The Destruction of Economic Facts - "Renowned Peruvian economist Hernando de Soto argues that the financial crisis wasn't just about finance—it was about a staggering lack of knowledge" (via) [more inside]
posted by kliuless on May 23, 2011 - 35 comments

The Sharing Economy (via) [more inside]
posted by kliuless on May 5, 2011 - 12 comments

Fareed Zakaria: Are America's Best Days Behind Us? - "We have an Electoral College that no one understands and a Senate that doesn't work, with rules and traditions that allow a single Senator to obstruct democracy without even explaining why. We have a crazy-quilt patchwork of towns, municipalities and states with overlapping authority, bureaucracies and resulting waste. We have a political system geared toward ceaseless fundraising and pandering to the interests of the present with no ability to plan, invest or build for the future. And if one mentions any of this, why, one is being unpatriotic, because we have the perfect system of government, handed down to us by demigods who walked the earth in the late 18th century and who serve as models for us today and forever. America's founders would have been profoundly annoyed by this kind of unreflective ancestor worship." [for/against]
posted by kliuless on Apr 17, 2011 - 93 comments

Giving What We Can is a movement founded by Toby Ord , a 31 year old Oxford academic on slightly more than average income who plans to give away a million pounds during his lifetime. [more inside]
posted by philipy on Dec 13, 2010 - 52 comments

With capitalism in crisis, can it be sustained or is it altogether outdated? As Umair Haque asks though, perhaps a better question is: "are organizations and markets making decisions that help make people, communities, and society better off in the long run, by allocating their scarce resources to the most productive uses?" [more inside]
posted by kliuless on Jul 13, 2010 - 15 comments

The Politically Incorrect Guide to Ending Poverty In the 1990s, Paul Romer revolutionized economics. In the Aughts, he became rich as a software entrepreneur. Now he's trying to help the poorest countries grow rich—by convincing them to establish foreign-run "charter cities" within their borders. Romer's idea is unconventional, even neo-colonial—the best analogy is Britain's historic lease of Hong Kong. And against all odds, he just might make it happen. (via cc) [more inside]
posted by kliuless on Jun 10, 2010 - 92 comments

The experimental method: Testing solutions with randomized trials -- In trying to help explicate the complexity of society Clark Medal-winner Esther Duflo is raising the productivity of social policies by increasing our knowledge of what works and doesn't work through repeated social experiments of randomised controlled trials. She has a large surplus labour pool, a veritable industrial reserve army, to worth with. [more inside]
posted by kliuless on May 19, 2010 - 18 comments

Moving beyond GDP for an information-based society - If indeed^[1,2] "A 'Quantum Leap' in Governance" is needed^[3] then, as part of the solution,^[4] we might start looking past GDP^[5,6] and perhaps more toward "betterness instead of business, pursue awesomeness instead of innovation — and maximize good, instead of quarterly profits..." [more inside]
posted by kliuless on May 16, 2010 - 29 comments

How a New Jobless Era Will Transform America
The Great Recession may be over, but this era of high joblessness is probably just beginning. Before it ends, it will likely change the life course and character of a generation of young adults. It will leave an indelible imprint on many blue-collar men. It could cripple marriage as an institution in many communities. It may already be plunging many inner cities into a despair not seen for decades. Ultimately, it is likely to warp our politics, our culture, and the character of our society for years to come. (via rw)
posted by kliuless on Feb 11, 2010 - 84 comments

The End of Influence - the latest in a long series documenting the US' relative decline (esp wrt China 1 2 3 4 5) Brad DeLong and Stephen Cohen reflect on what has brought us to our past, but now fast-fading glory: "Roosevelt's strategy [entering WW2] was to make Britain broke before American taxpayers' money was committed in any way to the fight against Hitler." Before delving into our present predicament, however, it might also be useful to briefly consider some of the lessons from Bretton Woods and what the wealth of nations is really built upon.
posted by kliuless on Jan 31, 2010 - 39 comments

Soros lectures
You can slog through the video, but I preferred the transcripts 1 | 2 | 3 | 4 | 5 [more inside]
posted by kliuless on Nov 21, 2009 - 13 comments

Paul Romer: A Theory of History, with an Application - "His economic theory of history explains phenomena such as the constant improvement of the human standard of living by looking primarily at just two forms of innovative ideas: technology and rules." (previously, via) [more inside]
posted by kliuless on Jul 3, 2009 - 11 comments

Prelude to Federation - Like a neocolonial SEZ (or TAZ) Paul Romer, not to be confused with David, posits "less developed countries contract with capitalist nations to set up Hong Kong's for them... that we rethink sovereignty (respect borders, but maybe import administrative control); rethink citizenship (support residency, but maybe import voice in political affairs); and rethink scale (instead of focusing on nations, focus on cities—on city states like Hong Kong and Singapore)." cf. neocameralism [1, 2, 3] [more inside]
posted by kliuless on May 21, 2009 - 16 comments

A couple recent documentaries have accurately shown how China is changing and developing at lightning speed. The People's Republic of Capitalism speaks mainly of China's all-consuming economic growth and its ramifications. I was riveted by Frontline's Young and Restless in China and Frontline World: Jesus in China. These show the struggles of the Chinese to keep up with the changes, deal with their hypocritical government and define their beliefs in a society still riddled with corruption.
posted by wundermint on Jul 17, 2008 - 32 comments

Women's rights: What's in it for men? - "Women in rich countries largely enjoy gender equality while those in poor countries suffer substantial discrimination. This column proposes an explanation for the relationship between economic development and female empowerment that emphasises changes in the incentives males face rather than shifts in moral sentiment. Technological change that raises demand for human capital may give men a stake in women's rights." [more inside]
posted by kliuless on Jun 29, 2008 - 29 comments

Over the next four weeks, Jeffrey Sachs will be giving the 2007 BBC Reith Lectures. Download [MP3] the first week's lecture ("Bursting at the Seams"), or subscribe [XML] to the podcast. Listen to the 1999-2006 lectures in full, or hear historic lecturers such as Bertrand Russell and J.K. Galbraith.
posted by Aloysius Bear on Apr 13, 2007 - 14 comments

Clean water is a right: "The United Nations Development Programme (UNDP) published its annual report on human development. It denounces the world's complacent disregard for such unglamorous subjects as standpipes, latrines and the 1.8m children who die each year from diarrhoea because the authorities cannot keep their drinking water separate from their faeces. The study is both coldly analytical and angry..."
posted by kliuless on Nov 24, 2006 - 18 comments

Foreign Aid: Can it work? The conundrum facing the rich countries is that everywhere in the developing world, and particularly in Africa, you see children dying for want of pennies, while it's equally obvious that aid often doesn't work very well....But the pitfalls of aid tend not to be discussed among humanitarians, at least in loud voices, for fear of scaring donors. And now along comes William Easterly, in his tremendously important and provocative new book, The White Man's Burden, which asserts with great force that the aid industry is deeply flawed.
posted by storybored on Sep 23, 2006 - 63 comments