Hans Rosling’s first TED talk from 02006 about Gapminder and the #history of #economic-development, showing how the wealth distribution has dramatically changed in the 01960–02003 period. #economics
on 02026-08-26#Scott-Alexander defends #liberalism against #socialism on the basis that good #economics do make people happy
on 02026-08-25“Labour share of GDP, comprising wages and social protection transfers, %” has Switzerland at 70.4% as of 02025, from the United Nations Economic Commission for Europe. #economics #data
on 02026-05-30Share of Labour Compensation in GDP at Current National Prices for United States is 56% as of the latest figure (02023), down from a high of 65% in 01970, a peak of 64% in 02000, a previous nadir of 59% in 02010, and a subsequent peak of 61% in 02020 #history #economics #data
on 02026-05-30helpfully compares the crude oil market (US$2.1 trillion/year) with iron ore (US$283 billion/year), gold (US$196 billion/year), copper (US$183 billion/year), and aluminum (US$153 billion/year) #commodities #data #economics
on 02026-05-30“The global cement market size was valued at USD 384 billion in 2025.” #commodities #economics
on 02026-05-30#California minimum wage is US$16.90/hour. #economics #tourismm
on 02026-04-30Tyler Cowen quoting Matt Yglesias quoting Brad DeLong quoting Agatha Christie saying she never thought she would ever be wealthy enough to own a car – nor so poor that she wouldn’t have servants. #history #economics
on 02026-04-07#ACOUP on what percentage of the time medieval peasant women had to work. #economics #history
on 02026-03-21#ACOUP provides strong arguments that in #history peasants worked 2500 to 3000 hours per year, much more than many people do today. Also #agriculture has changed fundamentally: “As a rule, farming yields in the pre-modern are discussed not in terms of productivity per-land-area but rather in seed yields: for a given dry measure of seeds planted, how many of the same dry measure of seeds (because those are the tasty, edible parts of these plants) do you get back? So they are expressed in figures like 4:1 which means for every one modius/dry liter/bushel sown, four are harvested.” #economics
on 02026-03-21persuasive #video about #energy #futurism (mostly #solar-energy) and #economics, ending up in a fiery anti-#Trump #politics diatribe
on 02026-03-14arguments that #AI will likely restructure #economics to increase inequality, because you’ll be able to just buy “talent”. #futurism
on 02026-02-12Pierre Rochard’s “Working and Saving are Revolutionary Acts.” I’m not convinced! #philosophy #politics #economics
on 02026-01-16Pew Charitable Trust: “How States and Cities Decimated Americans’ Lowest-Cost #Housing Option: The intertwined history of single-room occupancy and #homelessness in the U.S.” #USA #politics #history #economics #roommates #SROs #toread
on 02025-10-02“Perhaps the simplest method of creating low-cost shared housing is to allow unrelated individuals to share a house in the same way that relatives are allowed to share a house. (...) Iowa, Oregon, and Colorado all passed bipartisan legislation to strike down local codes that prohibit house-sharing (in 2017, 2021, and 2024, respectively).” #USA #politics #economics #housing #roommates #SROs
on 02025-10-02#video of Kyla Scanlon explaining the global supply chain of bicycle #manufacturing, comparing Litespeed (American Bicycle Group) in Tennessee (in the #USA) to a Sri Lankan factory for Ozone. #economics
on 02025-09-29Paul Krugman predicts #USA #stagflation. #economics #news #toread
on 02025-08-08#USA #economics #news. #Trump fired the director of the #BLS for the sharp downward revisions in job numbers.
on 02025-08-08#news #video on #Trump #tariffs coming back into effect yesterday, in many cases over 30%. #USA GDP grew at annualized 3% during the second quarter. But the labor department revised its job growth numbers for May and June downwards by a large factor, like 6× or something. Mostly filler: talking heads and stock footage. From the #WSJ. #economics
on 02025-08-08Domingo Cavallo’s blog on #Argentina #politics and #economics
on 02025-07-14“Political economy (...) [o]riginating in the 18th century, [] is the precursor to the modern discipline of #economics.” #history
on 02024-12-21#news #video with #economics #statistics about #Argentina: +3.9% GDP in the third quarter of 02024, -1.7% the previous one, -2.1% the one before that, and -1.9% from the last quarter of 02023. That still leaves us 2% below the last quarter of 02023. The talking head in the video, however, says it leaves us 0.1% below. It seems like this is a combination of calculation errors (maybe he’s naïvely adding percentages instead of multiplying, or maybe I’m using incorrectly rounded numbers) and not counting the -1.9%. He also says that the quarter-on-quarter growth in construction activity was 6.9% and in industrial production was 13.6%. The year-on-year figures he shows seem to show a dismaying backslide towards a resource-extraction economy: 32.0% growth in agriculture, 7.3% growth in mining, 7% growth in fishing, 2.9% growth in hospitality [...] and a 10.7% drop in manufacturing and a 14.9% drop in construction. Which I guess are the sectors that rebounded most sharply in this last quarter. And apparently last year there was a drought.
