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How America Works

How America Works

In the tradition of They Rule, Jonathan Schwarz from A Tiny Revolution provides some context in regards to the 1996 funeral of Thomas Enders.
posted by lilboo on Apr 19, 2005 - 4 comments

Cash on the Scarecrow, Pork on the Plow

Cash on the Scarecrow, Pork on the Plow
Matt Welch, using data from Environmental Working Group, examines the largesse of subsidies to Mellencamps.
posted by trharlan on Apr 17, 2005 - 12 comments

Five Years After the Bubble

Five Years After the Bubble is a collection of ten links from the perspective of those who were neck deep in the whole thing. I found the link while reading up on Andy Kessler, who had an interesting piece in today's WSJ, and is giving away his new book.
posted by trharlan on Apr 15, 2005 - 3 comments

http://hearth.library.cornell.edu/

Home Economics Archive: Research, Tradition and History (HEARTH). From Cornell University, HEARTH is an internet resource collecting home economics texts from 1850 to 1950, including Meals that cook themselves and cut the costs, by Christine Frederick (1915), and The young woman's guide to excellence, by William A. Alcott (1852), as well as the Journal of Home Economics from 1909 to 1980.
posted by monju_bosatsu on Apr 11, 2005 - 6 comments

Wall Street

Wall Street - How it Works, and for Whom, by Doug Henwood. Sold over 20,000 copies as paperback. Acclaimed by Crooked Timber. Available for free under a Creative Commons license (Amazon).
posted by andrew cooke on Apr 8, 2005 - 8 comments

Because Businesses Don't Care Enough About Profits

A Pro-Evil Mutual Fund? For centuries, the argument in favor of laissez-faire capitalism has been simple. If you step back and let businesses pursue profit without restraint, legitimate needs and desires will be taken care of in an efficient manner. Moral concerns, the argument goes, are better handled by consumers and investors voting with dollars than governments coercing with legislation. Now, Cato Institute scholar and Fox News columnist Steven Milloy is worried ideologically motivated investors might be putting business profits in danger. He's forming a new mutual fund to fight their leftist influence.
posted by verb on Apr 8, 2005 - 33 comments

Cognitive biases and other fun tricks

You are very bad at making decisions. Welcome to the world of cognitive biases. They are why it is so easy to see conspiracies in the death of microbiologists, to be unaware of how incompetent we are, to regret our bids on eBay, and to be superstitious rationalists. Perhaps you should learn to use them before you are taken in. Finally, cognitive biases are why you will remember the end of this po
posted by blahblahblah on Apr 6, 2005 - 27 comments

Biting the hand that feeds it

Kevin Brancato (of Truck and Barter fame) has been running Alwayslowprices.net, a site dedicated to discussing the social and economic impact of Wal-Mart, for about a year. Though he has generally been one of the web's biggest Wal-Mart supporters, the firm has nonetheless issued to him a Cease and Decist Order.
posted by trharlan on Apr 6, 2005 - 11 comments

Economics and race.

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 - 8 comments

It's all in the mind.

Neuroeconomics: "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 - 25 comments

$10 for Catwoman?

Standardized movie ticket pricing. Why must we pay the same price for an Uwe Boll movie and a Martin Scorsese film? Economic professor Tyler Cowen explores the reasons that movies big and small, good and bad, are priced the same.
posted by Arch Stanton on Mar 4, 2005 - 16 comments

U2 Can B A Rock Star Prez

U2 Can B A Rock Star Prez. The president of the World Bank is traditionally an American. But in a recent editorial the L.A. Times nominated third-world debt relief activitist and Nobel Peace Prize nominee and--oh yeah--U2 frontman for the soon-to-be-vacant position. With economic tutoring from "probably the most important economist in the world", the singer/activist (and self-confessed egomaniac) has spent the last 5 years lobbying the World Bank and IMF to help African nations break the decades' old cycle of debt by combining debt relief with improved trade and AIDS assistance. After a stint as celebrity spokesmodel for Jubilee2000, then founding a similar DATA Agenda funded by Bill Gates, he's developed cred as "a serious player on Third World debt". "It's about the right to begin again," Bono says. "The right to be free of your past..." President Bono: a chance to reform the World Bank from the inside, or celebrity poser? Readers' response... [BugMeNot for the reg-only sites]
posted by nakedcodemonkey on Mar 1, 2005 - 32 comments

Roubini's Econ Blog

Nouriel Roubini's Global Macroeconomic and Financial Policy Site is big, broad, and pretty amazing. If you can stomach a 50 page .pdf, make sure to read the dollar-bear article: Will The Bretton Woods 2 Regime Unravel Soon? The Risk of a Hard Landing in 2005-2006.
posted by trharlan on Feb 22, 2005 - 6 comments

Kottke goes full time

Kottke.org! Time was 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 - 364 comments

Hans Hoppe is in trouble.

Hans Hoppe is in trouble. Why? In one of his lectures at UNLV, the world-renowned economist stated that homosexuals plan less for the future than heterosexuals. According to Hoppe, homosexuals tend not to have children, so they have little stake in the world beyond their own time. Other poor future planners include the very young (no concept of the future) and the very old (their time is almost up). A student filed a compaint against Hoppe for his "anti-gay" remarks, and UNLV wants to issue a letter of reprimand and force Hoppe to give up his next pay increase. So should an economics professor be forced to consider his students feelings prior to presenting economic theories? As Hoppe fights back, the libertarian community voices its support.
posted by b_thinky on Feb 12, 2005 - 88 comments

National Security Archive

George Washington University's National Security Archive carries a collection of declassified US documents and articles on Saddam Hussein; Mexico, Cuba and other Latin American countries; Nixon's meeting with Elvis; the CIA and Nazi war criminals; etc.
posted by plep on Feb 10, 2005 - 8 comments

Form of Yanghtze River! Shape of Russian Bear!

