In personal experience, many programs notionally or popularly perceived to be aimed or benefiting primarily minorities end up making me (white dude) better off as well, e.g. Section 8 housing assistance. I'm trying to identify data and research sources that either support or diminish this claim. [more inside]
It's not apparent to me how withdrawal from free trade agreements would benefit the top 2-5%, since the current arrangement's been pretty good to them. Why would anyone in that class support him (of those who did?) How did Trump justify this position to them during the US election campaign, and what is he saying now? [more inside]
Earlier today on reddit someone shared a hospital bill for a baby delivery from 1954. The bill was for $99.84, which inflation adjusted is $893.93. Other posters chimed in to complain about cost inflation for homes and college tuition, with the sentiment that the present generation "has things worse off" than the post-war generation did. Does it? [more inside]
I would like to study the history of the business of poetry publishing. Where should I look? [more inside]
It seems to be a given that population growth helps the economy. Is there any way the world economy can grow if the number of people is stable or declines? [more inside]
I am one class away from graduating with a 2.6 GPA in a Business degree. I do not have any internships and very little work experience. I have mental health issues and I'm very socially awkward. Am I doomed from ever finding a job? How did you overcome this?
I'm trying to get a list of things (equations, theories, etc) we know about poker or gambling in general in terms of scientific or mathematic principles. It can't just be game theory. it's got to be specific aspects of it. And I mean ANY aspects of it. Hot hands. Beginner's luck. Inside straights.
I'd like to see an article or book on the economic history of the French Revolution. While the poor crops and unusually harsh winters seem relatively self-explanatory, I'm interested in the personalities and the constraints that seem to lurk along the edges. [more inside]
I've read a couple of articles about development economics (randomized sample; 'the poverty lab'; data based intervention; etc), and I'm very intrigued. Caveat: I've never taken a course in economics. I'm pretty skeptical of economics as a field overall, but would be willing to slog through some coursework in order to work on this particular topic. Is it worth it, or should I keep looking for my career path? [more inside]
I have received the firm impression that The Economist is better at projecting an air of confidence and balance than at actually knowing what it's talking about or refraining from blatantly ideological interpretations and representations, but have lost all grip on the examples of same that impressed me. Maybe YOU can provide me with some examples? [more inside]
What is the relationship between the size of the national debt and GDP? Interested in the 'strength' of the variables. [more inside]
I am looking for good and up to date websites for Chinese economic indicators. GPD, PPI, CES, Import/Export changes, shadow stats, etc. Preferably updated monthly. Does something like the Case Schiller index exists for China?
I am in the process of trying to create a complex pricing calculator for internal use in our business. I have most of the data, however I am hoping to engage someone on a freelance basis to help me complete the data set, as well as give some expanded detail on how this data (pricing) can change geographically. What specific professions should I be engaging, and where can I find them? More information below the fold. [more inside]
A company based in a former colony buys out a company, in the former colonizing country, which was based on exploiting resources in the former colony. Is there a term for this? [more inside]
I've been given the opportunity to transition into international policy at my current organisation, something I have been doing for next to my more development-focused job for the past few years. Would it be wise or foolish to put this front and centre? [more inside]
I've had this concept in my head that I'm pretty sure I picked up in economics/management studies but I can't recall its name: The division of labor between an executive and her direct support staff is that staff can advise the executive about decisions to make, but ultimately she makes the decision and they then have to carry out that directive or policy (regardless of whether it's justified in their opinion). I had assumed I was thinking of the principal-agent problem, but that's clearly something else. What is this concept called?
I live in an expensive housing market. All the older homes in my area are being knocked down and huge new houses are being built on the lots. These homes stay on the market for extensive periods of time (over a year) without any drop in purchase price. How can builders afford to do this? [more inside]
Many people in a certain place facetiously trade pictures of Pepe the Frog, but have there been other facetious economic phenomena, joke stock bubbles, fake hyperinflation, things of that sort? [more inside]
So, I'm taking a course about the geography of economic activities. For a project, we're tasked with picking a "packaged food, a cleaning product, or a personal care product" (per the instructions). We are then tasked with using the label and the manufacturers' customer's hotlines to determine "where that product is manufactured; second, what inputs/components/ingredients are used to make the product; and then, where do those inputs/components/ingredients come from." Lastly we're supposed to creatively visualize our findings, most probably in map form. [more inside]
My friend needs to teach AP/IB Economics soon. He's already fairly familiar with many concepts, but it has been years since he's done economics and he can't do the calculations or explain finer points anymore. What online course would you suggest? It should start soon and (ideally) be able to be gone though at his own pace. It a course is not available, what resource would you recommend? Thanks!