on 02024-12-17#news #video with a bunch of talking heads discussing #Milei’s #economics tweet (“Sigan llorando econochantas de mandrilandia”) that the #Argentina’s GDP went up 3.9% from the second quarter to the third quarter, which would be an unheard-of annualized 16.5% growth if it were true, following the earlier fall (which a talking head incorrectly says was 3%). Apparently the central bank has bought US$3.5 billion in dollars from private companies in the last 2½ months, increasing its reserves. And the riesgo país is below 700 basis points (7%) for the first time in a long time.
on 02024-12-17#news #video with a bunch of #economics talking heads arguing about what it means that #Argentina’s inflation is now down to 2.4% per month.
on 02024-12-17#Taiwan #economics #history: US$23k GDP per capita in 01997, US$53k per capita in 02022 (in 02011 dollars)
on 02024-12-15#video of Claudia Sheinbaum of #Mexico describing an #import-substitution project they’re trying to do to reduce the trade deficit with #China. Says Mexican cars exported to the US are only 7% Chinese, while US-made cars are 9% Chinese. Says that globalization is out of favor since the pandemic. Mexico imports supposedly US$211 million from China, while the US imports US$1080 million from China. #economics
on 02024-11-27the transition from zaibatsu to keiretsu in the #history of #Japan’s #economics
on 02024-11-16#statistics on the inflation-adjusted interest rate on #USA treasury bonds at different maturities and different dates. #economics #data #finance
on 02024-11-03#statistics on the one-year inflation-adjusted interest rate #USA #finance #economics #data
on 02024-11-03#history of #development in Gilded Age #USA and current #China. #economics
on 02024-11-02#Argentina #economics #predictions
on 02024-10-18#Economics #statistics for #Argentina, like how our interest rate is 40%
on 02024-08-20#IMF #economics: “Global Economy Approaches Soft Landing, but Risks Remain (...) Inflation continues to ease. Excluding Argentina, global headline #inflation will decline to 4.9 percent this year, down 0.4 percentage point from our October projection (also excluding Argentina).” Haha, ouch.
on 02024-03-05“Eclipse of Rent-Sharing: The Effects of Managers’ Business Education on Wages and the Labor Share in the US and Denmark”, “This paper provides evidence from the US and Denmark that managers with a business degree (“business managers”) reduce their employees’ wages. Within five years of the appointment of a business manager, wages decline by 6% and the labor share by 5 percentage points in the US, and by 3% and 3 percentage points in Denmark.” #economics #politics
on 02022-10-12#Y-Combinator’s email to founders about the disastrous #economics we’re going into
on 02022-05-26#history of #inflation in #Germany, 01995–02012. #economics
on 02022-05-26how much #ammonia does #agriculture need per bushel of #corn? 3kg of hydrogen makes 17k of ammonia which makes 250 bushels of corn (56 lb. each, so 6350 kg; 3.5 kcal/g gives 370 MJ/bushel, so that’s 93 GJ), so the 142MJ in 1 kg of hydrogen has about 3% of the energy content of the resulting 31 GJ of corn. #fertilizer #economics #energy #food
on 02022-05-21Economist: “Tech #bubbles are bursting all over the place”. May 14th, 02022. Amazon's down by a third, Microsoft a fifth, since their peaks at the end of 02021. #economics #history
on 02022-05-21debunking of the stupid #rare-earths scaremongering by Amory Lovins. #materials #economics
on 02020-11-18#economics of pre-modern bloomery smelting of #iron; on the order of two man-days of work, largely charcoal-burning, per kg of iron. #history
on 02020-09-25Harry Potter #economics #PDF #paper. If you’ve read Harry Potter, this is probably the 34-page book to read to understand the basics of economics.
