Nice paper by Ross Levine, Alexey Levkov, and Yona Rubinstein.
It makes case for bank deregulation looking at a different perspective altogether. They show bank dereg had led to lower racial inequality in US:
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How Dating Became a Lopsided Numbers Game | Jon Birger and Stefan Molyneux
13 May 2017 Leave a comment
in economics of love and marriage, labour economics Tags: dating market
Germany’s Solar Industry has Collapsed
13 May 2017 Leave a comment
in economics
Germany’s last surviving manufacturer of solar equipment, Bonn-based Solarworld has officially declared it will file for insolvency after six years of red ink.
Thousands of workers who banked their futures on solar jobs now face uncertain futures. Solarworld’s demise is the last in a spectacular series of solar manufacturer bankruptcies that swept across Germany over the past years, with names like Solon, Solar Millenium and Q-Cells going under.
According to Finanzen.net here, Solarworld had over 3000 employees on the payroll at the end of 2016.
In the early 2000s leaders and green energy proponents promised to turn parts of former communist East Germany into a “Solar Valley” that would boast secure, high paying hightech jobs. Today it’s a solar rustbelt with a ruined landscape of shattered visions and dreams. Spiegel calls it a “valley of tears”.
The problem is Chinese manufacturing, they manufacture solar equipment so cheaply that others cannot compete…
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I owned everyone of these bar the PC and Camcorder back then in the good old days
13 May 2017 Leave a comment
in economic history Tags: The Great Enrichment
Stephen Fry on Trump and the Dunning-Kruger Effect
13 May 2017 Leave a comment
in economics
Now here’s a 7-minute video featuring two intriguing people: one smart and funny, and the other the incompetent victim of the former’s sarcasm. I speak, of course, of Stephen Fry and Donald Trump, respectively, with Fry discussing whether Trump illustrates the Dunning-Kruger Effect: the observation that individuals of low ability tend to overestimate their competence more than do individuals of higher abilities. Lest this all depress you, note that Fry ends with a positive message.
The video, narrated by Fry, was put together by Pindex, and the YouTube notes are below.
For grins, here’s a screenshot showing Trump’s proposed budget changes:
Strange illusions shape Trumps views. In trying to protect America, he may unleash a killer that already claims 200,000 lives each year.
Voiced by Stephen Fry
Music by Hugh Mitchell: https://audiojungle.net/user/hughmitc…Pindex.com is a pinboard for learning. If you’re a teacher, there are many engaging Science, History and English boards…
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When science had no shame. Part 1: Why are nearly all sci-fi movies anti-science dystopia?
13 May 2017 Leave a comment
in economics
Market-based assurance of quality and performance alert
12 May 2017 Leave a comment
in economics of information, industrial organisation, survivor principle Tags: competition as a discovery procedure, experience goods, The meaning of competition experience goods
Why does an industry need regulation when incidents of malfeasance are front page news that closes the offending business for good? Social media is another market discipline of quality.
Sociologist documents what Gary Becker knew in 1957
12 May 2017 Leave a comment
Source: Pager, Devah. 2016. “Are Firms that Discriminate More Likely to Go Out of Business?” Sociological Science (September):849-859. PDF
In response to The Daily Blog…
12 May 2017 Leave a comment
in economics
Martyn “Bomber” Bradbury’s Daily Blog recently posted a report on a memorandum from law firm Franks Ogilvie to The New Zealand Initiative. It appears the memorandum has been disclosed following an ACT Party data breach. The memorandum set out the Franks Ogilvie’s views on the constitutional implications of the Resource Legislation Amendment Bill and, in particular, the Mana Whakahono a Rohe: Iwi Participation Arrangements.
At the Initiative we had our own, but different, concerns about the Bill, and we published an article in our weekly Initiative Matters column in The National Business Review critiquing the aspects of the Bill that required reconsideration. Entitled Dump Nick Smith’s Bill and Start Over, we criticised the provisions of the Bill which sought to formalise council consultation with iwi by forcing councils to enter into non-terminable agreements with iwi. Our concern was that this could lock in arrangements that might prove unworkable in…
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Utopia, you are standing in it! 
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