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Book review: The Lies We Were Told, by Simon Wren-Lewis

Simon Wren-Lewis started a blog in 2011, the unassuming but highly respected Mainly Macro. He has been commenting on it ever since as an economist and academic, and The Lies We Were Told gathers together the best of his blog posts into a book. The years since 2011 have been eventful and the book covers […]
Tags: Books, Economics, Politics


Has China’s one child policy increased crime?

Crime rates in China have increased more than six-fold over the past three decades. Likely causes include extraordinary economic growth and rising inequality, mass rural-urban migration, and the erosion of traditional values. China’s one child policy may, however, have also played a role. At the same time as crime has increased, the one child policy, coupled with a strong preference of Chinese parents for sons over daughters, has resulted in there being approximately 120 boys for every 100 girls...
Tags: Featured, Business & Economics, Journals, Social Sciences, Asian Economics, Behavioural Economics, China, China's economy, Chinese Economics, Crime, Crime Statistics, Criminology, Dandan Zhang, Economics, Lisa Cameron, One-child Policy


Recession fears hit global markets, but German morale improves - business live

Rolling coverage of the latest economic and financial news, as markets are hit by anxiety over the global economyLatest: German business morale has picked upIntroduction: Asian markets slide amid recession worriesEuropean markets fallScramble for government bonds pushes down yields‘Inverted’ yield curve raises recession fearsNikkei falls 3%, biggest drop of 2019 10.37am GMT Here’s IFO president Clemens Fuest’s take on Germany’s economy, based on its survey of German business leaders:In manuf...
Tags: Business, Stock markets, FTSE, UK news, Economics


Asian stocks slump as US recession fears grip markets

Australian treasury yields hit a record low in a grim portent for the economy, while the Nikkei falls 3% in wider share selloffShares in Asia Pacific have slumped after a key market indicator flashed an “amber warning” that the United States is heading for a recession.Bond yields also continued to fall across the world with Australian 10-year treasury yields falling to a record low on Monday of 1.756% in what analysts see as a strong indicator of a downturn hitting the resource-rich country. Con...
Tags: Stock markets, Economics, US economy, Australian economy, Australia news, Currencies, Asia Pacific, Business


Italy and China in plan for new Silk Road-style trade network

Xi Jinping visits Rome as Italy becomes first G7 country to back Belt and Road initiativeItaly has become the first G7 country to endorse a contentious plan by China to build a Silk Road-style global trade network, irking its EU and US allies.The prime minister, Giuseppe Conte, and the Chinese president, Xi Jinping, have signed a non-binding memorandum of understanding (MoU) that could lead to Italy’s participation in China’s Belt and Road initiative (BRI), an ambitious project that envisages Ch...
Tags: Italy, China, International trade, Asia Pacific, Economics, Europe, Global economy, World news, Xi Jinping, Giuseppe Conte


UPSC Economic Statistical Service Recruitment Examination 2019

Indian Economic Service & Indian Statistical Service  Recruitment Examination by UPSC The Union Public Service Commission (UPSC), New Delhi will hold the Indian Economic Service (IES)/ Indian Statistical Service (ISS) Recruitment Competitive Examination 2019 commencing from 28th June 2019 for recruitment to Grade IV of the Indian Economic Service (IES) and Indian Statistical... Please Click on the Title to Read Full Details. [Author: [email protected] (SarkariNaukriBlog com)]
Tags: Commission, Economics, Officer, Online, PSC, Recruitment Examination, Statistics, UPSC


This Closely Watched Economic Indicator Is Suddenly Signaling a Recession Ahead

The so-called 'yield curve' has predicted several major recent recessions
Tags: Uncategorized, Bloomberg, Economics


The long-term effects of life events on happiness are overestimated

Estimates about how people assess their future well-being are the basis of many decisions, which means they are also of economic interest. But how accurate are people in the predictions of their own well-being? It turns out that people tend to make systematic mistakes when predicting their subjective well-being after major life events. We focused on people who had experienced major life events such as marriage, the death of a partner, invalidity, unemployment, separation, or divorce. The results...
Tags: Featured, Business & Economics, Journals, Social Sciences, Academic Research, Alois Stutzer, Behavioural Economics, Economics, Economics And Psychology, Economics Journal, Economics Of Happiness, JEEA, Journal of the European Economic Association, Misprediction, Reto Odermatt, Well Being


