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Nobel-winning economist Kenneth J. Arrow dies at 95

Kenneth J. Arrow, the youngest-ever winner of a Nobel prize for economics, whose theories on risk, innovation and the basic mathematics of markets have influenced thinking on everything from voting … Click to Continue »

Ivanka Trump visits center for minority-owned businesses

Ivanka Trump expanded her research on economic policy Wednesday with a visit to a program for business owners in Baltimore. The first daughter visited the Raymond V. Haysbert Center for … Click to Continue »

Ten Great Economic Myths

Authored by Murray Rothbard via The Mises Institute, Our country is beset by a large number of economic myths that distort public thinking on important problems and lead us to accept unsound and dangerous government policies. Here are...Show More Summary

LGBTQ Advocates Condemn Shameful HB2.0 Proposal, Call on Legislators to Stop Playing Games

Today, Equality North Carolina and HRC strongly condemned a Republican-led proposal which would double down on the most discriminatory provisions of North Carolina’s HB2. After nearly a year of unprecedented economic suffering and discrimination,...Show More Summary

Kenneth Arrow, Nobel Prize winner whose theories changed modern economics, dies at 95

Kenneth Arrow, the Nobel Prize-winning Stanford economist whose groundbreaking work redefined the world’s understanding of the free marketplace, has died at his home in Palo Alto. Stanford University, where Arrow spent much of his career, reported that the economist died Tuesday at the age of 95....

Watching Katy Perry’s Dancing House Fall Offstage Will Teach You More About Economics Than The Big Short

Earlier this week, Katy Perry debuted the music video for her extremely woke anthem “Chained to Rhythm,” but it wasn’t until today’s Brit Awards that we learned the true depth and nuance of her societal critique. Let’s examine this video in which one of the many houses in her performance ... More »

Ivanka Trump visits center for minority-owned businesses

WASHINGTON (AP) — Ivanka Trump has expanded her research on economic policy with a visit to a Baltimore center for minority-owned small businesses. [...] attending were Linda McMahon, who heads the Small Business Administration, and Dina Powell, an assistant to the president and senior counselor for economic initiatives

North Korea downplays impact of China coal ban

3 hours agoHumor / odd : The Sideshow

A North Korean state economic official sought Tuesday to play down the impact of China's shock announcement that it was suspending coal imports from the country for the rest of the year. The move, which came shortly after another missile...Show More Summary

The World After The Post-War Golden Age Has Some Readjusting To Do

4 hours agoArts : Modern Art Notes

"For much of the world, the Golden Age brought extraordinary prosperity. But it also brought unrealistic expectations about what governments can do to assure full employment, steady economic growth and rising living standards. These expectations still shape political life today."

Despite Hurdles, Russia’s Eurasian Dream Lives On

Economic dependence and shared cultures and borders make it nearly impossible for the former Soviet republics to break ties with the Kremlin without shooting themselves in the foot. The post Despite Hurdles, Russia’s Eurasian Dream Lives On appeared first on Foreign Policy Blogs.

Jack Shafer on the Decline of Investigative Journalism: New at Reason

5 hours agoNews : Reason

Are we witnessing the decline of investigative journalism? Jack Shafer thinks so. Writing in Reason's April issue, Shafer explains how economic incentives, combined with the rise of cable TV and the web, have led led to an industry-wide retrenchment that is severely hurting the investigative beat. Here's why that matters, Shafer writes. Show More Summary

Pettis: Capital Flooding Into US as Global Trade Environment Deteriorates

Stock markets continue to roar higher on better global economic data and expectations for pro-growth policies from the US. Beneath the surface, however, it appears that capital is herding in a manner similar to prior market booms that didn't end too well...

"Very unattractive" workers can out-earn pretty people, study finds

New research challenges the "beauty premium" theory in economics that attractive workers are paid more just for being good-looking

A United Kingdom Is an Excellent Story of the Tension Between Economic Prosperity and Interracial Love

5 hours agoUnited States / Seattle : Slog

by Charles Mudede A United Kingdom explains why modern Botswana is democratic (the idea was already a part of its traditional political system). In 1987, my mother decided she'd had enough of Zimbabwe. The democratically elected black...Show More Summary

Unleashing the Internet: does the Caribbean have what it takes?

Last week, the Internet Society released what is likely to be a seminal report on the Internet in the Caribbean. Here, we introduce the report to our readers. The Internet is widely recognised as being a catalyst for economic growth and development, and Caribbean countries have been eager to embrace this platform to achieve those...

UBS Calls It: "The Global Credit Impulse Suddenly Collapsed To Negative"

One month ago, a skeptical Deutsche Bank warned that just as global macro surprises and economic momentum had hit 6 year highs, the bullish story was set to rollover from its current elevated levels... ... primarily as a result of a series of disappointing data points out of China... ... Show More Summary

Kenneth Arrow 1921-2017

Here is my obligatory Ken Arrow story upon hearing the news of his passing. Arrow was foundational in the field of welfare economics, a field on which most of environmental valuation (my field) is based. A while back--I want to say a decade or so, but really I have no...

Polls: Despite Media Onslaught, Americans Support Trump on Immigration and Refugees, Economic Optimism Rises

The Trump administration has released a new slate of executive orders pertaining to immigration. As Katie reviewed yesterday, one represents...

Economist Richard Wolff Explains the Differences Between Socialism and Capitalism

7 hours agoNews : Truthdig

In an interview with University of Massachusetts Professor of Economics Emeritus Richard D. Wolff, Actvism learns about the differing methods of economic organization.

Have We Reached The Emotional Stage Of Euphoria For Stocks?

In what world can aggregate debt of a country/business/household grow faster than its economy/income indefinitely? A world where math and logic no longer exist. Consider the circumstances for the United States. Economic growth as measured by the pace of gross domestic product (GDP) used to move in...

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