_Age
Thomas  Piketty  1%  Super  Rich  economic  history  microeconomics  macroeconomics  social  mobility  income  mobility  gilded  age  book  disposable  income  income  inequality  income  growth  income  redistribution  income  distribution  Gini  coefficient  middle  class  working  class  working  poor  squeezed  middle  class  tax  code  tax  credit  tax  evasion  tax  avoidance  history  capital  Venture  Mobile  Creative  Mobile  Creatives  skill-biased  technological  change  knowledge  worker  White-collar  Blue-collar  fiscal  policy  monetary  policy  Makers  Career  Politicians  Politics  academia  academic  academics 
may 2014 by asterisk2a
In ridesharing, it all comes down to the Benjamins | PandoDaily
+ https://www.youtube.com/watch?v=u_Baur8sT_8 "always providing the reliable cheapest ride [by utilising data about demand and supply]", >> "search pricing" [enabling price elasticity of supply (of caps).] // But in the weeks prior to Lyft announcing its huge Series D, it was able to roll out Happy Hour pricing — something Uber has not yet done. As a cherry on top, it slashed its rates 20 percent in all markets after wrapping up the Series D.
Uber  Flywheel  Lyft  dynamic  pricing  search  pricing  ryanair  economy  airlines  Supply  and  Demand  consumer  product  customer  retention  customer  acquisition  customer  acquisition  cost  microeconomies  microeconomics  economics  price  elasticity  of  disrupting  markets  disruption  marketplace  public  transportation  inefficiencies  efficiency  marketplace  inefficiencies  product  market  fit 
may 2014 by asterisk2a
Sweden: The New Laboratory for a Six-Hour Work Day - Uri Friedman - The Atlantic
0.) 4 day work week @ teamtreehouse / carsonified || 1.) lesson have time limits for projects, incremental goals to be achieved by X days. >> | | The bottom line is that productivity -- driven by technology and well-functioning markets -- drives wealth far more than hours worked. And very few jobs in developed economies nowadays are classic assembly-line positions, where working 20 percent longer will mechanically produce 20 percent more widgets. Psychology plays a role here too: At least 40 years of studies suggest that people work harder if you limit their time to complete a certain task. In some cases, working too hard can actually reduce output. Long working hours are also associated with ill health, which means lost labor in the long term, as well as higher medical costs for employers and government. + http://www.spiegel.de/karriere/ausland/schweden-goeteborg-will-sechs-stunden-arbeitstag-einfuehren-a-964791.html
productivity  work  life  balance  Robert  Skidelsky  economics  microeconomic  policy  microeconomics  labour  market  job  market  skill-biased  technological  change  knowledge  worker  knowledge  economy  White-collar  Blue-collar  project  management  HR  human  resources  people  management  6-hour  work  day  4-day  work  week 
april 2014 by asterisk2a
Why Americans Are Moving Less: New Jobs Aren't Worth It - Richard Florida - The Atlantic Cities
[symptom of the working poor and squeezed middle class and wage stagnation || http://youtu.be/_k9q8rBfRVY + http://youtu.be/akVL7QY0S8A + http://youtu.be/nIimu0LF4JA + http://youtu.be/BOMoC0_m5pQ // Americans are moving less—and not as far—because it's not nearly as worthwhile economically. Most moves are local, from neighborhood to neighborhood in the same city or county, and are largely driven by seeking better housing or more proximity to family and friends. But long-distance moves between states are different. These interstate moves are typically driven by those seeking better job opportunities. Since the 1980s, neither the job opportunities nor the potential for better wages have made such moves worth it, according to the study. It finds that by 2013 the rate of interstate relocations had fallen 51 percent below its 1948 to 1971 average levels, the peak years for such longer-distance moves.
