Posts Tagged ‘economics’

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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Equal Pay Day 2018

April 10, 2018

Equal Pay Day 2018

It’s Pay Equality Day, last of the 99 extra days into 2018 that American women worked to finally make the same amount of wages that men made by Dec. 31, 2017. The concept originated with the National Committee on Pay Equity in 1996 as a way to point out the economic injustice of  American women earning 82 cents when men are earning a dollar. Want to change that inequity? Look here.

In a timely decision, the 9th U.S. Circuit Court of Appeals ruled yesterday that employers can’t use workers’ salary histories to justify paying women less.

More:

“When Is Equal Pay Day? 2018 Is The Year Women Can Help Close It Once & For All,” Sarah Friedmann, Bustle

 

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Top image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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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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Big Savings!

November 24, 2017

Big Savings!

The Friday after Thanksgiving or ”Black Friday“ is reserved by global corporations for whipping Americans into a frenzy of over-consumption.  Millions camp out and line up for hours hoping for bargains. Most end up buying things they don’t need at prices they can’t afford.

Save big today. Don’t buy a single thing. If you want to spend something, spend the day with friends and family. Spend time at the library; borrow a book and spend time reading it. Spend time making something. You’re not what you buy. You’re not a “consumer.” You’re a human being.

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Tax Rates: Adam Smith Speaks

November 8, 2017

Tax Rates: Adam Smith Speaks

“The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess …. It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.

The Wealth of Nations, Adam Smith, 1776

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Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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Job Deletion: A Feature, Not a Bug?

September 4, 2017

Job Deletion: A Feature, Not a Bug?

Happy Labor Day.

“We are being afflicted with a new disease of which some readers may not yet have heard the name, but of which they will hear a great deal in the years to come – namely, technological unemployment. This means unemployment due to our discovery of means of economising the use of labour outrunning the pace at which we can find new uses for labour.” — John Maynard Keynes, 1930

“Today we’re living in those years to come, and it’s hard to go a week without some story about how all the jobs will soon belong to artificial intelligence or machine learning or however else we’re describing the automatons. Keynes was right to see it coming, but he didn’t exactly nail the implications.” — Malcolm Harris, 2017

More:

“A Jobless Future Everyone Can Love,” Malcolm Harris, Pacific Standard

“AI, Robotics, and the Future of Jobs,” Irving Wladawsky-Berger, Pieria

“Jobs aren’t the solution to America’s problems—they’re the cause,” James Livingston, Quartz

“A robot tax rises from American center of tech industry,” Janie Har, Associated Press

“What the Industrial Revolution really tells us about the future of automation and work,” Moshe Y. Vardi, The Conversation

“Work In The Digital Society,” Social Europe

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Image (“John Maynard Keynes Blogging, after Duncan Grant”) by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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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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Big Savings!

November 25, 2016

Big Savings!

The Friday after Thanksgiving or ”Black Friday“ is reserved by global corporations for whipping Americans into a frenzy of over-consumption.  Millions camp out and line up for hours hoping for bargains. Most end up buying things they don’t need at prices they can’t afford.

Save big today. Don’t buy a single thing. If you want to spend something, spend the day with friends and family. Spend time at the library; borrow a book and spend time reading it. Spend time making something. You’re not what you buy. You’re not a “consumer.” You’re a human being.

More:

“Buy Nothing Day,” AdBusters

“Buy Nothing Day,” Wikipedia, the free encyclopedia

“The scientific explanation of why people kill each other over TVs on Black Friday,” Laurence Ashworth, Reuters

“5 Great Reasons to Celebrate International Buy Nothing Day Instead of Black Friday,” Amy Mendosa, TIME

“Anti-Black Friday Movements Gain Traction With Patagonia Clothing Swap,” Meagan Clark, International Business Times

“A Brief History of Black Friday,” Ethan Trex, Mental Floss

“Annual ‘Buy Nothing Day Winter Coat Exchange’ bucks consumerism,” Michelle R. Smith, AP via Providence Journal

“Great Ways to Spend Black Friday Not at the Mall,” Brad Tuttle,CNN Money

“Fight Black Friday by joining a Buy Nothing group,” Lisa Hyma,Grist

“Websites promote Buy Nothing Day,” Kevin O’Neil, Scranton Times-Tribune

“Buy Nothing Day 2014: Black Friday Anti-Consumerism Backlash Facts and History,” Lydia Smith, International Business Times

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Short link: http://wp.me/p6sb6-oDa

Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.

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Gender Pay Gap To Be Closed in Only 170 Years

November 1, 2016

Gender Pay Gap To Be Closed in Only 170 Years

Women are expected to earn as much as men as early as January 2196, reports the World Economic Forum. WEF is the organization behind that annual gathering of radical populists at Davos.

The global gender pay gap has widened since 2015, when it was expected to close in 118 years. The United States has fallen in the rankings in the past year, from 23rd to 45th place in gender wage equality.

Download the report here.

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Top image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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