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2 posts tagged with economics by Gyan.
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Macroeconomics

Macroeconomics: The various economics-related threads have me curious, about the complex machinations that sustain the global economy. What good non-textbook-style literature is out there that introduces the various cogs and gears? I'm not math-averse, but for the sake of inclusion, both mathless & math-heavy recommendations are solicited. I've tried reading formal textbooks, but found them too 'textbooky' and seemingly bereft of discussion of real-world dynamics.
posted by Gyan on Nov 24, 2004 - 5 answers

Creative Accounting

US Govt. Reporting of Economic Indicators: There was a link on Fark today about creative accounting. A choice quote from that article - "In short, we would need to have about $45 trillion in the bank today earning interest in order to pay all the promises that have been made for future Social Security and Medicare benefits — over and above the future taxes and premiums that will be collected to fund these programs." and "The CBO estimates that we would have to raise taxes by 6.5 percent of GDP immediately and forever to maintain these programs in perpetuity. This year alone, that would mean a tax increase of $800 billion.". [More Inside] [more inside]
posted by Gyan on Sep 9, 2004 - 3 answers

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