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At-home work
- Finish second half of The Circular Flow Model of a Market Economy
- Watch this for more information on The Basic Economic Problem
- Study for a short quiz on definitions and diagrams
From the blogosphere
http://krugman.blogs.nytimes.com/2016/08/15/lies-lying-liars-and-donald-trump/
ReplyDeleteI enjoyed this article because it adds another spin to the nomination of Donald Trump for president, and that it is not only on the conservative party but also the liberal party and the liberal media
http://timharford.com/2016/08/fossil-fuels-have-had-an-aeons-head-start/
ReplyDeletewhat i found interesting is that he explains the people are finding different and better ways to create power, the thing is that he says that we must look at the bigger picture and that our end goal is to find a way to reduce the amount of greenhouse gases we let off into the atmosphere. the only way that we are going to this is by finding a whole new method on creating power. I also enjoy reading some of his opinions on ways in which we can reduce the greenhouse gases.
http://marginalrevolution.com/marginalrevolution/2016/08/what-if-there-are-no-more-economic-miracles.html
ReplyDelete- I thought this article brought up an interesting point, which I had never thought about before, although believe is extremely true. It brought to my attention the stability of Denmark's economy and the way in which they were able to grow and acclaim their wealth. Denmark averaged only 1.9% capita growth per year from 1890 to 1916, and continued to be almost as stable for the next 100 years, with positive growth in their economy around 84% of the time. Thinking about Denmark and how it is considered to be one of the happiest countries in the world, this made a lot more sense to me and in perspective of an economist, I was able to understand how they predict similar instances in the future.
http://marginalrevolution.com/marginalrevolution/2016/08/why-do-danish-americans-do-better-than-danes.html
ReplyDeletehttp://timharford.com/2016/07/brexit-and-the-power-of-wishful-thinking/
ReplyDeletehttp://marginalrevolution.com/marginalrevolution/2016/08/what-if-there-are-no-more-economic-miracles.html
ReplyDeleteI thought that this article was interesting because you don't need an economic miracles to bring your country to a stable economy. (not finish)
http://robertreich.org/post/148746866860
ReplyDeleteI thought it was interesting because it talks about trading and wall street and a lot of people in this class including myself are interested on trading and stocks and it is something that I would like to learn more about this topic.
http://marginalrevolution.com/marginalrevolution/2016/08/testing-for-racial-discrimination-in-police-searches-of-motor-vehicles.html
ReplyDeletei thought it was interesting how across a 100 police departments that the standard to search a black and hispanic person is lower than a white or asian person. i also think that there should be more awareness raised over this matter as it will benefit everyone
http://marginalrevolution.com/marginalrevolution/2016/08/what-if-there-are-no-more-economic-miracles.html
ReplyDeletehttp://calnewport.com/blog/
ReplyDeletehttp://marginalrevolution.com/marginalrevolution/2016/08/what-if-there-are-no-more-economic-miracles.html
ReplyDeletehttp://freakonomics.com/podcast/early-education-come-way-late/
ReplyDeletehttps://www.bloomberg.com/view/articles/2016-08-15/there-s-no-such-thing-as-an-economic-miracle
ReplyDeletehttp://freakonomics.com/podcast/early-education-come-way-late/
ReplyDeletehttp://marginalrevolution.com/marginalrevolution/2016/08/testing-for-racial-discrimination-in-police-searches-of-motor-vehicles.html
ReplyDeleteIn the article they talk about how hispanic and black drivers are more likely to be stopped by police and searched further, over someone who is white or asian. It is quite interesting, because I always hear similar topics online, such as "Black lives matter".
