"We wish you luck with your future career."
A rejection letter that @U2 received in 1979. pic.twitter.com/4aKmUHwXoC
— Vala Afshar (@ValaAfshar) January 30, 2016
A rejection letter that @U2 received in 1979
30 Mar 2016 Leave a comment
in economic history, economics of media and culture, entrepreneurship, Music Tags: entrepreneurial alertness, U2
How much of Swedish power is renewable energy?
28 Mar 2016 Leave a comment
in economic history, energy economics, environmental economics Tags: hydroelectric power, renewable energy, solar power, wind power
All part of @BernieSanders’ good old days before the top 1% looted everything
26 Mar 2016 Leave a comment
in applied welfare economics, economic history, economics of media and culture, politics - USA, poverty and inequality, technological progress
@suemoroney the Maori economy is not $39 billion, it is much more @Maori_Party
26 Mar 2016 Leave a comment
in economic history, economics of education, human capital, labour economics, politics - New Zealand Tags: Maori economic development
Much of the non-European human capital in New Zealand is Maori and it far exceeded $39 billion 20 years ago or more. Attempts to quantify the Maori economy by counting up the value of Maori institutions and businesses distracts from the main priority for Maori economic development which is education, education, education.
Source: Lˆe Thi. Vˆan Tr`ınh, Estimating the monetary value of the stock of human capital for New Zealand, University of Canterbury PhD thesis (September 2006), Table 4.6: Aggregate human capital stock by ethnicity.
Was Occupy Wall Street based on a measurement error?
26 Mar 2016 Leave a comment
in applied welfare economics, economic history, entrepreneurship, human capital, labour economics, poverty and inequality Tags: entrepreneurial alertness, superstar wages, superstars, top 0.1%, top 1%
Piketty and Saez (2003, updated) estimated the share of income held by the top 1% from 13 percent in 1991 to 23 percent in 2012. The new Bricker et al. research shows only a 7 percentage point increase to 18 percent in 2012. The share held by the super-rich, the top 0.1% has increased much at all.
Source: Measuring income and wealth at the top using administrative and survey data via How super-rich Americans get that way is changing – AEI | Pethokoukis Blog » AEIdeas.
Source: Measuring income and wealth at the top using administrative and survey data via How super-rich Americans get that way is changing – AEI | Pethokoukis Blog » AEIdeas.
Bugger the top 1% – it is the retired who are going from strength to strength
24 Mar 2016 Leave a comment
The rapid diffusion of household appliances
24 Mar 2016 Leave a comment
The program I watched the other day on the history of refrigeration and air conditioning was one of the more interesting technology history shows I have watched.
New Zealand’s renewable energy as a percentage of the total primary energy supply
24 Mar 2016 Leave a comment
in economic history, energy economics Tags: geothermal power, renewable energy, solar power, wind power
Poverty reduction in Africa is even greater than previously thought
24 Mar 2016 Leave a comment
in applied welfare economics, econometerics, economic history, growth disasters, growth miracles Tags: Africa, extreme poverty, global poverty, The Great campus game
Median Income for Married Couples with Both Spouses Working
23 Mar 2016 Leave a comment
in economic history, economics of love and marriage, labour economics Tags: asymmetric marriage premium, middle class stagnation, pessimism bias, wage stagnation
Source: Mark Perry.
The 1st @PaulKrugman on globalisation & development @harleyhs #TPPANoWay
22 Mar 2016 Leave a comment
in development economics, economic history, growth disasters, growth miracles, international economics Tags: anti-market bias, antiforeign bias, GATT, gender analysis, gender wage gap, makework bias, NAFTA, pessimism bias, preferential trading agreements, rational irrationality, TPPA, WTO
Source: Paul Krugman (1997) Enemies of the WTO.
This visiting American education professor who specialises in globalisation, claimed in the linked radio interview that real wages had fallen in the USA and Mexico. Even for the bottom 20% of the USA, their after-tax household incomes increased by 40% since 1979, with most of that after the signing of NAFTA.
Everything that is bad in crony capitalist Mexico is the fault of NAFTA if our visiting academic is to be believed despite trade tripling and investment increasing 600% because of NAFTA.
Women’s earnings growth has been perfectly fine over the last 40 years despite the horrors of NAFTA and the attack on unions and workers rights by a top 1% emboldened by NAFTA and globalisation, if our visiting academic is to be believed.
Gender analysis, gender analysis, where is his gender analysis of NAFTA? Few labour market statistics make sense without being broken down by sex because of the immense economic progress of women in the last 50 years. Can NAFTA claim credit for that?
Left-wing governments are rare in Australia
21 Mar 2016 Leave a comment
in constitutional political economy, economic history, politics - Australia, Public Choice Tags: Australian Labour Party, Bob Hawke, Gough Whitlam, left-wing governments, Paul Keating, Social Democrats
There have been one left-wing government in Australia since 1949. That was the Whitlam government elected between 1972 to 1975.
The Australian Labour Party defeated a tired and smelly Liberal National party government that had held office for 23 years. There was no landslide when it was time to throw out a 23 year government.
Gough Whitlam managed to beat dopey old Billy McMahon on a small swing and win a majority of 9 seats in 1972. That was later reduced to 7 in the 1974 election.
Hawke, Keating, Rudd and Gillard Labour governments were all social democratic governments. They were not left-wing governments.
Creative destruction in car industry market shares
21 Mar 2016 Leave a comment
in economic history, entrepreneurship, industrial organisation, international economics, survivor principle Tags: creative destruction
The Swedish tax mix as a percentage of GDP since 1965
21 Mar 2016 Leave a comment
in economic history, public economics Tags: growth of government, size of government, Sweden
Source: OECD Stat.
Utopia, you are standing in it! 
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