I submitted a prospectus to my thesis committee last month, but haven't started work on the thesis. Since I submitted the prospectus, I've come to have some doubts about whether or not this is the thesis topic for me. I'd like to take things in a slightly different, but still related, direction. Is is too late for me to do that without coming across as flaky, uncommitted, or reluctant to accept criticism? [more inside]
If every corporation/business had to pay a fixed percentage of its gross revenue as a tax, what effects would there be on prices and the economy at large? [more inside]
Looking for best intuitive introduction to macroeconomics. [more inside]
Where can a non-finance person go to learn about domestic and foreign sovereign debt in Hong Kong? [more inside]
What was the control factor for the Laissez-fare capitalist system as proposed by Adam Smith in Wealth of Nations? [more inside]
I've come across a website exporting used silk and rayon saris from India. A few seem in poor condition, or have some obvious stains. But some appear pristine. My question is, one, is there not a market for second-hand saris in India? Two, what renders a sari unwearable, apart from stains and rips and obvious wear? Like, would you not be seen dead in a fabric pattern from 5 years ago? And three, would you not want your mother's or grandmother's vintage silk saris, and if not, wouldn't somebody else? I can't understand why it makes economic sense to export this stuff: the garments on the website seem too cheap for 5 yards of vivid silk, even if the buyer has to discard portions of it.
I'm looking for a book or website I read a few years ago about sovereign default and how it's actually a GOOD thing. The author pointed out several examples in history where countries had defaulted on their debt and emerged more-or-less okay (if I recall correctly there were examples dating back to antiquity). Does anyone have any idea what this was?
It is said that economics is about scarcity, and scarcity is defined by economists as the fundamental economic problem of having seemingly unlimited human wants in a world of limited resources. What economists and other social scientists have cried out and poked at this idea? [more inside]
Which articles, written before and as "shock therapy" economic liberalization policies were being implemented in Russia, have best been borne out over time? [more inside]
Around the time of the Occupy protests, I read an article that described a concept like "Subsumed State" or "Shadow State" or something. I thought it was by Mike Konczal, but I can't find it his archives and I'm pretty sure he was referring to someone else's ideas about this. [more inside]
I'm looking for an essay that I once read which talks about how business owners tend to let employees go or reduce their hours (and pay) as productivity increases, pocketing the difference for themselves as profit rather than sharing (any of) it with their employees. I believe it takes the stance that it would be better for everyone, in the long-run, if the owners shared at least some of the gains they realize from increased productivity with their workers. [more inside]
Does the labor force participation rate account for undocumented workers?
I want to become literate in two of the major fields that are the most foreign to me, business and finance or economics. Can you help with book or website recommendations? [more inside]
I'm currently traveling in a developing country (Ghana) and got the very common feeling that "I'm so privileged/lucky" compared to some of the underprivileged people here. I'd like to continue this train of thought, and read more books about privilege, dealing with privilege (do we have a responsibility to give back since we have privilege?), and generally how inequality comes about. What do you recommend? Some books I've found on this topic are inside. [more inside]
I'm basically teaching myself how to do pass an PhD economics placement test, and I'm looking for resources to learn these things that aren't books. [more inside]
I have just completed my MSc in mathematics in Europe. I do enjoy math, but I spent my uni years feeling like a autodidact hippie marooned on an island full of Mr and Mrs I-Want-A-Good-Job. My main interests revolve around humanities (literature/history/anthropology) and economics (but not finance), and instead of starting a "stable" well-paying career I dream about something inter-disciplinary. I am very open to earning little money and relocating just to do kind of work that engages those skills. What are some random uses of my degree? [more inside]
How common is it for American workers to deliberately get fired in order to collect on unemployment insurance?