on 02017-11-25“Is Decoupling GDP Growth from Environmental Impact Possible?” No. #paper #economics #politics
on 02017-11-25#PDF: employment falls in Santa Clara County, California, #USA #politics #economics
on 02017-04-02on “considerations on cost disease”: in #economics, if income is flat, costs have gone up, and saving has remained constant, then consumption must have gone down. (But maybe consumption is going up, costs remain constant, and quality is going down?)
on 02017-03-11#economics #history #to-read of #Asia-Minor
on 02017-03-11how #USA #economics collapsed
on 02017-03-02Things in the US are getting more expensive in real terms, which is to say, the #economics aren’t working — people are not able to obtain more welfare for less work as before; this is not the Baumol effect but a different problem.
on 02017-02-10George Lakey on Wagingnonviolence is kind of in favor of #Britain’s #Brexit #politics. He wrote a book about Scandinavian #economics and #Norway’s decision not to enter the #EU.
on 02016-11-21The Guardian claims work will end. #economics
on 02016-10-14Obama writes about #USA in the Economist, largely about hate groups like the #AltRight and about #economics and #politics #toread
on 02016-10-06RIT Capital Partners chairman Lord Jacob Rothschild comments on financial instability post-#Brexit. #economics
on 02016-10-02on the causes and effects of the bankruptcy of the Hanjin #shipping line. It’s a big win for Hyundai Merchant Marine. #news #economics
on 02016-09-23a tiny bank called Raiffeisen Gmund am Tegernsee is passing through the #ECB’s negative interest rate of 0.4% to retail individual depositors with balances over €100k, rather than just businesses. #euro #banking #economics #demurrag
on 02016-08-12#economics of #Argentina: 4.2% inflation during May (which would be 50.4% annualized); growth, private employment, manufacturing, and investment have all fallen since #Macri took office.
on 02016-07-11Kantorovich (Канторо́вич) was the famous #Soviet #economics guy who invented #linear-programming in 1939, years before Dantzig.
on 02016-07-11Esteban Magnani on the #economics impact of #free-software on #Argentina
on 02016-07-11Robin Hanson explains why he’s spent his life promoting #prediction-markets and #economics and why he’s now deciding to crusade against prestige itself.
on 02016-06-30John Battelle reviews Rana Foroohar’s book Makers and Takers and interviews her. She argues that finance has broken #economics and Adam Smith would be appalled. Snipes at Apple: “they haven’t really had a game‑changing, underlying technological innovation since Steve Jobs died”
on 02016-06-22“The Economic Organization of a P.O.W. Camp” #pdf #paper by Radford on prisoners of war buying and selling things with cigarettes, 1945 #economics
on 02016-06-08GDP growth #economics #history of the US from 1950 or so.
on 02016-05-02On Debt: The First 5000 Years: “Most economists claim that money was invented to replace the barter system. But you’ve found something quite different, am I correct?” It appears that debt predates money, and money predates barter. #anthropology #economics #history
on 02016-04-11The St. Louis Federal Reserve Bank comments on how US employment growth has been confined to nonroutine jobs since 1990. #economics
on 02016-03-19an overview of the last year’s worth of #deep-learning breakthroughs and some advocacy of a universal #basic-income guarantee. #economics #politics
on 02016-03-19end of exchange-rate controls in #Argentina #politics #economics
on 02015-12-16US gross international trade (imports + exports) is US$5T per year, 28% of its GDP and almost US$16000 per capita. #economics
on 02015-11-26Yeah, so apparently there’s a decline in rail traffic and declines in the exports and imports of #China. #economics
on 02015-11-20Dry bulk (as in, not containerized) shipping is in a slump, due in part to lower coal and iron ore demand from #China. WTF, China’s making less steel? #economics
on 02015-11-20#Norvig’s more or less active-essay explanation of basic #economics, using simulations with #matplotlib and #IPython.
on 02015-11-19Confucianists and Legalists categorized society into “shi (gentry scholars), the nong (peasant farmers), the gong (artisans and craftsmen), and the shang (merchants and traders).” In that order of value. (This #caste system is an interesting contrast interestingly with brahmins, kshatriyas, vaishyas, and shudras: shi is a hybrid brahmin-kshatriya caste, the nong, gong, and shang are lumped together into the vaishyas, and the shudras don’t appear at all.) This inspired Physiocracy, the first school of #economics, in France, with Taoist “wu wei” becoming “laissez faire”.
on 02015-09-04