working  poor  squeezed  middle  class  wage  stagnation  inequality  income  mobility  income  inequality  social  mobility  USA  fiscal  policy  public  policy  Gini  coefficient  middle  class  Robert  Reich  economic  history  Thomas  Piketty  economics  microeconomic  policy  microeconomics  macroeconomic  policy  macroeconomics  elizabethwarren  Elizabeth  Warren  babyboomers  generational  contract  Debt  Super  Cycle  sovereign  crisis  private  consumer  bubble  jubilee  zombie  consumer  Consumerism  productivity  minimum  wage  living  wage  secular  stagnation  stagnation  labour  market  labour  market  participation  Super  Rich  lobby  Lobbying  lobbyist  crony  capitalism  revolving-door  presidency  barackobama  Career  Politicians  accountability  transparency  democracy  corporate  governance  governance  job  market  job  creation  skill-biased  technological  change  skills  knowledge  worker  White-collar  Blue-collar  Higher  Education  bubble  formal  cost  Apprenticeships  on  job  training  Germany  UK  Europe 
april 2014 by asterisk2a
IMF study finds inequality is damaging to economic growth | Business | The Guardian
International Monetary Fund paper dismisses rightwing argument that redistributing incomes is self-defeating. [...] It is 18 months since the IMF published its controversial view that government cuts to public-sector spending were having a larger detrimental effect than previously thought. The paper, written by its chief economist, Olivier Blanchard, was incendiary and sparked denials in London and Brussels where calls for austerity were strongest. [...] In an interview later Ostry said it was his belief that the inclusion of higher welfare payments would only support the argument in favour of redistribution. [... as there is a welfare, social security, pension payment cap on income in some of the G8 if I remember right, ie Germany for sure! ...] + http://www.ted.com/talks/richard_wilkinson "Richard Wilkinson: How economic inequality harms societies"
IMF  IWF  economic  history  income  mobility  income  inequality  income  distribution  income  redistribution  taxation  OECD  G8  tax  credit  tax  free  income  USA  UK  Germany  social  society  social  science  happiness  josephstiglitz  paulkrugman  Robert  Reich  Gini  coefficient  Robert  Skidelsky  GDP  public  policy  income  gap  macroeconomic  policy  macroeconomics  microeconomic  policy  microeconomics  inequality  gender  inequality  child  poverty  food  poverty  poverty  poverty  in  old  age  working  poor  middle  class  squeezed  middle  class  kalte  Progression  austerity  society  social-safety-net  mental  health  mental  illness  unequal  society  trust  distrust  socialsystem  Nordics  Japan  social  dysfunction  welfare  welfare  state  state  benefits  healthcare  prejudice  judgement  beauty  standard  body  image  Depression  social  study  social  status  Oxidative  stress  stress  Self-esteem  Richard  Wilkinson  public  health  policy  public  health  chronic  diseases  chronic  stress  sustainability  sustainable 
march 2014 by asterisk2a
Hartz-IV-Debatte: Wie die SPD Arbeitslose als faul diffamiert hat - SPIEGEL ONLINE
2011 untersuchten Leipziger Sozialwissenschaftler, ob der Druck der Hartz-Gesetze den Arbeitslosen nun derart Beine macht, dass sie schneller wieder in Lohn und Brot kommen. Das Ergebnis: Die Mehrzahl der Betroffenen war extrem kurz arbeitslos. Ungefähr genauso kurz wie früher.
SPD  Germany  hartz-iv  mindestlohn  microeconomics  microeconomic  policy  Minijob  Geringfügige  Beschäftigung  unemployment  long-term  unemployment  working  poor  Politics 
november 2013 by asterisk2a
Bubbles, Regulation, and Secular Stagnation - NYTimes.com
In brief, there is a case for believing that the problem of maintaining adequate aggregate demand is going to be very persistent – that we may face something like the “secular stagnation” many economists feared after World War II. [...] The stability of prices and output masked an underlying unsustainable growth in leverage. [...] Our current episode of deleveraging will eventually end, which will shift the IS curve back to the right. But if we have effective financial regulation, as we should, it won’t shift all the way back to where it was before the crisis. Or to put it in plainer English, during the good old days demand was supported by an ever-growing burden of private debt, which we neither can nor should expect to resume; as a result, demand is going to be lower even once the crisis fades. [...] our current situation may well go on much longer than anyone currently imagines.
