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The Economics of Amtrak

Amtrak’s co-CEO Wick Moorman has announced that the passenger railroad is thinking of offering a new service to compete with the airlines: economy seating that is crammed together as tightly as airline seats. This was immediately blasted...Show More Summary

CNN Pushes Democratic Policy and Talking Points on Health Care

On CNN's New Day Tuesday morning, CNN Global Economic Analyst Rana Foroohar advocated for a single-payer health care system. She ridiculously claimed the following: You know, I think really what we need and what most countries have is...Show More Summary

Flawed 'gravity model' Brexit predictions were 'overly pessimistic' about the economy, study says

The estimates of the economic impact of Brexit were "overly pessimistic," a new report has suggested. The Policy Exchange think tank says the models used to assess Brexit's impact were misleading. The report says the effect of leaving...Show More Summary

American carnage?

Institute for New Economic Thinking Lance Taylor describes his thinking on the great divide.  Worth a look: President Trump, in his inaugural address and elsewhere, rightly says that over the decades since 1980 American household distributions of income and wealth became strikingly unequal. But if recent budget and legislative proposals from Trump and the House […]

Amazon’s New Customer | Ben Thompson

Amazon’s New Customer | Ben Thompson: Thompson is one of the smartest people thinking deeply about the new economics of our era. He disassembles the Whole Foods acquisition by Amazon with cutting logic: Amazon wins in its many markets...Show More Summary

The Hidden Cost of Privatization

The Hidden Cost of Privatization by Nina Shapiro at Institute for New Economic Thinking  is an excellent read. This conception of government, of course, is not new. “Small government” has been a hallmark of the Republican Party for decades, and the privatization of government properties and services has been increasing worldwide since the 1980s. In the […]

The Importance of Fairness: A New Economic Vision for the Democratic Party

A lot has been written recently about the direction of the Democratic Party. This is what I think. The post The Importance of Fairness: A New Economic Vision for the Democratic Party was originally published at The Wall Street Examiner. Follow the money!

Are Students an Economic Class?

Students are the new NINJAs: No Income, No Jobs, no Assets. Students usually don’t think of themselves as a class. They seem “pre-class,” because they have not yet entered the labor force. They can only hope to become part of the middle class after they graduate. Show More Summary

Steven Pearlstein Says the Washington Post Can't Find Someone Who Understands Economics to Write About Economic Issues

Yes, it's yet another example of the skills shortage. In the middle of his review of a new book by Mervyn King, the former head of the Bank of England, Steven Pearlstein tells readers: "If you are like me, just thinking about the constant...Show More Summary

Donald Trump Thinks He Invented the Phrase “Priming the Pump”

2 months agoNews : Slate: The Slatest

In a new interview with the Economist, President Donald Trump, who has a degree in economics from one of the country’s top business schools, suggests that he himself came up with the phrase “priming the pump”—a common term for government...Show More Summary

Does Creativity Breed Inequality In Cities?

Richard Florida thinks so. In his new book, the urban theorist says sometimes the most innovative cities also have the worst social and economic disparity

America Is Regressing into a Developing Nation for Most People

A new book reveals that the U.S. is becoming two distinct countries, with separate economies, politics and opportunities. This post originally appeared on the blog of the Institute for New Economic Thinking. You’ve probably heard the...Show More Summary

Kate Raworth, Old economics is based on false ‘laws of physics’ – new economics can save us

Kate Raworth, Old economics is based on false ‘laws of physics’ – new economics can save us: underpaidgenius: Think ecologically, not economically: So how can economic policymakers be more like gardeners in their approach? They should...Show More Summary

Is my new car economical? How does a Mazda 3 compare to other small cars?

3 months agoVehicles / Cars : Car Advice

No surprise: Fuel consumption is a key consideration for many Australian new car buyers, primarily because it tends to directly affect your weekly budget and spend. And fair enough. If you think of a car which averages 10L/100km, driven 15,000km a year and filling up at $1.25 per litre, it will cost you about $1875 […]

A Record High 40% Tell CNBC Economy is ‘Good or Excellent’

Many Americans think the economy is going to be great again. A new CNBC poll indicated record high optimism about the the economy under President Donald Trump. CNBC senior economics reporter Steve Liesman told Squawk Box viewers on April...Show More Summary

The key driver of Britain's wildly inflated property market might not be what we think it is

LONDON — The argument that Britain's house prices have risen in the past three or four decades due to a supply-demand issue is wrong, a new academic research paper presented to the Royal Economic Society this week suggests. Conventional...Show More Summary

Why GDP Could Stand for Going to Destroy the Planet—We Need New Economic Measures for a Sustainable Economy

As long as GDP growth is the primary economic goal, achieving prosperity for all within the means of what the Earth can provide simply isn't possible. The following excerpt is from the new book Doughnut Economics: 7 Ways to Think Like...Show More Summary

Democrats should be more comfortable discussing economic growth

STEVE BANNON is right. This week, in a New York Times Magazine piece otherwise dedicated to the President’s dance with Congress, he offered this: I think the Democrats are fundamentally afflicted with the inability to discuss and have an adult conversation about economics and jobs, because they’re too consumed by identity politics.

Spray-On Solar

New material may make 'spray-on' solar power a reality Chisaki Watanabe Bloomberg, March 26, 2017 (St. Louis Posty-Dispatch) “…[R]esearchers and company executives think there's a good chance the economics of the $42 billion [solar]Show More Summary

ANOTHER REASON TO REVISIT BAKER V. CARR? Politically and economically, you can think of New York …

ANOTHER REASON TO REVISIT BAKER V. CARR? Politically and economically, you can think of New York as actually two states, maybe three, lashed together. Downstate is rich, funded by high-skilled and high-productivity industries like finance and advertising. Show More Summary

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