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Recent data showing declining transit ridership is only the latest news to cast doubt on expectations of a public transit renaissance. Source: Public Transportatiohttp://www.planetizen.com/files/styles/content_image/public/img/Ridership_VMT.jpg?itok=qtsQRlnQn Ridership: Three Steps Forward, Two Steps Back? | Planetizen: The Urban Planning, Design, and Development Network

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Understanding US Presidential elections

April 19, 2016

Trigger warning for the usual suspects

European Parliamentary Research Service Blog

Written by Carmen-Cristina Cirlig and Micaela Del Monte

Graphics by Giulio Sabbati

Understanding US Presidential elections © Callahan / Shutterstock.com

In July 2016, the two major US parties will nominate their respective official candidate for the 58th US presidential election which takes place in November. With less than three months before the national conventions, and a large number of delegates already allocated, on the Democratic side, Hillary Clinton is running ahead of Bernie Sanders towards the nomination. On the Republican side there is still much uncertainty about who will finally be named official candidate.

The President is head of state, head of government, and Commander-in-Chief of the armed forces. Thus, presidential elections are an important part of American political life. Although millions of American citizens vote in presidential elections every four years, the President is not, in fact, directly elected by the people. Citizens elect the members of the Electoral College, who then cast…

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Source: Thinking about The Great Leap Forward | Econbrowser

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Originally posted on Mostly Economics:
Robert Skidelsky, biography of John Maynard Keynes writes this nice article. He says biggest advantage Hayek enjoyed was he outlived Keynes by nearly 50 years. This allowed Hayek to spread his influence and Keynes to lose out his. The Austrian economist Friedrich von Hayek, who died in 1992 at the age of 93, once…

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Originally posted on Mostly Economics:
Interesting post by Prof Steven Horowitz. He says we usually think entrepreneurs to do big heroic things which is what Schumpeter also said. However, entrepreneurship could be incremental as well a la Kirzner: Opponents of economic freedom have a twisted view of entrepreneurs, imagining them to be greedy exploiters of both…

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India tried that in the 1950s as part of its five-year plans. It did not work that well. Bauer said that in development economics there is a “need to restate the obvious.” Source: Ending the Race to the Bottom – Bernie Sanders. Source: Indian Economic Policy and Development – P. T. Bauer (1959) – Google …

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