student  loan  debt  lobby  deregulation  monetary  policy  lobbyist  asset  bubble  modern  monetary  theory  reflation  dual  mandate  fiscal  stimulus  Lobbying  BOE  BOJ  macroeconomics  policy  folly  QE  liquidity  trap  inflation  targeting  fiscal  policy  UK  debt  bubble  political  error  paulkrugman  austerity  unknown  unkown  greatdepression  nominal  GDP  targeting  dis-inflation  deleveraging  regulation  economics  public  debt  secular  stagnation  inflation  private  debt  balance  sheet  recession  mandate  debt  jubilee  GFC  complexity  excess  monetary  theory  unintended  consequences  consumer  debt  liquidity-trap  political  folly  WWII  lostdecade  greatrecession  policy  error  regulators  debtoverhang  Wicksellian  natural  interest  rate  NIRP  Fed  microeconomics  economic  history  Super  Cycle  stagflation  Great  Moderation  leverage  stagnation  sovereign  debt  crisis  recovery  ZIRP  USA  household  debt  fiscal  theory  Japan  fiscal  deficit 
september 2013 by asterisk2a
PIMCO Mohamed El-Erian nonfarm payroll labor market 23 September 2013 | ForexLive
But – these headline numbers are not the full picture, there is much detail in the report that paints a much more sobering view: [...] Taken together, “rather than confirming the paradigm of gradual and steady improvement, these disaggregated numbers attest to a highly segmented, multi-speed labor market – one with features that could become more deeply embedded in the structure of the economy” http://www.project-syndicate.org/commentary/the-downside-of-us-labor-market-data-by-mohamed-a--el-erian
microeconomic  policy  unemployment  2013  monetary  policy  Fed  communication  microeconomics  GFC  complexity  economic  history  NFP  working  poor  stagflation  recovery  babyboomers  USA  Taper  participation  rate  barackobama  greatdepression  WallStreet  long-term  unemployment  presidency  greatrecession 
september 2013 by asterisk2a
Cash in as our desperate government inflates a new housing bubble - MoneyWeekMoneyWeek
So if prices are going up, people think that their situation is improving. Happy families make happy voters – and happy voters vote for the party in power. That’s why a massive mortgage subsidy scheme – Help to Buy – has been thrust upon us. And it seems to be working. Prices and sales are rising. [...] Trouble is, interest rates right now are at or near record lows. So mortgage servicing costs are only likely to rise. Ironically enough, it could be an economic recovery that does the damage: a recovery would result in higher rates, pushing mortgage payments up, and making many loans unaffordable. [...] As long as things look good come May 2015, it will happily ignore any potential collateral damage. And the scheme has had an almost-immediate impact. Formally launched in this year’s budget in April, it has already seen sales of new homes surge. The government now plans to expand it from next year.
state  guarantee  microeconomic  policy  2013  Politics  microeconomics  fiscal  policy  property  bubble  UK  unintended  consequences  loan-guarantee  Help  to  Buy  Scheme  collateral  damage  davidcameron  subsidies  guarantees  Funding  for  Lending  Scheme  GeorgeOsborne  subsidizing 
august 2013 by asterisk2a
The Impact of Raising the Minimum Wage - YouTube
Tax Credit better than raising minimum wage. UK raised under Osborne the tax free income "tax-free income allowance" http://www.guardian.co.uk/uk/2013/mar/19/george-osborne-2013-budget-britain // "In 2010, the median wage in the UK for all jobs was £20,801." http://en.wikipedia.org/wiki/Income_in_the_United_Kingdom // >> tax-free allowance should be raise to by 350£ each year to 12.000£
microeconomics  fiscal  policy  tax  credit  working  poor  UK  Gini-coefficient  USA  minimum  wage  barackobama  tax-free  allowance  liberal  conservative  income  inequality  economics  GeorgeOsborne  liberal  economic  reform  presidency  inequality 
july 2013 by asterisk2a
BBC News - George Osborne warned by MPs over mortgage guarantee risks
Mr Osborne has said the housing market is still not functioning properly after the 2008 financial crisis, with the number of purchases by first-time buyers down 40% in the past five years. [...] >> haven't they learned anything? subprime and house price bubble created itself by state guarantees introduced by gwbush to push home owner ship. - history doesn't repeat, but rhymes - market prices though information. distortion by brining in more normally ineligible buyers. - Osborne tackling an effect of income stagnation and excessive inflation + zombie consumers and zombie banks. First-time buyers unable to put up deposit. >> http://www.zerohedge.com/news/2013-03-20/uk-discloses-home-purchase-subsidy-part-its-latest-2013-budget
