via Italy is the most likely country to leave the euro – The Washington Post.
Italy compared to Greece – bust without the boom
31 Jul 2015 1 Comment
in business cycles, currency unions, economic growth, economic history, Euro crisis, global financial crisis (GFC), macroeconomics Tags: Eurosclerosis, Greece, Italy, sovereign defaults
Amazon.com as a gale of creative destruction
30 Jul 2015 Leave a comment
in economic history, economics of media and culture, entrepreneurship, industrial organisation, survivor principle Tags: Amazon.com, business history, creative destruction, e-commerce, entrepreneurial alertness, Walmart
Amazon is now bigger than Walmart read.bi/1Lyy93u http://t.co/XBsLW2HG8o—
Business Insider (@businessinsider) July 24, 2015
Creative destruction in advertising revenue around the globe
30 Jul 2015 Leave a comment
in development economics, economic history, economics of media and culture, growth miracles, industrial organisation, survivor principle Tags: competition as a discovery procedure, creative destruction, digital media, legacy media, technology diffusion, The meaning of competition
Why I'm optimistic about digital media, in 2 charts vox.com/2015/7/28/9050… http://t.co/FrVpJC2e2F—
Vox (@voxdotcom) July 28, 2015
Deirdre McCloskey on the Samaritan’s dilemma
30 Jul 2015 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of regulation, entrepreneurship, growth disasters, growth miracles, history of economic thought, income redistribution, industrial organisation, liberalism, Public Choice, rentseeking, survivor principle Tags: Age of Innovation, bourgeoisie deal, capitalism and freedom, Deirdre McCloskey, The Great Enrichment, The Great Escape, The Great Fact
Famous last headlines
29 Jul 2015 Leave a comment
in economic history, economics of media and culture Tags: media bias, Nazi Germany
In the The New York Times on this day in 1924: "Hitler…No longer to be feared." http://t.co/lGiopIUCDT—
Matt Zwolinski (@Mattzwolinski) October 03, 2014
Has there been any labour market deregulation ever in the UK, Australia or New Zealand?
29 Jul 2015 Leave a comment
in economic history, job search and matching, labour economics, labour supply, law and economics, minimum wage, politics - Australia, politics - New Zealand, politics - USA, unions Tags: Australia, British economy, employment law, employment law regulation
Major deregulations and re-regulations of the labour market in Australia and New Zealand did not move the employment protection inducts around that much in figure 1. All is been quiet on the labour market regulation front of the UK pretty much since the index was started.
Figure 1: OECD employment protection index (EPI), strictness of employment protection – individual and collective dismissals, USA, UK, Australia and New Zealand, 1990 – 2013
Source: OECD StatExtract.
The Work Choices legislation in Australia in 2006 was looked upon by the OECD as a somewhat minor deregulation not much more in scale than the deregulation introduced in 2008 with the election of the National Party led government.
Nobody told the unions that.
A map of countries Britain never invaded
29 Jul 2015 Leave a comment
in economic history, rentseeking, war and peace Tags: British empire, British imperialism, colonisation
A world map according to the countries Britain never invaded i100.io/8YNMkgK http://t.co/l5BO1hehEf—
i100 (@thei100) April 28, 2015
Congress is more polarized than any time since the 1970s
29 Jul 2015 Leave a comment
in constitutional political economy, economic history, politics - USA, Public Choice Tags: political polarisation
And it's not just the public – Congress is more polarized than any time since the 1970s: pewrsr.ch/SCAUr3 http://t.co/ccjXByaTdY—
Drew DeSilver (@DrewDeSilver) June 12, 2014
Digital poverty in America is less than 3% for young adults
29 Jul 2015 Leave a comment
in economic history, economics of media and culture, politics - USA, poverty and inequality Tags: 10-90 lag, Digital poverty, technology diffusion, The Great Enrichment
15% of Americans don’t use the internet. Who are they? pewrsr.ch/1HYkSgM http://t.co/vL6uRuz5iK—
PewResearch FactTank (@FactTank) July 28, 2015
A B-25 bomber crashed into the Empire State Building, today 1945
28 Jul 2015 Leave a comment
A B-25 bomber crashes into the Empire State Building on the morning of July 28, 1945. http://t.co/C2UcflEc36—
History Pictures (@CombinedHistory) April 21, 2015
More evidence on the rise and rise of the working super rich – the top income earners are top wage earners now
28 Jul 2015 Leave a comment
in economic history, economics of education, entrepreneurship, financial economics, human capital, labour supply, occupational choice, politics - USA Tags: creative destruction, entrepreneurial alertness, top 1%, top income earners, top wage earners
Page 47 from "An Illustrated Guide to Income" more economic #dataviz at: bit.ly/10QWgyR http://t.co/d1dhSYKWDC—
Catherine Mulbrandon (@VisualEcon) June 03, 2013
Average effective retirement age by gender in the PIGS, 1970 – 2012
27 Jul 2015 Leave a comment
in currency unions, economic history, Euro crisis, fiscal policy, labour economics, labour supply Tags: ageing society, demographics crisis, economics of retirement, female labour force participation, Greece, Italy, male labour force participation, old age pensions, older workers, Portugal, social insurance, Social Security, Spain, taxation and labour supply
Figure 1 shows a relatively distinct pattern for men in the PIGs. Portugal aside, there has been a long decline retirement ages. This is different to the Anglo-Saxon countries where effective retirement ages have been increasing in recent years for men.
Figure 1: average effective retirement age (5-year averages), men, Portugal, Italy, Greece and Spain, 1970 – 2012
Source: OECD Pensions at a Glance.
Figure 2 shows that apart from Greece, that after a long decline in female effective retirement ages, there was something the rebound, especially in Italy and Portugal. In Greece, the rebound was in the 80s, followed by a resumption of decline from the mid 90s.
Figure 2: average effective retirement age (5-year averages), women, Portugal, Italy, Greece and Spain, 1970 – 2012
Source: OECD Pensions at a Glance.
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