http://krugman.blogs.nytimes.com/2016/08/15/lies-lying-liars-and-donald-trump/?_r=0
ReplyDeletehttp://www.economist.com/news/world-week/21703426-politics-week
ReplyDeletehttp://robertreich.org/post/148963449145
ReplyDeleteI've found this article interesting because there were not that many female presidents in the USA. Hillary Clinton will probably become a president within few years. As I've read, people don't really trust or like her. As a president she has to keep her country strong, so she'll need to do smth to solve the problem with trust and leadership. She gets advice to make a sort of a political revolution. In my opinion that's smart because it's better to shake the country a little and lead peoples minds in the correct direction than keep hearing people saying "wrong" things. I hope that everything will be ok.
http://www.economist.com/news/world-week/21703426-politics-week
ReplyDeleteInteresting thing in North Korea and HongKong.
http://sethgodin.typepad.com/seths_blog/2016/08/putting-falsifiability-to-work.html
ReplyDeleteI really like this paper,cause we dont have religions, that means we dont have the belief to argue something is not based on logical. I am the kind of person get swayed by date. if someone tell you to believe something A is based on B or C, but they can't prove B or C, that means i cant believe in A. I like this article simple and reasonable.
http://sethgodin.typepad.com/seths_blog/2016/08/putting-falsifiability-to-work.html
ReplyDeleteI really like this paper,cause we dont have religions, that means we dont have the belief to argue something is not based on logical. I am the kind of person get swayed by date. if someone tell you to believe something A is based on B or C, but they can't prove B or C, that means i cant believe in A. I like this article simple and reasonable.
https://www.bloomberg.com/view/articles/2016-08-15/there-s-no-such-thing-as-an-economic-miracle I really liked this article because it made me wonder if emerging economies would really go back to the 19th century system
ReplyDeletehttp://marginalrevolution.com/marginalrevolution/2016/08/regulation-and-distrust-revisited.html
Deletehttp://robertreich.org/post/148746866860
ReplyDeleteThis article provides insight into taxation of financial transactions such as the sale and buying of stocks and bonds, which are currently not taxed in the United States of America. Putting a small tax on financial transactions would reduce the incentive of insider trading and high speed trading, would generate a lot more revenue (ex. UK, and 28 other countries and soon the EU), and would be fair to the rest of the American Population. The reason why politicians haven't done this yet is because a lot of their revenue comes from Wall Street.
http://marginalrevolution.com/marginalrevolution/2016/08/why-do-danish-americans-do-better-than-danes.html
ReplyDeleteIn this article they basically tell how/why are the Danish-Americans do better than danes.
Few instance:
1) Danish-Americans have a measured living standard about 55 percent higher than the Danes in Denmark.
2)Danish-Americans have the highest per capita income, clocking in at $70,925.
3) Nordic-Americans have lower poverty rates and about half the unemployment rate of their relatives across the Atlantic.
http://calnewport.com/blog/2016/08/03/on-primal-productivity/
ReplyDeleteThis article looks back at our genetic heritage, and how humans have evolved. It talks about how our lifestyle today is nothing like what the cavemen would had imagined. The author looks at an experiment that might help the people today to understand what it would be like to be a caveman, and how that would be a better lifestyle than one we have today. I think that the experiment helps people understand how to work with one another rather than relying on the digital world, and also how to focus on a goal without having a lot on your mind while you enjoy it.
http://marginalrevolution.com/marginalrevolution/2016/08/what-if-there-are-no-more-economic-miracles.html
ReplyDeleteI thought that this article about 'economic miracles' was really interesting because it tells you about how a lot of countries are depending on something amazing happening to their economy. However, for countries such as Denmark, they rely on having a stable economy and creating opportunities for themselves in order to sustain their economy. I found this interesting because they do not rely on miracles to happen, but instead they rely on their willingness and prior knowledge to keep their economy running and stable.
http://marginalrevolution.com/marginalrevolution/2016/08/why-do-danish-americans-do-better-than-danes.html
ReplyDeleteIn this article they basically tell how/why are the Danish-Americans do better than danes.
Few instance:
1) Danish-Americans have a measured living standard about 55 percent higher than the Danes in Denmark.
2)Danish-Americans have the highest per capita income, clocking in at $70,925.
