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Index » Internet/Computer » The Web » Economix Page: 1, 2, 3 ... 198, 199, 200  Next
Post to this Topic
R_P

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Posted: Nov 10, 2020 - 2:23pm

 miamizsun wrote:
a softball for next admin?
 
Easy enough, if willing...
Dombrovskis repeated an EU offer that the bloc was ready to suspend its measures at any time if the United States did the same, “whether under the current or the next administration.”
But tit for tat tends to work...
miamizsun

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Location: (3261.3 Miles SE of RP)
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Posted: Nov 10, 2020 - 2:14pm

 R_P wrote: 
a softball for next admin?
R_P

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Posted: Nov 10, 2020 - 2:11pm

EU 'regrettably' hits U.S. with tariffs, seeks better Biden ties
Ohmsen

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Location: Valhalla
Gender: Male


Posted: Nov 8, 2020 - 3:43am

On a new form of economy slowly emerging, named as 'Purpose Economy' 


Perhaps, some already know the web-search engine named Ecosia? Or the online marketplace software Sharetribe? The traditional optical and optic-electronics manufacuring Zeiss? They have opted for what is called steward ownership, or purpose economy, among many other companies, and their numbers keep growing.  
 
An example of a newly emerging form of doing business started by young people... 

More info here...
R_P

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Posted: Oct 23, 2020 - 9:33am

 black321 wrote:
 sirdroseph wrote:
 
no one has to read that story to know the truth: of course it hurt mfg workers. 
question is, did it help the economy, beyond the stock market?
certainly helped us all buy more cheap trinkets,
that we and our economy are now addicted to.
 
It's now a problem, because someone else is better at it/benefits more.
black321

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Location: An earth without maps
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Posted: Oct 23, 2020 - 6:52am



 sirdroseph wrote:
 

no one has to read that story to know the truth: of course it hurt mfg workers. 
question is, did it help the economy, beyond the stock market?
certainly helped us all buy more cheap trinkets,
that we and our economy are now addicted to.
sirdroseph

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Location: Yes
Gender: Male


Posted: Oct 23, 2020 - 2:40am

Economists on the Run

Paul Krugman and other mainstream trade experts are now admitting that they were wrong about globalization: It hurt American workers far more than they thought it would.


R_P

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Posted: Sep 16, 2020 - 11:56pm

The 'free market' manifesto that broke America and led to Trumpism
Ohmsen

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Location: Valhalla
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Posted: Aug 20, 2020 - 11:13am

Rabobank: The Response To The Fed's Minutes Make You Feel Many People Are Gargling The Bong Water

"We have to explain to the public far better why we are buying the assets of cash-rich mega companies that does nothing to help struggling SMEs and those on Main Street who can’t borrow, and which also exacerbates both irrevocable market and real economy distortions, such as it is."


miamizsun

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Location: (3261.3 Miles SE of RP)
Gender: Male


Posted: Aug 18, 2020 - 5:07am

 rexi wrote:


 miamizsun wrote:

if you're looking for a lay up, try the economics dept at university of missouri at kansas city

they're very well versed in mmt  (fullwiler, etc.)

good luck

{#Wave}
 

Thanks, but they are not (or no longer) my cup of tea. Loud bunch (with the possible exception of Fullwiler) who, more importantly, commit a number of fundamental errors.
 

so kelton, keen and the like are out?

maybe inet

not sure where you are or who you may want to connect with

i need clues

look out your window and tell me what you see

peace
NoEnzLefttoSplit

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Posted: Aug 18, 2020 - 2:55am

 rexi wrote:


 miamizsun wrote:

if you're looking for a lay up, try the economics dept at university of missouri at kansas city

they're very well versed in mmt  (fullwiler, etc.)

good luck

{#Wave}
 

Thanks, but they are not (or no longer) my cup of tea. Loud bunch (with the possible exception of Fullwiler) who, more importantly, commit a number of fundamental errors.
 
Sorry, the only economist I know is on the other side of the bench.
rexi

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Location: far out
Gender: Male


Posted: Aug 18, 2020 - 2:29am



 miamizsun wrote:

if you're looking for a lay up, try the economics dept at university of missouri at kansas city

they're very well versed in mmt  (fullwiler, etc.)

good luck

{#Wave}
 

Thanks, but they are not (or no longer) my cup of tea. Loud bunch (with the possible exception of Fullwiler) who, more importantly, commit a number of fundamental errors.
miamizsun

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Location: (3261.3 Miles SE of RP)
Gender: Male


Posted: Aug 17, 2020 - 7:42am

 rexi wrote:


 miamizsun wrote:


not a formal economist but put up a link

what do you have to lose?
{#Wink}
 

My virginity anonymity. :-) Let‘s see. I‘m primarily looking for qualified feedback and maybe some connections.
 
if you're looking for a lay up, try the economics dept at university of missouri at kansas city

they're very well versed in mmt  (fullwiler, etc.)

good luck

{#Wave}
NoEnzLefttoSplit

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Gender: Male


Posted: Aug 16, 2020 - 11:57pm

 rexi wrote:


 miamizsun wrote:


not a formal economist but put up a link

what do you have to lose?
{#Wink}
 

My virginity anonymity. :-) Let‘s see. I‘m primarily looking for qualified feedback and maybe some connections.
 