microeconomic  policy  monetary  policy  complexity  asset  bubble  Mark  Carney  monetary  theory  reflation  unintended  consequences  zombie  banks  liquidity-trap  distortion  davidcameron  BOE  subprime  political  folly  policy  folly  QE  2013  Plan  B  short-term  thinking  microeconomics  disequilibrium  economic  history  gwbush  mortgage  fraud  UK  error  equilibrium  fanniemae  unconventional  monetary  policy  ZIRP  austerity  USA  housing  bubble  zombie  consumer  mortgage  market  MervynKing  subsidies  freddiemac  economics  Funding  for  Lending  Scheme  GeorgeOsborne  subsidizing 
april 2013 by asterisk2a
Hört auf zu arbeiten! - News Wirtschaft: Karriere - tagesanzeiger.ch
«Hört auf zu arbeiten!» Überangebot auf den Arbeitsmärkten >> nicht jeder kann heute einen "guten" job bekommen in then westlichen laendern. punkt. > " Sie setzen auf individuelle Lösungen, greifen zu einem semantischen Trick und ersetzen «gute Arbeit» durch «bedeutsame Tätigkeit». Wenn wir alle unsere Arbeit mit dem gleichen Enthusiasmus und der gleichen Leidenschaft verrichten, wie Bruce Springsteen seine Konzerte absolviert, dann wird alles gut. "
microeconomic  policy  mindestlohn  sociology  jobmarket  Arbeitsmarkt  Politik  basic  income  Life  Lesson  minimumwage  minimum  wage  Robert  Skidelsky  psychology  grundeinkommen  burnout  productivity  society  microeconomics  economic  history  wage  floor  job  security  happiness  depression  work  hours  book  economics  western  society  culture 
april 2013 by asterisk2a
Forscher untersuchen Voraussetzungen für Wirtschaftswachstum - SPIEGEL ONLINE
Vielfalt bringt mehr Fortschritt als Spezialisierung. [...] Denn woher Wirtschaftswachstum wirklich kommt, ist bis heute eine der umstrittensten Fragen unter Volkswirten. Lange vertrauten Wissenschaftler auf das Modell des Ökonomen Robert Solow, der dafür 1987 den Wirtschaftsnobelpreis erhielt. Zwar identifiziert Solow Fortschritt als langfristig wichtigste Quelle für Wachstum - doch wie dieser Fortschritt entsteht, darüber schweigt sich sein Modell aus. Seitdem haben sich Generationen von Wirtschaftsforschern an diesem Rätsel abgearbeitet. [...] Der Physiker Luciano Pietronero von der Universität La Sapienzia in Rom sagt jenen Ländern eine rosige Zukunft voraus, deren Wirtschaft sich auf viele unterschiedliche Sektoren stützt und komplexe, weltweit gefragte Produkte herstellt. "Labil ist der Wohlstand hingegen überall dort, wo er an einigen wenigen Produkten hängt", so Pietronero - etwa am Öl in Saudi-Arabien.
David  Ricardo  academics  microeconomic  policy  dogma  Luciano  Pietronero  economic  growth  academia  India  development  economics  competitiveness  macroeconomics  China  innovation  macroeconomic  policy  globalization  microeconomics  economic  history  philosophy  BRIC  economic  fitness  Brazil  global  imbalances  economics  Russia  globalisation  liberal  economic  reform  competition 
april 2013 by asterisk2a
Ökonomen-Konferenz Hongkong: Warum wir immer mehr wollen - SPIEGEL ONLINE
Je größer unser Wohlstand, so das Fazit, umso größer der Anteil unserer Ausgaben, mit denen wir lediglich anderen Menschen nacheifern. [...] Werber wissen intuitiv: Das Versprechen von Status ist eines der wichtigsten Verkaufsargumente überhaupt. [...] Nachahmungstheorie des Kulturwissenschaftlers René Girard: Für ihn zählt der Drang von Menschen, andere in ihrem Verhalten zu imitieren, zu den Grundlagen der Zivilisation. [...] Wie Finanzmärkte neigen auch Konsumgütermärkte zu Spekulationsblasen >> Angewandt auf die Wirtschaftswissenschaften führt Girards Theorie zu beunruhigenden Erkenntnissen: Märkte für Konsumgüter tendieren nicht automatisch zu einem Gleichgewicht von Angebot und Nachfrage, wie gemeinhin angenommen, sondern zu einem immerwährenden Ungleichgewicht. "Ohne Knappheit gäbe es keine Nachfrage." ( http://www.youtube.com/watch?v=-eusHpPO0fI ) - Plays well into anthropology, evolution. Google "chimpanzee imitation"
complexity  advertising  speculative  bubble  western  lifestyle  Jean-Pierre  Dupuy  status  quo  middleclass  status  marketing  INET  society  microeconomics  disequilibrium  philosophy  advertisement  social  science  peterthiel  equilibrium  Nature  evolution  social  study  bubble  René  Girard  imitation  zombie  consumer  economics  western  society  consumerist  culture 
april 2013 by asterisk2a
What Wasn't Said in "Wealth Inequality In America" - YouTube
income mobility = opportunity and education. but current systems are devised that one has first go into debt (mortgage future potential earnings) go gain access to education that is relevant and accepted by firms.