3) Nordic-Americans have lower poverty rates and about half the unemployment rate of their relatives across the Atlantic.
http://marginalrevolution.com/marginalrevolution/2016/08/regulation-and-distrust-revisited.html
ReplyDeleteWith this article, Alex Tabarrok gives unique insight to the relationship of regulation of distrust. He hypothesizes that higher levels of distrust creates greater regulation from the government and vice versa. Therefore with greater regulation, Mr. Taborrok puts forth the notion that it will restrict growth in the areas of human and physical capital. People would rather invest in human capital that benefits their families and friends rather than investing in human capital that benefits "outsiders". With physical capital, people would invest in capital that is more difficult to be removed from them, either by others or the government. Even though easier to exportriate capital has higher returns.
Mr. Taborrok proposes an interesting notion on how society is able to affect the economy, however, he only supports it with minimal data or examples. Perhaps his theory maybe right, it is still quite intriguing and logical. There probably are more case examples to show the present and past correlations through out different countries.
This comment has been removed by the author.
ReplyDeletehttp://krugman.blogs.nytimes.com/2016/08/15/lies-lying-liars-and-donald-trump/
ReplyDeleteI found this article interesting because it associated lies and lying with someone who has caused a lot of controversy in the United States.
http://robertreich.org/post/148746866860
ReplyDeleteI really found this article interesting as it discusses about a potential way for the US government to earn a lot more revenue just by taxing Wall Street traders for stock trades.
https://www.bloomberg.com/view/articles/2016-08-15/there-s-no-such-thing-as-an-economic-miracle
ReplyDeleteThis article was very interesting because it dealt the economic miracle with a unique perspective. Before reading this article I thought that the countries who succeeded in a economic miracle was very incredible. However, after reading this article, I was quite disappointed to find out the fact that slow economic growth is actually what is really great and hard instead of making a economic miracle. According to the author, economic miracles could happen because technologies were bought and borrowed from other leading countries.
https://www.bloomberg.com/view/articles/2016-08-15/there-s-no-such-thing-as-an-economic-miracle
ReplyDeleteComing from Spain in a time where the economy is recovering slowly from its crash in 2009 there is a lot of talk of 'We need a economic miracle'. This article gave examples of how these miracles rarely happen and when they do, they aren't as fantastic as we thought they would be. It describes how countries like Denmark's economic growth are slow and have not had a sudden jump.
-OT
http://krugman.blogs.nytimes.com/2016/08/15/lies-lying-liars-and-donald-trump/?_r=0
ReplyDeleteThe author comments on one of his past article about Romney. He responds to the critique that have been made to him after he published his article where he cold him a liar. Moreover, he tries to find an answer Trumpism. He concludes by saying that most Republicans are liars : "conservatives who made dishonesty about policy a routine part of Republican politics".
http://marginalrevolution.com/marginalrevolution/2016/08/what-if-there-are-no-more-economic-miracles.html
ReplyDeleteI found this paper extremely surprising, as it never occurred to me that countries economies such as Denmark have not changed over a 100 year period. However the main reason why I found this suppressing is that Denmark is not a small country but rather extremely large. While it has a small population of only 5.6 million people when it is compared to countries such as the Netherlands who's population is nearly 3 times larger, I still find it hard to believe that the economy has hardly changed over 100 years. It is also incredible that they have been able to maintain a growth rate of 1.6% every year and over the same period the east Asian tigers have been able to have a growth of 8-10%. And what amazes me is that these are countries much smaller, but have higher populations.
https://www.bloomberg.com/view/articles/2016-08-15/there-s-no-such-thing-as-an-economic-miracle
ReplyDeleteComing from Spain in a time where the economy is recovering slowly from its crash in 2009 there is a lot of talk of 'We need a economic miracle'. This article gave examples of how these miracles rarely happen and when they do, they aren't as fantastic as we thought they would be. It describes how countries like Denmark's economic growth are slow and have not had a sudden jump.
-OT