Has anyone ever attempted to realistically and fully work out what the economic and/or sociological implications of a world where dungeons and dragons or lord of the ring-style magic exists? For example, how it would impact the feudal system and so on. In any form, essay, fiction or otherwise.
There are lots of interesting SF&F economic systems that are without money -- post-scarcity AI-nano cornucopias, magic subsistence economies, etc. For those who imagine worlds that still have money, though, what are the most interesting speculative monetary/currency/financial systems? (Please feel free to mention the obvious-to-you, as I've got big gaps in my SF&F reading and watching.) Thanks! [more inside]
I'm working on a novel (yeah, yeah) in which the bad guys are, among other things, a couple of rival business-criminal assholes. I know nearly zero about business, finance, and politics, and I don't want to talk about these folks in ways that show me to be the faffy prancing buffoon I really am. [more inside]
I'm looking for any studies that examine time use and grooming, for men and women, and what that means for financial outcomes. NOT: Do well-groomed people get paid more?, but the time that women spend maintaining a traditionally "feminine" appearance, over a lifetime, means time NOT spent cultivating X Y and Z lucrative skills. Have you seen any economists studying this? [more inside]
Hi, My ten year old daughter wants to start getting an allowance this summer when school is out. My husband and I thought about it and we thought 10 dollars a week would be good. But we are trying to decide the pros and cons of attaching the allowance to chores. [more inside]
In Poul Anderson’s “The Last of the Deliverers,” (spoilers ahead) he describes a future America in which, for all practical purposes, cheap solar energy and a culture of decreased desires for material advancement (people are essentially satisfied with a comfortable, but low, standard of living) have led to a kind of utopia. The plot of the story is, more or less, that two representatives of remnants from an older culture – a small-government type in the Barry Goldwater mold as well as a member of the American Communist Party – meet in a village and argue about the virtues of their respective ideologies, but cannot appreciate that social evolution and the lack of scarcity produced by it has made their political differences (and their politics) largely pointless and obsolete. So how am I to understand the last half-paragraph of the story, which seems to undercut the entire story in a most paradoxical way: [more inside]
What are some great, accessible books that would allow me to learn more about social choice theory without having to become an economist? I am thinking something along the likes of James Gleick's "popular science" Information Theory book, but for social choice theory. [more inside]
I am looking for resources, online or in print, for how a society spanning many planets could function economically. I have read some novels that treat this matter seriously, but rarely in the level of detail that I am looking for. [more inside]
Greetings. 16 year old daughter is completing an assignment for Economics and she needs an insurance quote for a 22 year old female who lives in a smallish city (Baltimore) for a 1999 Jeep Grand Cherokee Laredo. She was gonna enter her SSN in an insurance site and say she is 22. I told her (for obvious reasons) no... but we can't find a site which will give us a quote without one. Suggestions?
I work at my local County Hospital and for the last two weeks we've had a very low census. I hear rumors that the local Giant HMO and local For Profit Hospital Chain are packed right now. I also know one Local For Profit but Independent and Unaffiliated Hospital is at risk of closing right now because of extremely low census. So for folks who actually work in hospitals (and clinics?) are you seeing a change in number of patients since Obamacare started? [more inside]
Have you ever heard of a problem in economics called something like "Going to Cleveland"? I read about it years ago, maybe even here, but I can't find it anywhere now. As I remember it, it involves a group of people who are making plans to drive somewhere, but each of those people would secretly prefer not to go. Since they don't reveal their preferences to each other, though, they each assume that the others would rather go, and so they agree that they will too. The result is a suboptimal outcome for everybody. Am I making this up? Or does this really have a name and a full explanation?
What good articles have you read about the Great Recession? I'm particularly interested in resources that help explain the causes, effects and responses to the recent Recession. Bonus if the article/video/infographic/etc. helps explain how the causes, effects, or responses are similar to or different than the causes/effects/responses to the Great Depression. [more inside]
I'm interested in tea and its history, especially its role in global trade and conflict. Are there any great nonfiction books that cover the subject without focusing exclusively on a certain time period or location? [more inside]