Gini-coefficient  microeconomic  policy  microeconomics  social  mobility  working  poor  economics  income  inequality  education  income  mobility  inequality 
march 2013 by asterisk2a
DGB: Staat subventioniert Leiharbeit mit Hartz-IV - SPIEGEL ONLINE
Tausende Leiharbeiter brauchen zusätzlich Hartz IV zum Leben. Laut DGB kostet das den Staat mehr als 300 Millionen Euro im Jahr. Die Allgemeinheit subventioniert damit Niedriglöhne, kritisieren die Gewerkschafter.
minimumwage  Politics  microeconomics  competitiveness  economics  Germany  hartz-iv 
february 2013 by asterisk2a
Tina Gerhardt: Joseph Stiglitz and the World Economic Forum: Making the Connection Between Climate Change and Economics
In the last 30 years, extreme weather has cost the United States an estimated $1.06 trillion dollars. If even a significant fraction of that volatile weather is a product of climate change, then the US needs to brace itself for a hefty bill going forward.
globalwarming  microeconomics  economics  weather  extreme  josephstiglitz  climatechange  climate  change  extreme  weather 
january 2013 by asterisk2a
The Distinction Is Game Theory - Businessweek
This gap allows plans that can better predict beneficiary costs to game the system by selecting beneficiaries who are expected to cost much less than their risk-adjusted payments. (Plans do not always want the least-expensive beneficiaries, but rather those who are the least expensive compared with their risk-adjusted payment. The implication is the same, though: Plans can beat the risk adjustment, and be overpaid.)

—Peter Orszag, “Private-Market Tooth Fairy Can’t Cut Medicare Cost,” Bloomberg View, Aug. 20, 2012
http://www.bloomberg.com/news/2012-08-20/private-market-tooth-fairy-can-t-cut-medicare-cost.html

(For a primer on game theory, might I suggest Chapter 10, “Thinking Strategically,” Frank & Bernanke, Principles of Microeconomics, 4th edition. This includes a sidebar in which our august Fed chairman considers “Why do people shout at parties? Tit-for-Tat and the Repeated Prisoner’s Dilemma.”)
risk-management  risk  private  market  private  medical  insurance  private  healthcare  healthcare  health  insurance  medicare  microeconomics  economics  game  theory 
august 2012 by asterisk2a
Charity and taxation: Sweetened charity | The Economist
Reducing tax bill by giving to charities ...

"The basic question remains: why should taxpayer B face a bigger tax bill because taxpayer A chooses to give to charity?"

***
Thorny topic among Economists ...
Weighting the issue, what benefits most society? What is an acceptable liberal approach (as it is spending/consumption in one way or the other). And how to achieve elasticity 1 or greater and achieving a balancing act for both sides. Also one could make it more transparent with public records. Who give to whom how much.
governance  microeconomics  microeconomic  policy  economics  elasticity  elasticity  of  demand  philanthropy  politics  philosophy  society  moral  GeorgeOsborne  fiscal  policy  UK  charity  taxation 
june 2012 by asterisk2a
Explaining America's macro puzzles: The worst of all worlds | The Economist
[Americas economy] it is starting to look more like some left arms have gone missing.

What if we have next to the out-put gap also a slowdown in potential growth - that has to be factored in, due to forces of Globalization.

