Economics and Race:
"Twenty-seven-year-old Harvard economist Roland Fryer grew up poor and black, in a family that was falling apart. His mother abandoned him. His father drank heavily and beat him. Fryer sold drugs and carried a gun. Then, at age 15, after he got pulled over by the police and then let go, he decided he wanted something different."
posted by yoga
on Apr 1, 2005 -
"Eventually it could help economists design incentives that gently guide people toward making decisions that are in their long-term best interests
in everything from labor negotiations to diets to 401(k) plans." Note the ambiguous use of the pronoun "their"--are we talking about the long-term interests of people in general or of economists?
posted by all-seeing eye dog
on Mar 22, 2005 -
that you could get the crap kicked out of you for posting kottke.org to MeFi. Three and a quarter years later, what's changed? Jason's decided to make a living off this blog ... but without running advertising. Good luck, says I.
posted by sylloge
on Feb 22, 2005 -
With all the talk about the emergence of Europe as an economic rival to the US, is there a more likely rival
emerging? A real strategic partnership between Russia
could be exactly the combination of nuclear power, boots on the ground, and economic momentum to truly create a new bipolarity. Apparently, there has been serious collaboration in military philosophy
between the two powers at least since the USSR broke up, and flash gamers
have known about it for at least a couple years, but now it is becoming very real
. Conventional wisdom says that there are longstanding disputes over trade and territory, but things generally seem to be warming up
. You want to know what the world will look like in 20 years? Look to Siberia.
posted by milkman
on Jan 20, 2005 -
(both pdf) The burgeoning field of happiness studies is unearthing all sorts of interesting findings, many of them summarized in these two articles by University of British Columbia economist & "Professor of Happiness" John Helliwell. Rich countries are not happier than poor countries; people tend to revert to the mean after a happy event; money has only a modest effect on happiness; and, hey, good news! you get happier as you get older.
posted by mono blanco
on Jan 10, 2005 -
How much money do first-time novelists make?
Author and upcoming first-time novelist Justine Larbalestier
is constantly asked by aspiring writers what first-time novelists should expect in advance payment for their beloved texts. So she asked some of her author friends what they got for their first novels. The responses ranged in time from 1962 to 2004. What didn't change in all that time was the basic amount: Not much. Quoth Larbalestier: "The life of a novelist is, financially speaking, a mug's game. Enter at your own peril."
posted by jscalzi
on Dec 24, 2004 -
Math + test = trouble for US economy
For a nation committed to preparing students for 21st century jobs, the results of the first-of-its-kind study of how well teenagers can apply math skills to real-life problems is sobering.
American 15-year-olds rank well below those in most other industrialized countries in mathematics literacy and problem solving, according to a survey released Monday
posted by Postroad
on Dec 6, 2004 -
(accessible to laypersons) from the labor-backed Economic Policy Institute suggests that a falling dollar is probably very bad news for Europe. The euro area is one of the slowest growing economic areas in the world, yet it will bear much of the burden of relieving the pressure of the U.S. trade deficits. This will deprive the euro area of demand for domestic products at a time when such demand is necessary to forestall a full-blown recession.Via Marginal Revolution.
posted by trharlan
on Nov 28, 2004 -
other half top quintile lives...
Coldwell Banker has released the first Coldwell Banker(R) Luxury Index
, a "study conducted in August 2004 of U.S. luxury homeowners -- those owning homes valued at $1 million or more -- concerning their attitudes, preferences and purchasing behavior related to luxury goods and services." You might be interested to discover that 61% of those surveyed stated recent increases in interest rates would have no impact on their luxury item purchases.
posted by Irontom
on Nov 16, 2004 -
Don Luskin dismisses
high school economics as Democrat propaganda in the National Review
Be that as it may, there is no unique virtue to inflation-adjusting — except that it makes all changes in income look worse, which well serves the liberal agenda of the Times’s economic reporting during an election year.
The National Review
has always been conservative, but I'm unaware of when a writer for a mainstream publication has so explicitly dismissed something as common-sensical as real dollars
. What's next? Gravity? Heliocentrism? Via Brad DeLong
posted by goethean
on Oct 4, 2004 -
The Price of/for Attention
"While it's interesting (and soul-crushingly depressing) to discover bidding wars over keywords associated with human suffering, I'm focused on the idea that I can pull data about web users' interest in different subjects out of this data."
The fight to get attention on humanitarian crises, the dynamics of web browsing, and something like statistical game theory meet for a greased wrestling match in GoogleAds.
posted by freebird
on Oct 1, 2004 -
A nice article
on some of the engineering and economics aspects of WiFi, and the history of frequency regulation in the USA.
posted by freebird
on Aug 16, 2004 -
An interesting study
by The Century Foundation. I found it while perusing the NY Times op-eds...specifically, Bob Herbert.
It seems that "Household debt and personal bankruptcies are reaching record highs despite low interest rates and rising real estate values."
posted by BlueTrain
on Aug 9, 2004 -
Choose your own adventure!
"The following imaginary scenario attempts to picture what would happen if the IMF
did not exist. It tells the story of a businessperson in a fictional developing country that is suffering from a shortage of foreign exchange. In the scenario, there is no IMF
to turn to in order to resolve the currency crisis. You will soon come to realize the difficulties of carrying on international trade in that imaginary world without the IMF
posted by livii
on Jul 15, 2004 -
The Industrial Revolution, past and future:
The entire human race is getting rich, at historically unprecedented rates. The economic miracles of East Asia are, of course, atypical in their magnitudes, but economic growth is not the exception in the world today: It is the rule.
Nobel Prize winner Robert Lucas
discusses wealth redistribution and the world economy.
posted by trharlan
on Jun 13, 2004 -
The gas shortage won't get better.
Paid more at the pump recently? I hope you don't drive an SUV -- things could get really painful really fast. Demand is always increasing for gasoline, but now we're hitting a point where refineries can't actually refine enough gas to meet demand, and very few places in the world can supply gasoline that meets our environmental standards.
posted by SpecialK
on May 3, 2004 -
Where Wealth Lives "The top 1% of families, as measured by net worth, receive about 15% of income but own 30% of the nation's assets -- including stocks and bonds, homes, and closely held businesses. That's according to the Federal Reserve's Survey of Consumer Finances. The top 10% of families, as measured by net wealth, own 65% of assets, and the top 50% own a stunning 95% of assets..."
posted by kliuless
on Apr 10, 2004 -
How Rich am I?
Heard a talk today from the founder of Gapminder
, a non-profit company that creates Flash and shockwave pieces that are somewhere between information visualization, socially motivated art, and interactive educational pieces. Be sure to check out the Human Development Trends, and the Dollar Street (photos of real homes of real people who live on $1-2 per day, $2-5 per day, to $100 per day). See also: Understanding USA
for more nice pictures of statistics.
posted by zpousman
on Mar 25, 2004 -
China's Building Blitz.
In scale and pace, the building boom currently sweeping over China has no precedent in human history. China is spending about $375 billion each year on construction, nearly 16 percent its gross domestic product. In the process, it is using 54.7 percent of the world's production of concrete, 36.1 percent of the world's steel, and 30.4 percent of the world's coal.
posted by four panels
on Mar 20, 2004 -