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 and China 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 - 9 comments

There, you happy now?

Happy Happy (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 - 11 comments

And the food had to be satisfying and taste good too, otherwise, what's the point?

The Challenge: Purchase, prepare and eat healthy, mostly organic meals on a food stamp budget. These are the results.
posted by anastasiav on Jan 4, 2005 - 65 comments

Wow! All the crusts of bread I can eat!

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 - 66 comments

America Beyond Capitalism

America Beyond Capitalism
What a "Pluralist Commonwealth" Would Look Like
from the author of The Coming Era of Wealth Taxation (pdf)
posted by y2karl on Dec 17, 2004 - 22 comments

Sociology

A hundred years of “The Protestant Ethic.” Elizabeth Kolbert on Max Weber in The New Yorker.
posted by semmi on Dec 9, 2004 - 13 comments

Georges Bataille

Georges Bataille. Librarian, surrealist, archivist, writer of works on subjects ranging from economics to the erotic. Father of the notion of transgression as a positive force. Frequently name checked and sometimes very confusing. And at this festive time of year, we may also remember his ideas on the gift.
posted by stinkycheese on Dec 7, 2004 - 6 comments

Math + test = trouble for US economy

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 - 86 comments

Becker-Posner Blog

Take a Nobel economist who has devoted his career to studying the effect of social and political change on microeconomic theory. Combine with the most prolific legal scholar of the past half-century and federal judge with immeasurable influence on American jurisprudence. Add Moveable Type and a bit of technical help from our fearless leader, and you've got the Becker-Posner Blog, which debuts today.
posted by PrinceValium on Dec 5, 2004 - 14 comments

The falling dollar may be bad for Europe. And the Canadians, too!

This .pdf (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 - 38 comments

Economic 'Armageddon'

Economic 'Armageddon' predicted by Stephen Roach, the chief economist at investment banking giant Morgan Stanley. He's been right before.
posted by stbalbach on Nov 23, 2004 - 68 comments

Currency Events

Will Currency Wars Effect You? Oldman gives a quick run-through of the geopolitics of America's budget deficit, with some likely scenarios for the next 2-5 years.
posted by alms on Nov 18, 2004 - 26 comments

How the other half lives...

How the 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 - 8 comments

How the U.S. Uses Globalization to Cheat Poor Countries Out of Trillions

Conscience of an Economic Hit Man Amy Goodman of Democracy Now interviews John Perkins, a former international banker on how globalization is leveraged to cheat poor countries.
We've built the largest empire in the history of the world. It's been done over the last 50 years since World War II with very little military might, actually. It's only in rare instances like Iraq where the military comes in as a last resort. This empire, unlike any other in the history of the world, has been built primarily through economic manipulation, through cheating, through fraud, through seducing people into our way of life, through the economic hit men. I was very much a part of that.

posted by ao4047 on Nov 9, 2004 - 17 comments

Nobel Prize Market

Nobel Prize Market - trading is now over; at least we can see if the economics market outperforms the others.
posted by MzB on Oct 10, 2004 - 1 comment

Framing the Economic Debate

Framing the Economic Debate. If you read Metafilter, you've no doubt seen a few links criticizing Bush's handling of the economy. The unabashed partisans at the Heritage Foundation have put together a document from which many of Bush's talking points about the economy (tonight, and throughout the campaign) are likely to come.
posted by Kwantsar on Oct 8, 2004 - 16 comments

Flat Earthers for Bush!

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 - 16 comments

SocioEconomics of GoogleAds

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 - 6 comments

bakesales! lemonade stands!

Dick Cheney claims that disappointing jobs numbers are undercounting ebay power sellers. The man is on a tear!
posted by luser on Sep 10, 2004 - 47 comments

If you see something, say something

The malefactors of great wealth and the religious right. Economist Paul Krugman on insufficient necessity.
posted by the fire you left me on Sep 5, 2004 - 19 comments

True Cost Economics

truecosteconomics.org: “Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist.” – Kenneth Boulding. Adbusters latest campaign is against (surprise?) neoclassic economics. A tad less controversial than their last endeavor.
posted by Quartermass on Aug 18, 2004 - 22 comments

Shirky: Spectrum as resource

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 - 9 comments

CarFilter

Vehicle Lifecycle Cost Analyzer
posted by alms on Aug 13, 2004 - 12 comments

Life and Debt

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 - 59 comments

Why do we need the IMF?

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 - 21 comments

The Industrial Revolution, past and future

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 - 9 comments

$4/gallon, here we come!

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 - 121 comments

One more bubble, please.

Word on the street is google has filled for an IPO. Hot Damn!
posted by chunking express on Apr 29, 2004 - 35 comments

In their proper place, the depths

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 - 23 comments

Economists on drugs

A slim majority of sampled economists favor drug decriminalization, according to this .pdf article in the newly-launched Econ Journal Watch.
Via Marginal Revolution.
posted by trharlan on Apr 1, 2004 - 4 comments

Gross International Happiness

The Gross International Happiness Project. An idea inspired by Gross National Happiness, the Kingdom of Bhutan's alternative to GDP.
posted by homunculus on Mar 30, 2004 - 4 comments

Statistics, Damn Lies or a Damn Shame?

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 - 6 comments

The Outsourcing Bogeyman

The Outsourcing Bogeyman by economics professor Daniel Drezner describes the myths, facts and economics behind offshore outsourcing. There is also a critique and rebuttal on Drezner's blog. (via kuro5hin).
posted by TheophileEscargot on Mar 24, 2004 - 26 comments

t'ien ming

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 - 16 comments

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