The colossal problem with universal basic income

Universal basic income is a band-aid solution that will not solve wealth inequality, says Rushkoff. Funneling money to the 99% perpetuates their roles as consumers, pumping money straight back up to the 1% at the top of the pyramid.Rushkoff suggests universal basic assets instead, so that the people at the bottom of the pyramid can own some means of production and participate in the profits of mega-rich companies. Team Human b...
Tags: Money, Automation, Work, Politics, Policy, Social change, Humanity, Capitalism, Economics, Consumerism, Inequality, Universal basic income


Scottish government set to miss its child poverty targets – report

UK-wide austerity blamed as predictions put figure at 29% – rather than 18% – in 2023 The Scottish government is at risk of missing its own child poverty targets by more than 100,000 children, according to projections from the Resolution Foundation.Westminster austerity measures will put child poverty across the country on course to hit a 20-year peak of about 29% of children living in relative poverty by 2023, its report forecasts. The figure is considerably higher than the Scottish government’...
Tags: Scotland, Poverty, Welfare, Austerity, UK news, Economics, Politics


Trump looks good for 2020, experts say, because 'economy is so damn strong'

Wall Street economists claim low unemployment rate and rising GDP point to Trump victory, despite his poor personal pollsForget Robert Mueller and Stormy Daniels. Ignore Russia. If the election were held today, Donald Trump would win – and if America’s economy remains robust he may well win again in 2020, according to Wall Street. Related: The race for 2020 is on. The time to prioritize the Hispanic vote is now | Claudia Romo Edelman Continue reading...
Tags: Business, Russia, America, Economics, World news, US news, US economy, Donald Trump, Trump, Stormy Daniels, Robert Mueller, US elections 2020, Claudia Romo Edelman


US-China trade: Trump says tariffs on Beijing may linger

‘We have to make sure that if we do the deal, China lives by it,’ says president ahead of resumption of trade talksDonald Trump has warned that the United States may leave tariffs on Chinese goods for a “substantial period” to ensure that Beijing complies with any trade agreement, while later emphasizing he wanted them to reach a “great” trade deal.Trade talks are set to resume next week and Chinese officials have been pressing for a full lifting of US tariffs as part of any deal. Continue readi...
Tags: Business, China, US, Economics, World news, US news, Beijing, United States, Asia Pacific, Global Economy, Trump, US China, Trump Administration


Global stock markets gain as investors predict cautious Federal Reserve – as it happened

Central banks in spotlight amid Brexit uncertainty and growth concerns 3.02pm GMT A placid day on global stock markets has been enlivened by a series of big-money corporate announcements.Shares in Deutsche Bank and Commerzbank have both risen after they finally confirmed that merger talks are going on. There is still a long way to go politically and financially before any deal is finalised, but the German government will be hoping that it can spur the creation of national champion after a de...
Tags: Europe, Business, China, US, Economics, Bank Of England, UK News, World news, US economy, Deutsche Bank, Eurozone, Federal Reserve, Brexit, Jd Sports Fashion, Commerzbank, Jerome Powell


Global stock markets gain as investors predict cautious Federal Reserve – business live

Central banks in spotlight amid Brexit uncertainty and growth concerns 8.04am GMT The FTSE 100 has risen at the start of the week, up by about 0.3% in the first minutes of trading.Early gainers on London’s blue-chip index include Rio Tinto, Rolls-Royce and BHP Group. 8.00am GMT Germany’s two largest listed banks revealed they have started formal merger talks at the weekend, after a long period of struggles at Deutsche Bank.Commerzbank told investors that it has started “discussions with ...
Tags: Europe, Business, London, China, Germany, Economics, Bank Of England, UK News, World news, US economy, Deutsche Bank, Eurozone, Federal Reserve, Brexit, Jd Sports Fashion, Jerome Powell


What socialism is — according to Michael Harrington

Michael Harrington was a public intellectual who strove to help the poor and inspired a generation of socialists. He was the first chairman of the Democratic Socialists of America, and nearly ran for president in 1980. While he is far from the only influential thinker on the American left, his ideas have had an outsized influence over the last sixty years. The United States is seeing a renewed interest in left-wing ideas. Chicago might have five socialists on its city council by April, a democra...
Tags: Politics, Sweden, Activism, Democracy, Germany, America, Economics, Poverty, Chicago, United States, Capitalism, Innovation, Ussr, Karl Marx, Cuba, Bernie Sanders