The path of potential output commonly downshifts after crises, as all economic participants are humans and have emotions and psychological, economic behavior - these (very likely change) due to recent trauma. Resulting in risk aversion.

Leading to the following conclusion; "I still find the demand-side explanations for the depressed state of the economy more convincing ..."
microeconomics  macroeconomics  economic-thought  psychology  Behavior  behavioral  finance  output-gap  globalisation  globalization  productivity  unemployment  greatrecession  GFC  2012  economy  economics  USA 
march 2012 by asterisk2a
RDQ's Ryding Says U.S. Treasury Yields Are `Unhealthy' - YouTube
Operation Twist will have very little macro economic impact
Fed reflates economy, but does not help to heal
Low yields are fundamentally a sign that nobody wants to take risk.
-
ECB provides Dollar lending facility till year end. Yesterday Central Bank Intervention - help for Europes banks.
operationtwist  2011  QE3  economics  macroeconomics  microeconomics  greatrecession  recession  recovery  reflation  yield  debt  unhealthy  treasury  treasuries  deflation  Japan  USA  monetary  policy  europe  creditcrunch  lenderoflastresort 
september 2011 by asterisk2a
A healthy dynamic in job creation: Destruction - The Washington Post
young firms — business startups and a small number of new firms that grow very quickly — have played an outsize role in that process. In job creation, it turns out, it is not size that matters but the age of the firm. Small businesses don’t create all the new jobs — young ones do.
In recent years, however, this entrepreneurial dynamism began to slow. Job creation and job destruction began their decline as far back as the 1990s, and continued right up to the Great Recession, when job destruction fell to its lowest level in 30 years, and job creation even more. The average business became older and larger.

Perhaps you’ve noticed that we are halfway through this column about job creation and I have yet to mention the Federal Reserve’s monetary policy or fiscal stimulus or the deficit or even taxes. The reason is pretty simple: It’s hard to draw a convincing connection between any of them and a decline in entrepreneurial dynamism that began more than a decade ago.
jobmarket  job-creation  unemployment  research  economics  study  Fed  monetary  fiscal  policy  stimulus  conservative  Keynesianism  entrepreneurship  smallbusiness  SMB  microeconomics  capitalism  josephschumpeter  productivity  financialcrisis  greatrecession  recovery 
june 2011 by asterisk2a
Inequality, leverage and crises | vox - Research-based policy analysis and commentary from leading economists
Of the many origins of the global crisis, one that has received comparatively little attention is income inequality. This column provides a theoretical framework for understanding the connection between inequality, leverage and financial crises. It shows how rising inequality in a climate of rising consumption can lead poorer households to increase their leverage, thereby making a crisis more likely.
inequality  debt  finance  macroeconomics  crisis  microeconomics  income  Gini-coefficient  leverage  2008  2007 
february 2011 by asterisk2a
How the Brain Reacts to Financial Bubbles - NYTimes.com
Why are bubbles such a persistent feature of financial history? Economists argue that these speculative frenzies are caused in part by market failures like too much liquidity or lax regulation. Cognitive psychologists, meanwhile, see bubbles as a case of pattern recognition gone awry, as people extrapolate the past into the future. In recent years, neuroscientists also have become interested in bubbles, if only because the financial manias seem to take advantage of deep-seated human flaws; the market fails only because the brain fails first. Read Montague, at Baylor College of Medicine, has spent the last few years trying to decipher the bits of brain behind our irrational exuberance. It’s microeconomics at its most microscopic.