{#Lol}
rexi

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Location: far out
Gender: Male


Posted: Aug 16, 2020 - 1:25pm



 miamizsun wrote:


not a formal economist but put up a link

what do you have to lose?
{#Wink}
 

My virginity anonymity. :-) Let‘s see. I‘m primarily looking for qualified feedback and maybe some connections.
miamizsun

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Location: (3261.3 Miles SE of RP)
Gender: Male


Posted: Aug 16, 2020 - 6:37am

 rexi wrote:
Are there any (monetary) economists who hang out here who would be interested in reading a paper?
 

not a formal economist but put up a link

what do you have to lose?
{#Wink}
rexi

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Location: far out
Gender: Male


Posted: Aug 16, 2020 - 2:06am

Are there any (monetary) economists who hang out here who would be interested in reading a paper?
rexi

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Location: far out
Gender: Male


Posted: Aug 4, 2020 - 2:32am



 westslope wrote:


 NoEnzLefttoSplit wrote:

err..  I think that is precisely the point.  ergo redistribution.
 

Targeting inequality is a really, really bad idea in my opinion.

 

The article is neither about targeting inequality nor about eliminating it. Economic modelling / theorizing is about finding simplified (=modelled) mechanisms, to the extent that they exist, which can help explain and predict human behaviour and subsequent outcomes of commercial / material interactions.

Equilibrium theory, which you might think of as a mathematical version of the famous 'invisible hand', is a common such model. It predicts that a 'free market' will tend reach a stable state (=equilibrium) if an economy is fulfills certain criteria (perfect competition). Under such conditions, inequality is the result of differing capabilities of the agents involved. Or, it is the result of some friction or imperfection in the Competition department. Policy is then about managing those imperfections. But the message is clear, if things were perfect, as the model envisions, then the world would be, at least potentially, a better place. 

This new model (there are many others) now suggests that maybe this hands-off idea of perfection is nonsense. At least it is mathematically perfectly feasible to argue that a system of sequential trades may not be self-equilibrating at all. The important distinction between these two models, as I see it, is that, in the latter, trades takes place sequentially in time. So it makes a difference whether you win or lose the first toss. A x 1.2 x 0.8 =/= A x 0.8 x 1.2. In equilibrium models, all trade takes place in an instant of time, or outside of time, if you like. Changes to the system, and thus a dynamism over time, are introduces by adding 'random shocks' to an otherwise static system. Of Course, both are just models to which one must then add that awful imperfection called reality.

Now, when you say targeting inequality is a bad idea, you have to be aware of what your underlying assumption is. Do you assume that, if, say no redistributive tax is levied, outcomes will reflect the actual virtue of the economic agents involved? In that case you're in line with the equilibrium models mentioned above. Or, do you assume that, without redistribution, outcomes may be pretty much arbitrary and depend a lot on when and where you happend to be born, how much you inherited, and a bunch of other happenstances? In that case, you are more in line with the latter model.

The question is, which model has more predictive power? Which can be made to fit better with reality? And can not redistributing really be qualified as not targeting an outcome? If you see someone struggling in the water, do you intervene or not? That depends on what you think is happening. If the person is in the act of drowning, then non-intervention is the act of targeting death. If, however, you assume that bodies have a natural tendency to stay float and each individual may choose freely whether to S splash about frantically, then, whatever the outcome, non-intervention might be considered an act of granting the swimmer his freedom of expression, the outcome of which is fair by definiton. If he dies, he had it coming... In either case, you are targeting something based on your belief of what's 'actually' going on.


NoEnzLefttoSplit

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Posted: Aug 3, 2020 - 12:41pm

 westslope wrote:


 NoEnzLefttoSplit wrote:

err..  I think that is precisely the point.  ergo redistribution.
 

Targeting inequality is a really, really bad idea in my opinion.

 
It is not about targeting inequality. It is about keeping the wheel in balance.

Given that every modern nation has some form of redistribution of wealth I think the historical record is on our side on this one. Moreover, those countries that do it wisely are also among the best performers globally and that is not even factoring in softer factors like social cohesion, quality of life, crime rates, etc.

I would love to see what relative GDP per capita would look like if you stripped off the top percentile of each country's population.
I suspect that those countries with a more socially oriented welfare policy would outperform those countries pursuing more "free market" models. 
 
westslope

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Location: BC sage brush steppe


Posted: Aug 3, 2020 - 11:52am



 NoEnzLefttoSplit wrote:

err..  I think that is precisely the point.  ergo redistribution.
 

Targeting inequality is a really, really bad idea in my opinion.

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