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Users that often use this tag:
kliuless (8)
the man of twists ... (2)
divabat (2)
infini (2)

Aggregate Demand Management: "pass a law allowing the Fed to cut checks"

Free Money for Everyone - "A wacky-sounding idea with surprisingly conservative roots may be our best hope for escaping endless, grinding economic stagnation." (via) [more inside]
posted by kliuless on Mar 16, 2014 - 19 comments

 

"'You aren't black on the inside' - childhood friends"

I, Too, Am Harvard. A photo campaign highlighting the faces and voices of black students at Harvard College. 63 students participated, sharing their experiences with ignorance and racism. "Our voices often go unheard on this campus, our experiences are devalued, our presence is questioned-- this project is our way of speaking back, of claiming this campus, of standing up to say: We are here. This place is ours. We, TOO, are Harvard." [more inside]
posted by zarq on Mar 5, 2014 - 38 comments

listen to the wealthy scream

The return of "patrimonial capitalism": review of Thomas Piketty's Capital in the 21st century (pdf) - "Thomas Piketty's 'Capital in the 21st century' may be one of the most important recent economics books. It jointly treats theory of growth, functional distribution of income, and interpersonal income inequality. It envisages a future of relatively slow growth with the rising share of capital incomes, and widening income inequality. This tendency could be checked only by worldwide taxation of capital." [more inside]
posted by kliuless on Jan 12, 2014 - 39 comments

"How do you calculate the effect that demons have on property value?"

Does Satan worship lower a Las Vegas mansion's value? [latimes.com] How do you determine a price people might pay for such “stigmatized properties?” It’s simple, really. You call Randall Bell.
posted by Fizz on Oct 13, 2013 - 40 comments

Game behind gamed: your narrative programming for the day

How The Economic Machine Works by Ray Dalio[1] actually makes a case against austerity[2] and for redistribution, but also for money printing (and, arguably, for bailouts), while stressing the need to keep making productivity-improving public and private investments. However, it could be equally entitled: How The Industrial Age Political-Economy Doesn't Work Anymore, viz. Surviving Progress (2011)... [more inside]
posted by kliuless on Sep 25, 2013 - 28 comments

"What is an innovation worth?"

Google was worth 1,838,389 workers in 1998, maybe
posted by the man of twists and turns on Apr 26, 2013 - 26 comments

"it seems unnatural to look at a color and think of it in terms ... RGB"

Color Spaces:
It has been known for some time that colors can be described by three numbers. If I show you light of a certain color and ask you to match it by combining lights of three other colors and varying their intensities, you'll typically be able to find a combination that looks indistinguishable. But the wavelengths you combine might be very different from the wavelengths I showed you. Light of the wavelength corresponding to yellow and light of the right combination of red and green wavelengths will look the same, even though they are physically quite different.
[more inside]
posted by the man of twists and turns on Mar 31, 2013 - 26 comments

Incommensurable values

Economists and the theory of politics - "why unions were often well worth any deadweight cost" [more inside]
posted by kliuless on Mar 25, 2013 - 27 comments

"If we're going to get 21st century economic policy right... we have to start moving to a model that measures value creation rather than value capture."

The Clothesline Paradox: A Conversation with Tim O'Reilly - "The thesis is simple: You put your clothes in the dryer, and the energy you use gets measured and counted. You hang your clothes on the clothesline, and it "disappears" from the economy. It struck me that there are a lot of things that we're dealing with on the Internet that are subject to the Clothesline Paradox. Value is created, but it's not measured and counted. It's captured somewhere else in the economy." (a full text transcript of a video interview) [more inside]
posted by flex on Oct 9, 2012 - 77 comments

use value vs. exchange value

What Is Value? What Is Money? (via via) [more inside]
posted by kliuless on Sep 1, 2012 - 15 comments

LETS

Start Your Own Currency - "In the Catalonia region of Spain, a restaurant and a community garden are part of an experiment in alternative cash--they are accepting a home-grown currency called the Eco as well as the Euro." [viz. gated article (Google link), cf. The Wörgl Experiment]
posted by kliuless on Aug 27, 2012 - 29 comments

“The arc of the moral universe is long, but it bends towards justice”

A quarter-century of responses to the Pew Research Center's American Values survey statements show some surprising trends when graphed over time. A sampling: Data is also broken down by religious and political affiliation, gender, age, race, education and income.
posted by Bora Horza Gobuchul on Jul 4, 2012 - 86 comments

sovereignty and taxation

David Graeber: Of Flying Cars and the Declining Rate of Profit (via) [more inside]
posted by kliuless on Jun 8, 2012 - 85 comments

Not After Eight

A new initiative recently proposed by the Royal Canadian Mint proposes to create the MintChip, a digital currency that’s similar (to BitCoin), but is backed by the Canadian government. Aiming to become “the digital equivalent of the coins we use every day,” in the Canadian Mint’s own words, the MintChip will target micro- and nano-transactions conducted both online and offline, whether at the physical point of sale, on mobile devices, or among peers. Via
posted by infini on Apr 20, 2012 - 37 comments

