Archive for the ‘economics’ Category

The Birth of the Price Tag

November 20, 2018

For centuries buying something meant haggling, negotiating with shopkeepers to get a lower price. As a result, the same goods cost different people different prices. In the mid-19th century, U.S. Quakers came to believe that charging people different amounts for the same item was immoral, so they started using price tags which, if not more moral, are more efficient.

An NPR Planet Money video.

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Merle Hazard sings of self-driving trucks.

October 25, 2018

A trucking song for the information age, written by Tom Rutledge and economist Jon Shayne, performed by Merle Hazard (“moral hazard” meets Merle Haggard, get it?). Ol’ Merle is accompanied by Trey Hensley and Rob Ickes (guitar and dobro), Alison Brown (banjo), Andrea Zonn (backing vocals), and Larry Atamanuik (drums).

Animation by Matt Emigh of NPT;  illustrations by Susan Eaddy. Music produced by Alison Brown.

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The Economy: Growth Is Not Enough

July 27, 2018

In 2014, economist Kate Raworth spoke to the Royal Society for the encouragement of Arts, Manufactures and Commerce (RSA). This excerpt was animated by Marija Jacimovic, designed by Milan Perisic, and produced by Benoit Detalle. See the full presentation here.

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Economics: John Maynard Keynes

May 17, 2018

John Maynard Keynes proposed the idea that governments should stimulate demand during economic downturns, and was was the creator of the IMF and the World Bank. Learn more in this video by The School of Life.

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Landlords

April 19, 2018

The UK insurance firm HomeProject announced the “Landlord of the Year” last Monday. Rhik Samadder opines:

“Landlord of the year. Lol! Rofbhawuild! (Rolling on the floor, banging my head against the wall until I lose my deposit.) Who is it going to be? One who lets you have a pet? Some of my friends are landlords, and I’m sorry to say it, but they are going straight to hell too. Imagine how satisfyingly overcrowded the underworld must be with landlords; partitioning the seventh circle into seven more circles, charging each other extra for underfloor heating. The best thing you can say about them is that they are better than letting agents. But that’s like giving Stalin a humanitarian award for massacring fewer people than Genghis Khan. The fact is, they’re all rogue. Whether your landlord is a genial profiteer or an actual psychopath is the luck of the draw. Anyone can be one, if they have made enough money or inherited property, and those are two of the worst qualifications imaginable. Like anyone who thrives off the housing crisis, they are social parasites.”

Rhik Samadder, “Landlords are social parasites. They’re the last people we should be honouring,” The Guardian

Video: “Dear Landlord,” written by Bob Dylan, performed by Joe Cocker.

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Greed

February 14, 2018

“Charlie Chaplin on Greed,” by Korbinian Blendl and Marco Bader.

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Trump to Meet Real Billionaires at Davos

January 12, 2018

Trump to Meet Real Billionaires at Davos

Serial bankrupt and reality-TV star Donald Trump will meet some real billionaires when he joins the global titans of business, finance, and economic policy in two weeks at the 48th World Economic Forum Annual Meeting in Davos-Klosters, Switzerland. Mr. Trump, an ethnocentric isolationist who publishes his economic policy on baseball hats, will converse with Nobel laureate economists, world leaders, and international financiers on the theme “Creating a Shared Future in a Fractured World,” which “will make a case for renewed commitment to international collaboration as a way of solving critical global challenges.” Since this is the kind of elite crowd and Globalist agenda Mr. Trump campaigned against, his presence at the Forum is baffling, especially since the Davos golf season ended in October.

The 2018 Forum is co-chaired by 7 powerful womenSharan Burrow (General Secretary, International Trade Union Confederation), Fabiola Gianotti (Director-General, European Organization for Nuclear Research – CERN), Isabelle Kocher (CEO of French multinational electric utility company ENGIE), Christine Lagarde (Managing Director, International Monetary Fund — IMF), Ginni Rometty (Chairman, President and CEO, IBM Corporation), Chetna Sinha (Founder and President, Mann Deshi Mahila Bank and Mann Deshi Foundation), and Erna Solberg (Prime Minister of Norway). Mr. Trump’s last meeting with women of so many nations involved a swimsuit competition, and didn’t have a code of conduct.

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Mar-A-Lago Weekends Are ‘Part Of Being President’

March 23, 2017


Spending weekends at a private Florida club is “part of being president,” according to White House spokescreature Sean Spicer. Each weekend of presidential golf and steaks with ketchup at Mar-a-Lago is said to cost U.S. taxpayers about $3 million. For what Trump’s trips have cost to date, Meals on Wheels could feed 5,967 seniors for a year.

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The Greatest Invention

March 21, 2017

What was the greatest invention of the industrial revolution? Hans Rosling makes the case for the washing machine.

“Thank you, industrialization. Thank you, steel mill. And thank you, chemical processing industry that gave us time to read books.”

Related:

“Hans Rosling, statistician and sword-swallower, has died,” The Economist

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Value vs Profit

February 27, 2017

“The Greatest Economics Lesson, a short film by Taylor Erickson.

More:

“This Short Film Explains Why Businesses Should Maximize Value Over Profit,” Edwin Rios, Mother Jones

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