In the last post I explored how magic numbers, such as a 90% debt-to-GDP ratio or a 2% inflation target, at once over-simplify and stifle economic policy debate. The role of magic numbers raises more general questions about “the rule of number” in economics. The math stick used to browbeat those who enter economic policy . . . → Read More: Political Eh-conomy: Aristotle contra the math stick: Magic numbers redux
A piece in the Financial Times from several days ago has finally pushed me to scribble down a few initial thoughts on value – a topic I been thinking about more and more. Titled “The attack of the rentier killers”, the article argues that the wealthy who hold and receive income from assets will fight . . . → Read More: Political Eh-conomy: There is no good value
There is one easy way for the opponents of the Northern Gateway pipeline to get their way, put their money where their mouth is.
It only makes sense that if the Northern Gateway project is built, Enbridge the company responsible, should cover all social costs from the environmental damage; but in that same vein . . . → Read More: The Scott Ross: Opposing Enbridge & Environmental Value
Our peonies, one of my favourite spring flowers, have just opened up. The peonies in our garden are a connection to one of my grandmothers, my father’s mother. She had a border of peonies at the front of her lawn that bloomed in a riot of crimson every spring. When she passed on, and the . . . → Read More: 350 or bust: Peonies And Economics
A classic stock market boom-bust cycle is underway in Bangladesh, inciting riots after the closure of the country’s main markets in Dhaka and Chittagong this week. The picture painted by the charts and reports from Bangladesh make for an abject lesson in how markets fluctuate and are driven by salesmanship and sentiment.
The chart below . . . → Read More: World Headlines Review: Bangladesh: Dabbling in Dhaka Stock Markets