China's "pawn shops" have loaned $43B, mostly secured by real-estate

In reports of China's looming debt crisis, it's common to see references to the "shadow finance" or "shadow banking" system, but it's not always clear what these terms mean. One concrete -- and growing -- example of the shadow banking system is the Chinese "pawn-shop" industry, who have $43B in outstanding loans, mostly made to business-owners for working capital, and largely secured by real-estate holdings. These are essentially payday loans for businesses, and come with exorbitant intere...
Tags: Post, Business, News, China, Debt, Economics, Beijing, Shanghai, Graeber, Bloomberg News, Bubblenomics, Mmt, Shadow Banking, 30 Percent Apr


Why Russia and China are besties

Russia is not a European power, nor does it strive to be, says Parag Khanna. It is a Eurasian power.Western sanctions on Russia, coupled with Asian's economic rise, has inspired Russia to pivot toward China – its largest trading partner.The West would understand Russia better if it fully considered Russia's economic reorientation toward Asia, and especially China. The Future Is Asian by now at amazone --> List Price: $29.95 ...
Tags: Asia, Politics, China, Russia, Economics, Innovation, Parag Khanna, Global Issues


20% of gamblers attempt suicide — why don't we take the addiction more seriously?

Gambling addiction has been shown to have the same pharmacological effects as opiates. Eighty-five percent of all gambling revenue comes from slot machines. Casinos are designed to disorient and confuse patrons, from the lighting and carpeting to the key of machine sounds. None The smell is the first assault even though the triggers for sensory overload occur concurrently. That is by design. As the fog of cigarette smoke invades your nostrils (and clothing; look forward to those dry cleaning bil...
Tags: Gaming, Suicide, America, Neuroscience, Debt, Economics, BBC News, Innovation, Addiction, Las Vegas, Vegas, Trump, Derek, Cirque Du Soleil, Rutgers University, Chris Hedges


UK signs post-Brexit trade deal with Fiji and Papua New Guinea

Ministers rush to do deals with countries UK trades with under EU free trade arrangementsBritain has signed a post-Brexit trade deal with the Pacific islands of Fiji and Papua New Guinea, as the government rushes to sign as many agreements as possible before 29 March.The Department for International Trade said the agreement would maintain access to goods including sugar and fish imported from the islands 10,000 miles away. Total trade between Britain and the region is worth about £369m a year. C...
Tags: Europe, Business, Politics, UK, International Trade, Economics, Eu, European Union, UK News, Britain, Asia Pacific, Global Economy, Papua New Guinea, Pacific, Fiji, Brexit


Barter and dollars the new reality as Venezuela battles hyperinflation

As inflation soars, Venezuelans have been forced to find new ways to pay for essentials – when the power supply allows“Barter” reads a simple sign on Angelica Monasterios’s stall in Cupira, a town on the main road east from Caracas. Her niece painted the sign for her in early February, after spiralling inflation and vanishing reserves of hard cash made it hard to do business. Related: 'A city of shadows': fear as Venezuela's crippling blackout enters day four Continue reading...
Tags: Business, Americas, Economics, World news, Inflation, Venezuela, Caracas, Angelica Monasterios, Cupira


Spring statement 2019: the chancellor's key points at a glance

Philip Hammond has delivered his spring statement – here are the main points• Spring statement 2019 - live blog• Forecast of 1.2% growth for 2019. Continue reading...
Tags: Business, Politics, Economics, UK News, Inflation, Philip Hammond, Brexit, Spring statement 2019


The unexpected cost of living for a very long time

Medical advances have increased our longevity by decades, says Michael Dowling, president and CEO of Northwell Health. That benefit comes with an unintended disadvantage – high costs. Bringing the overall cost of health care down is near impossible, as an increased life expectancy brings new diseases and procedures with it.Reducing the out-of-pocket cost is a separate issue, however. It is possible and necessary to lower costs so they don't become a barrier to people seeking care. ...
Tags: Health, Money, Medicine, Life, Aging, Future, Economics, Innovation, Health Care, Humanity, Michael Dowling, Northwell Health That


Buckminster Fuller Rails Against the “Nonsense of Earning a Living”: Why Work Useless Jobs When Technology & Automation Can Let Us Live More Meaningful Lives

