Today we are fortunate to present a guest contribution written by Ricardo T. Fernholz, Assistant Professor of Economics at Claremont McKenna College. Recent trends in income and wealth inequality have drawn much attention from both academics and the general public. Atkinson, Piketty, and Saez (2011) and Saez and Zucman (2014), among others, document these trends […]
On Tuesday, USDA’s Economic Research Service (ERS) updated its Food Price Outlook for 2015. ERS stated that, “The all-items Consumer Price Index (CPI), a measure of economy-wide inflation, fell 0.5 percent from December to January and is 0.1 percent below the January 2014 level.” More specifically, Tuesday’s update noted that, “Looking ahead to 2015, ERS […]
Australian dollar has pushed higher after official economic growth figures.
Local market extends losses at midday, following subdued official economic data.
New data highlights that carbon pricing’s effect on trade competitiveness in Australia falls on a small number of industries. And the two or three that are materially affected are hardly national economic champions.
Motor vehicle sales fell for the 3rd straight month in January, down -2.6 to a 16.2 million annual rate. Foreign vehicle sales fell -8.8% to a 3.1 million rate, while sales of vehicles made in North America fell 0.7% to a 13.5 million rate. The Gallup Economic Confidence Index fell -2 points to 1 in […]
Several conservative economic thinkers including CNBC's Larry Kudlow and media magnate Steve Forbes recently formed the Committee to Unleash American Prosperity in an effort to persuade aspiring presidents to focus on “the paramountShow More Summary
Daily Economic History: From George Dangerfield: [The Era of Good Feelings](http://www.amazon.com/gp/product/0929587146/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0929587146&linkCode=as2&tag=brde-20&linkId=5VKBBJWVN5KZAUED):...Show More Summary
Please click here to see the edition of BuilderBytes for 3/3/15 on the Web. In this issue of the MetroIntelligence Economic Update, I covered the following indicators: January pending home sales rose to highest level in 18 months Fourth...Show More Summary
Artist reimagines paper currency as landscapes of ongoing social turmoil
“It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.” Murray...
Submitted by Simon Black via Sovereign Man blog, Only hours ago, Gallup released a new poll showing that only a small minority (just 17%) of Americans still view the US as the world’s economic superpower. Echoing former US Treasury Secretary...Show More Summary
While every other word from talking-heads and policy-makers relates various anecdotes (or simple lies) about US economic growth, The Atlanta Fed appears to have taken a 'data-dependent' perspective on the real economy (as opposed to smoke and mirrors). Show More Summary
1. The New Rambler, a new book review journal, edited by Eric Posner, Arian Vermeule, and Blakey Vermeule, looks very good plus I owe them a review. 2. Toulouse School of Economics magazine (pdf). 3. WaPo covers the best places to visit internationally, now that the dollar is stronger. 4. How much did ATMs displace […]
The economic recovery has not benefited Americans equally. We all know that. But few facts underscore that point more clearly than the startling number of consumers whose financial futures have been put on hold by subprime credit scores. A...Show More Summary
Restaurants, home cooks and now a growing number of cities are embracing the belief that efficiency, composting and wasting less in the kitchen are just smart economics.
Co-authored by Grant Cooke For three decades, I have been describing what is a major, perhaps a megatrend change in energy systems and their economics that impacts communities around the world. This emerging trend is what I call The Green Industrial Revolution (GIR). Show More Summary
Researchers have found that environmental elements during the first year of one's life (including nutrition and health status, family structure, and economic and emotional factors) play a key role in determining one's growth and final adult height.
(March 3, 2015 03:53 PM, by David Henderson) As regular readers of my posts on Econlog know, although I am often critical of Paul Krugman, I defend him when he's doing good economics (here, for example). His New York Times column yesterday, though, "Walmart's Visible Hand," essentially throws... (4 COMMENTS)