Currency

After receiving a $20,000 grant from the Australia Council, Denis Beaubois set about creating his artwork, Currency, 2011, by withdrawing $20,000 from a teller at the Reserve Bank of Australia and writing down the serial numbers. The artwork sold at auction yesterday for $17,500. [more inside]
posted by robcorr on Aug 31, 2011 - 75 comments

Burning Down The House

You can learn a fair bit about a person by asking them what they'd attempt to save if their house was on fire. [more inside]
posted by gman on May 14, 2011 - 179 comments

Just Keep Screwing That Chicken

The ten strangest sentences in David Brooks' latest book "The Social Animal"
posted by The Whelk on May 4, 2011 - 64 comments

The Free-Banking vs. Central-Banking Debate

Out of thin air? "Have you ever said something like 'Let me buy you a beer next week'? I'm sure you have. We all issue promises of this sort. And we frequently use such promises as a form of currency... I have just described a simple credit exchange. Societies rely heavily on promising-making and promise-keeping. It is the foundation of all financial markets. I'd like to point out something about the promises you make. They are made 'out of thin air.' " [more inside]
posted by kliuless on Apr 14, 2011 - 47 comments

"Leading bankers destroy £7 of value for every pound they generate."

The New Economics Foundation, also responsible for the Happy Planet Index and Jubilee 2000 campaign, has released a study (full text here) about the values and costs of different professions to society.
posted by emjaybee on Jan 10, 2010 - 16 comments

So what?

STEP 1 Buy 100 pieces of crap from thrift stores and garage sales.
STEP 2 Get 100 authors to write a fiction about pieces of crap.
STEP 3 ???
STEP 4 Profit!
Significant Objects hosts the stories for all 100 pieces of crap/art, but the last six are still available for bidding: Blue Vase by Lauren Mechling, Umbrella Trinket by Bruce Holland Rogers, Lighter Shaped Like a Small Pool Ball by Rob Agredo, Bar Mitzvah Bookends by Stacey Levine, Geisha Bobblehead by Edward "ed" Champion, and Missouri Shotglass by Jonathan Lethem.
posted by carsonb on Nov 14, 2009 - 12 comments

Renewing the economics of theatre

The recession has hit the theatre world (and the arts scene in general) very hard - but some argue that theatre practitioners aren't doing themselves any favours when seeking funding. The main question insufficiently addressed is "who is the funding for?" - hint: it's not about you. Approaching theatre as a product isn't working, not when MFA acting programs don't often allow its graduates to earn enough to earn back their debt. So now the question is: how can the economics of theatre be changed?
posted by divabat on Mar 29, 2009 - 60 comments

What happens when the stock market goes to zero?

Why are these companies free? In which we learn about "negative enterprise value" and an interesting prospect of using a market collapse to get free money. "Seemingly, a buyer who can afford all of the shares can end up being paid to own these companies."
posted by Cool Papa Bell on Mar 12, 2009 - 28 comments

Delta Project on Postsecondary Education Costs

The Delta Project recently released a new report on Trends in College Spending. The NYTimes summarizes.
posted by SeizeTheDay on Jan 15, 2009 - 14 comments

insert extremely clever title here

Fortunes are rarely won by playing it safe. On the contrary, the biggest fortunes have been won by those willing to step outside the box and change the way the game is played. Following are twenty-five business innovators of the past, present, and future whose stories are different in many respects, but all point to the same truth: Ingenuity, improvisation, and daring are more important than following the rules (even though you might find yourself on the wrong side of the law once in a while). Via Fortune. [more inside]
posted by infini on Aug 2, 2008 - 31 comments

Imagine It!

Teams of student entrepreneurs around the world had six days to add value to a stack of Post-It notes as part of Global Entrepreneurship Week. The results are documented in Imagine It!, which aims to promote creative thinking. [more inside]
posted by divabat on May 7, 2008 - 20 comments

The Blood of Heroes

Valiant Comics are Back! After a brief surge in popularity and value at the start of 1991, Valiant comics soon died during the great comic crash of the mid nineties. Now it seems that valiant comics are worth their weight in gold with comics worth only a few dollars (or less) a few years ago, now bringing in 200 dollars. Is this surge in price a sign of a new comic book crash or are collectors finally finding value in Turock and Man-O-War?
posted by drpartypoopercrankypantsesquire on Apr 9, 2004 - 17 comments

Does an appearance in the 1997 Disney flop "Flubber" make a classic T-bird worth more?

Does an appearance in the 1997 Disney flop "Flubber" make a classic T-bird worth more? Or less?
posted by kcmoryan on Nov 23, 2001 - 3 comments

Reed's Law

Reed's Law is about how, under certain conditions ("Group Forming Networks") the value created by a network, rather than being quadratic as predicted by Metcalfe's Law, becomes exponential. What's interesting is his discussion of the kind of networks he's talking about (chat rooms, eBay and … MetaFilter?) and what happens in them. Trouble is, I can't quite follow him! Can you?
posted by rodii on Jan 29, 2001 - 1 comment

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