We are a haunted species: haunted by the specter of climate change, of economic collapse, and of automation making our lives redundant. When Marx used the specter metaphor in his manifesto, he was ironically invoking Gothic tropes. But Communism was not a boogeyman. It was a coming reality, for a time at least. Likewise, we face very real and substantial coming realities. But in far too many instances, they are also manufactured, under ideologies that insist there is no alternative. But let’s a...
Tags: Google, Art, Politics, Technology, Education, College, Economics, Creativity, Sxsw, Marx, Facebook Twitter, Josh Jones, Bill Black, Kottke, Fuller, Buckminster Fuller


Andrew Yang on why universal basic income won't make people lazy

2020 Democratic president candidate Andrew Yang discussed his views on universal basic income with The Fifth Column.Andrew Yang is the only candidate who's made universal basic income central to his platform.His 'Freedom Dividend' plan aims to give every American – no matter their income – $1,000 a month. None A crowded field of 2020 Democratic presidential election candidates has left many executive hopefuls wasting no time trying to distinguish themselves. But while some are focusing on identi...
Tags: Politics, Economics, Innovation, Foster, Yang, Alaska Permanent Fund, Andrew Yang


How financial insecurity sinks American IQ scores

Not being able to pay your bills has the functional equivalent of lowering your IQ by 13 points. Many Americans have scarcity mindsets because of their inability to pay their bills. In a scarcity mindset, your functional bandwidth decreases — it influences you to be less generous and less reasonable. The opposite of a mindset of scarcity is a mindset of abundance, which is what many entrepreneurs have. Abundance mindsets tend to build on to themselves if the environment is right. ...
Tags: Psychology, Security, Science, Money, Finance, Neuroscience, Economics, Intelligence, Brain, Innovation, Fear, Universal Basic Income, Andrew Yang, Bigthink.com, 16x9


New alternative to Trump's wall would create jobs, renewable energy, and increase border security

The proposal was recently presented to several U.S. members of Congress.The plan still calls for border security, considering all of the facilities along the border would be guarded and connected by physical barriers.It's undoubtedly an expensive and complicated proposal, but the team argues that border regions are ideal spots for wind and solar energy, and that they could use the jobs and fresh water the energy park would create. None "What should the U.S. do about The Wall?" is a question that...
Tags: Energy, Politics, Congress, Mexico, Economics, Policy, United States, Arizona, Innovation, Solar Energy, Arizona State University, Alternative Energy, Gulf, Southwest, Baja California, Trump


Forget ‘The Wall’: Build an ‘energy-water’ corridor along the border instead.

The proposal was recently presented to several U.S. members of Congress.The plan still calls for border security, considering all of the facilities along the border would be guarded and connected by physical barriers.It's undoubtedly an expensive and complicated proposal, but the team argues that border regions are ideal spots for wind and solar energy, and that they could use the jobs and fresh water the energy park would create. None "What should the U.S. do about The Wall?" is a question that...
Tags: Energy, Politics, Congress, Mexico, Economics, Policy, United States, Arizona, Innovation, Solar Energy, Arizona State University, Alternative Energy, Gulf, Southwest, Baja California, Castillo


Union Bank Specialist Officer Recruitment 2019-20

Union Bank Specialist Officers Recruitment 2019-20   ( = || []).push({}); Union Bank of India (UBI),  a leading listed Public Sector Bank  is serving the Nation, with Head Office at Mumbai and having Pan India as  well as Overseas presence. Union Bank invites applications online application for the recruitment of Govt. Job vacancy... Please Click on the Title to Read Full Details. [Author: [email protected] (SarkariNaukriBlog com)]
Tags: Security, Jobs, Fire, Economics, Online, Treasury, Forex, Bank, Credit, Mumbai, Officer, Economist, Union Bank, CA-ICWA-Finance, Public-Sector, Specialist


Is there such a thing as an anarchist capitalist?

Even though anarchy and capitalism seem like they're diametrically opposed, there are some out there who call themselves anarcho-capitalists.A more extreme version of libertarianism, anarcho-capitalism argues that there ought to be no state whatsoever; the free market can sort everything out, and if left alone, will ensure everybody's liberty.The philosophy attracts considerable criticism, both from anarchists, who argue that capitalism is inherently exploitative, and from people with more tradi...
Tags: Work, Guns, America, Markets, Economics, Capitalism, Innovation, Inequality, Goldman, Steven Pinker, State, Noam Chomsky, Chomsky, Friedman, David Friedman, Ron Swanson