bubble  bubbles  microeconomies  microeconomics  psychology  history  brain 
october 2010 by asterisk2a

related tags

1%  2.0  3D  4-day  6-hour  21stcentury  A380  Abenomics  Abstieg  abundance  abuse  academia  academic  academics  accountability  acquisition  AdSense  advantage  advertisement  advertising  advice  affordable  age  ageing  agency  Agenda  agglomeration  Agile  agility  aid  Air  airlines  ALG2  algorithm  allocation  allowance  am  Amazon  America  and  Angela  anti-ageing  antitrust  anxiety  AOL  Apple  apprenticeships  Arbeitsmarkt  asset  Aufstocker  austerity  authentic  authenticity  automation  Autonomy  avoidance  B  babyboomers  bailout  balance  Baltimore  bank  banks  barackobama  basic  BBC  beauty  Behavior  behavioral  benefit  benefits  Berlin  Beschäftigung  Beton  Betongold  Bill  biotechnology  BIS  Blue-collar  body  BOE  BOJ  book  borderless  brain  Brazil  BRIC  bubble  bubbles  budget  budget2015  Burden  burnout  business  Buy  Buy-to-Let  BuzzFeed  Cameron  campaign  capacity  capital  capitalism  care  career  Carney  centralbanks  change  charity  child  childcare  childhood  China  choice  chronic  city  class  class-warfare  climate  climatechange  code  coding  coefficient  cohesion  collateral  College  Commanding  commoditization  commodity  communication  company  comparative  comparative-advantage  competition  competitive  competitiveness  complexity  confidence  consent  consequences  conservative  constituency  consumer  consumerism  consumerist  content  contract  contractor  corporate  corporations  corporatism  cost  Council  craigslist  creation  creative  Creatives  credit  creditcrunch  crisis  crony  culture  currency  customer  cycle  damage  David  davidcameron  day  debate  debt  debtoverhang  decade  decissionmaking  deficit  deflation  deflationary  deleveraging  demand  democracy  Democratic  demographic  demographics  demography  depression  deregulation  design  destruction  developed  Developing  development  Devolution  digital  dis-inflation  discourse  discretionary  discrimination  diseases  disequilibrium  disinflation  disposable  disrupting  disruption  distortion  distribution  distrust  divide  doctor  dogma  door  dot.com  downward  drought  dual  Dubai  Dupuy  dynamic  dysfunction  earnings  Eating  eBay  ECB  economic  economic-thought  economics  economies  economist  economy  education  effect  efficiency  elasticity  election  Elizabeth  elizabethwarren  Emirates  employability  employment  energy  Entitlement  entrepreneurship  equilibrium  equity  error  Establishment  ethical  ethnic  EU  europe  evasion  evolution  excess  expectation  exploitation  Exportweltmeister  extreme  Facebook  failure  fairness  fallacy  fanniemae  faultlines  Fed  feminism  feminist  Ferguson  fiat  finance  financialcrisis  fiscal  fit  fitness  flash  flat  flooding  floods  floor  Flywheel  folly  food  for  formal  Fortune  Framework  France  Frankfurt  fraud  freddiemac  free  freedom  Frontier  FTC  fund  Funding  Future  G8  game  gap  GDP  gender  general  generation  generational  Generationengerechtigkeit  generationy  George  GeorgeOsborne  Geringfügige  Germany  Gesellschaft  GFC  gilded  Gini  Gini-coefficient  Girard  global  globalisation  globalization  globalwarming  Gold  Google  governance  Grant  gratification  Great  greatdepression  greatrecession  Grey  Grid  GroKo  growth  grundeinkommen  guarantee  guarantees  gwbush  hacker  haircut  happiness  hartz-iv  health  healthcare  Heights  Help  Higher  history  Holacracy  Hour  hours  household  housemarket  housing  HP  HR  Hsieh  Huffington  human  hunt  IBM  ICQ  ideology  illness  image  imbalance  imbalances  IMF  imitation  Impediments  in  income  index  India  industrial  inefficiencies  inequality  INET  inflation  infrastructure  innovation  insecurity  insurance  interest  Internet  investment  IRC  Is  IWF  Japan  Jean-Pierre  job  job-creation  jobmarket  jobs  josephschumpeter  josephstiglitz  jubilee  judgement  kalte  Keynesianism  kindergarten  knowledge  knowledge-based  Koo  labour  ladder  language  Leadership  leave  Leiharbeit  lenderoflastresort  Lending  lesson  leverage  liberal  life  lifehacker  lifestyle  liquidity  liquidity-trap  living  loan  loan-guarantee  Loans  