CONVERSABLE ECONOMIST: Why Experts Buy Generic

Need to show this to the mrs.   The overall pattern is clear: those who are less knowledgeable are more likely to buy brand names, presumably because they feel that there is quality difference in doing so. Those who are more knowledgeable are more likely to go with generic equivalents, because they feel comfortable making […]

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The secret to the Uber economy is wealth inequality – Quartz

The new middlemen There are only two requirements for an on-demand service economy to work, and neither is an iPhone. First, the market being addressed needs to be big enough to scale—food, laundry, taxi rides. Without that, it’s just a concierge service for the rich rather than a disruptive paradigm shift, as a venture capitalist […]

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Apologizing to Japan – NYTimes.com

TOKYO — For almost two decades, Japan has been held up as a cautionary tale, an object lesson on how not to run an advanced economy. After all, the island nation is the rising superpower that stumbled. One day, it seemed, it was on the road to high-tech domination of the world economy; the next […]

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Stigliz Open Economic Forum at Occupy WallStreet!

This is a little old. I’m a big fan of Joseph Stiglitz work, as an economist and as an economics commentator/activist. This touched a cord. “There are too many regulations against democracy and not enough regulation to stop wallstreet.”

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Econ::The Stabilization of the Mark | Angry Bear – Financial and Economic Commentary

Those people were mostly speculators who had borrowed marks. Since the stabilization wasn’t absolutely believed, the nominal interest rate was 20% per day. Making people wait a few days for their promised dollars is a way to bankrupt them. Bankrupting all the people betting against the stabilization is a way to make it work. via […]

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