2 Comments
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Jun 04.10
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Global Economics
/ by Ro Econ
**originally posted in our now closed forums in 2007 by user MarkTwain***
so......i tried to answer someones question on a media/politics message board on this issue...
the guy was asking why are mainstream or corporate media companies are so keen to follow the government line on terrorism (sometimes abbreviated to MSM, mainstream media, in contrast with the growing alternative media market, i use the term traditional media too)
he thought that it would reduce "consumption" (his term) by scaring consumers into not spending money and therefore advertisers would`nt like it and should put pressure on media corps to change their coverage. (to become more reasonable and less alarmist about the issue) Continue reading this article »
7 Comments
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May 31.10
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Energy
/ by Ro Econ
***This post was originally made in our forum which is now closed and reposted here for our community.***
Have you seen the movie? It's informative and I welcome social action documentaries anytime. The basic premise is to get people thinking, moving, mad, into action. But how does the film stack up if you just look at basic economic principles from both sides of the electric car equation?
On one side environmentalist and people looking for alternatives to gas powered cars favor the electric car (maybe the hydro). These guys will jump on conspiracy theories that say oil execs are holding back technology. This may be the case, but really I'm not there so I can't say with certainty that oil execs are doing this.
Let me say this, using basic economics. If oil execs are holding back better technology that's CHEAPER than what we have today, we shouldn't throw them in jail, no no, but BUT, they should loose their jobs and their entire corporations DESTROYED by the consumer. Continue reading this article »
3 Comments
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May 24.10
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Macroeconomics
/ by Ro Econ
***Originally posted in our forums in 2006***
i was just watching this documentary made in 1992 about the british economy (since the 60s and upto the late 80s)
it charts the well told story of the switch from keynesianism to moneterism (and the apparent failure of both to predict inflation and general trends etc)
The League of Gentleman (adam curtis bbc 1992)
Forty years ago, a group of economists managed to convince British politicians that they had foolproof technical means to make Britain great again. This film tells the saga of how their experiments led the country deeper into economic decline. Continue reading this article »
2 Comments
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May 20.10
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Macroeconomics
/ by Ro Econ
***This post was originally put in our forum by user MarkTwain and reposted here.***
this is a really interesting Ebook by dean baker (Dean Baker is a macroeconomist and co-director of the Center for Economic and Policy Research in Washington, DC.)
In his new book, economist Dean Baker debunks the myth that conservatives favor the market over government intervention. In fact, conservatives rely on a range of 'nanny state' policies that ensure the rich get richer while leaving most Americans worse off. It's time for the rules to change. Sound economic policy should harness the market in ways that produce desirable social outcomes ' decent wages, good jobs and affordable health care.
http://www.conservativenannystate.org/
1 Comment
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May 17.10
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Macroeconomics
/ by Ro Econ
**This question was originally posted in our Economics Forums and reposted here.**
I'm trying to work out the national economy of a fictitious country.
Government expenditure = 200
Investment Expenditure = 100
Household Expenditure is described by the consumption function C = 140 + 0.6(Y-T) where Y is national income and T is total taxes. T = tY and t the tax rate is 0.25
Exports = 120
Imports = 120
I'm struggling to work it out particularly the consumption function element.
Can anyone help!
Thanks
2 Comments
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May 05.10
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Behavioral Economics
/ by Ro Econ
is anyone up on game theory here?
i was talking to a computer programmer the other day about game theory and he mentioned that someone he knew who used to live in my district (this programmer is quite advanced in years shall we say), apparently he had innovated some new taxonomy of games (in the 80s i think) but i cant find any info on it online (unfortunately the programmer i was speaking to could not remember this guys name)
***Originally posted in our forum and reposted here.***
The questions goes like this:
a simple or basic game would be chess. (both players are aware of one another, both know the rules and operate by them, and both know each others goal/s) a meta-game would be the same but the rules may be broken or one or more players may be using different rules to achieve a known goal, and a hyper-game is the most complicated, a game where none of the players no exactly how many other players there are, there are no clear rules and no clear goals. (but each players choices effect the others, something like that anyway) Continue reading this article »
5 Comments
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Apr 29.10
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Macroeconomics
/ by Ro Econ
**Originally posted in the forums by Jleslie in Nov. 2006**
I'm trying to find answers to something that's been bothering me lately. I am by no means an economist, and I hope these thoughts don't seem too silly so here goes:
My questions are about housing prices and how banks effect them. I was born and raised in the Canadian province of Saskatchewan. The price of a normal starter house in Saskatoon when I left was probably around 120,000 USD. The neighboring province of Alberta was probably double or even triple that. It would be even higher in a city like Vancouver, or Toronto. I have recently moved to the UK (London) and prices here are at least double again. I'm afraid I don't have exact figures, they aren't really important because I think most people would agree with me so far. Continue reading this article »
5 Comments
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Apr 26.10
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Global Economics
/ by Ro Econ
This question was originally posed in our forum and reposted here.
Pardon my knowledge.... but my math is:
avg income=expenditure = multiplied by population makes a economy
So for example USA ----$35,000 X 300 million
Why can't China and/or India create the same scenario?
5 Comments
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Apr 21.10
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Macroeconomics
/ by Ro Econ
**This questions was posed in our forum originally**
Wonder if you can help with this please. I am currently thinking that pure capitalism is where production is owned by private companies that are free from government intervention in regards to investment, pricing, product and growth etc. (i.e. function in a free market).
If this is the case then technically there are few if any real capitalist countries as by and large all involve government intervention for consumer protection and economic stability (thus a free market system). Continue reading this article »
1 Comment
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Apr 16.10
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Global Economics
/ by Ro Econ
*** Originally posted in our forum section moved here to the blog. ***
Amongst the erudite economic fellow postee's here, would anyone mind posting some suggestions for definitive reading to get an overall neutral view on economics please?
I have heard a bit about Galbraith and am currently reading Thorstein Veblens 'theory of the leisure class' which is as much a social commentary as a book on economics. I have David Landes ' Wealth and Poverty of Nations' which I haven't read as yet and may invest in The Economists book on the subject.
Who are the most neutral writers on the subject that people here know of ? Appreciate the help.
Mr E
Continue reading this article »