lobby  Lobbying  lobbyist  lohndumping  Lohnzurückhaltung  London  long-term  lost  lostdecade  lottery  low  LTRO  Luciano  Lufthansa  Lyft  machine  macroeconomic  macroeconomics  macroprudential  Main  Maintenance  Makers  management  Manchester  mandate  manual  manufactured  Manufacturing  marginal  Mark  market  market-failure  market-mechanism  marketing  marketplace  markets  Marktwirtschaft  Mastery  maternity  maximisation  mechanism  MediaCity  medical  medicare  mental  meritocracy  meritocratic  Merkel  MervynKing  microeconomic  microeconomics  microeconomies  microprudential  Microsoft  middle  middleclass  Mietpreisbremse  Mietspiegel  Millennials  mindestlohn  Minijob  minimum  minimumwage  minority  misemployment  Mobile  mobility  model  Moderation  modern  monetary  monetisation  monetization  monopoly  moral  mortgage  multi-product  Munich  nasty  National  native  natives  natural  Nature  neoliberal  neoliberalism  net  network  New  NFP  Niedriglohn  Niedriglohnsektor  NIRP  No  Nokia  nominal  Nordics  Northern  obligation  OECD  of  Oil  old  oligopol  oligopoly  OMT  on  OPEC  operationtwist  optimism  Orwellian  Osborne  output  output-gap  owned  Oxidative  Pact  paradox  parenthood  parenting  parents  part-time  Partei  participation  party  passion  paternity  paulkrugman  pay  payday  payments  PayPal  pension  people  peterthiel  petrodollars  philanthropy  philosophy  Pietronero  PIGS  Piketty  Plan  planning  pluralism  pluralistic  plurality  policy  political  Politicians  politics  Politik  POMO  poor  population  populism  Positioning  post  post-racial  poverty  Powerhouse  PR  Precariat  precarious  prejudice  presidency  press  prevention  price  prices  pricing  printing  Privacy  private  Privileged  Process  product  productive  productivity  professional  profit  Programmatic  programmers  programming  progress  Progression  project  Proletariat  promises  propaganda  property  protection  Protest  Psychiatry  psychology  public  Purpose  QE  QE3  quantitative-easing  quo  racial  rapid  rate  re-targeting  recession  recovery  redistribution  reflation  reform  regulation  regulators  Reich  rent  René  Representation  research  reserves  resources  response  restructuring  retention  retirement  retraining  Revolution  revolving  revolving-door  Ricardo  Rich  Richard  Right  risk  risk-management  Robert  Robotics  Russia  ryanair  safety  satisfaction  saturation  savings  scale  scaling  scheme  Schuldenbremse  Schäuble  science  Scotland  scrum  search  Sector  secular  security  self-censorship  self-employment  Self-esteem  Service  Services  servitude  sevices  shadow  shared  shareholder  sheet  short-form  short-term  shrinkflation  Silicon  size  Skidelsky  skill  skill-biased  skills  Skype  slack  smallbusiness  Smart  SMB  Snapchat  SNP  social  social-safety-net  socialsystem  society  socioeconomic  sociology  Software  sovereign  Soziale  Sozialer  Spain  spare  SPD  speculative  speech  speed  spending  spin  squeezed  stagflation  stagnation  standard  Start-Up  state  status  STEM  sticky  stimulus  Street  stress  structural  student  study  subprime  subsidies  subsidizing  sunk  Super  supply  supply-demand  surveillance  sustainability  sustainable  symbol  system  systems  Taper  targeting  TARP  tax  tax-free  taxation  team  technological  Technology  tension  the  theory  thinking  Thomas  time  TLTRO  to  Toff  Tony  Tories  trade  training  transfer  transferring-wealth  transmission  transparency  transportation  trap  treasuries  treasury  trickle-down  trust  trustagent  Tsunami  Tumblr  Twitter  UAE  Uber  UK  un-college  uncertainty  unconventional  underemployed  underinvestment  unemployment  unequal  unhealthy  unintended  Union  University  unknown  unknowns  unkown  urban  urbanisation  USA  Valley  value  values  Venture  Verbraucherschutz  view  vocational  volatility  wage  wages  Wall  WallStreet  warfare  warming  Warren  Washington  wealth  weather  week  welfare  Werkvertrag  western  Westminster  White-collar  Why  Wicksellian  Wilkinson  Wolfgang  work  worker  Workers  workforce  working  working-poor  world  WWII  Y!  Yahoo!  Year  Yen  yield  youth  YouTube  Zappos  Zeitarbeit  Zero  ZIRP  zombie 

Copy this bookmark:



description:


tags: