Celebrating humanity's flourishing through the spread of capitalism and the rule of law
03 Jun 2016 Leave a comment
in budget deficits, business cycles, economic growth, economic history, Euro crisis, financial economics, fiscal policy, global financial crisis (GFC), macroeconomics Tags: Greece, Ireland, Italy, Portugal, public debt management, sovereign debt crises, sovereign defaults, Spain
I had borrowed a lot of money from scratch after 2007. Greece borrowed a lot of money of its own accord from 2010. Italy always owed a lot of money. Spanish do not know all that much money considering their dire financial circumstances.
Source: OECD Economic Outlook June 2016 Data extracted on 01 Jun 2016 12:57 UTC (GMT) from OECD.Stat
02 Jun 2016 Leave a comment
in applied price theory, economic history, entrepreneurship, transport economics Tags: budget airlines, entrepreneurial alertness
02 Jun 2016 Leave a comment
in defence economics, economic history Tags: Cold Wall, military spending
02 Jun 2016 Leave a comment
in business cycles, economic growth, economic history, global financial crisis (GFC), great recession, labour economics, labour supply, unemployment Tags: British economy, Canada, equilibrium unemployment rate, France, Germany, natural unemployment rate
I do admire the way in which the USA has been able to have a steadily falling equilibrium unemployment rate since 1984 through thick and thin. The Great Recession had no impact on the US equilibrium unemployment rate. Not only has the largest member been able to do this, the OECD host country (red squares) has had a pretty steady natural unemployment rate too all things considered.
Source: OECD Economic Outlook June 2016 Data extracted on 01 Jun 2016 12:40 UTC (GMT) from OECD.Stat
01 Jun 2016 Leave a comment
in applied price theory, applied welfare economics, economic history, entrepreneurship, financial economics, human capital, labour economics, poverty and inequality, unions Tags: entrepreneurial alertness, inherited wealth, superstar wages, superstars, top 0.1%, top 1%
Of the 15 inheritance based billionaires, three are from the Walton family, two are the Koch brothers and another three are from the Mars family.
Source: The world’s top 50 billionaires: A demographic breakdown.
01 Jun 2016 Leave a comment
in economic history, economics of religion Tags: India
India
31 May 2016 Leave a comment
in development economics, economic history, economics, growth disasters, growth miracles Tags: The Great Fact
31 May 2016 Leave a comment
in applied price theory, applied welfare economics, economic history, international economics Tags: 2016 presidential election, left-wing populists, right-wing populists
30 May 2016 Leave a comment
in economic history, health economics, population economics Tags: Australia, life expectancies, The Great Escape
The graph shows how many years you have left if aged 25 to 29 in 1990.
Source: Life Expectancy: progress from 1990 to 2013 | Health Intelligence.
30 May 2016 Leave a comment
in economic history, health economics Tags: life expectancies, The Great Escape
30 May 2016 Leave a comment
in comparative institutional analysis, economic history, economics of bureaucracy, entrepreneurship, industrial organisation, politics - USA, Public Choice, survivor principle Tags: entrepreneurial alertness, industry policy, Internet, picking roses, picking winners
30 May 2016 Leave a comment
in development economics, economic history, growth disasters, growth miracles Tags: Latin America, The Great Escape, Withering away of the proletariat
Source: World Bank Economic slowdown puts the brakes on middle class growth in Latin America | The Data Blog
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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