Saturday, July 24, 2021

Bloomberg - Are you a robot?

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Dismal Economics by James K. Galbraith - Project Syndicate

Although neoclassical economics relies on assumptions that should have been discarded long ago, it remains the mainstream orthodoxy. Three recent books, and one older one, help to show why its staying power should be regarded as a scandal.

Publisher: Project Syndicate
Date: 2021-07-23T09:21Z
Author: James K Galbraith
Twitter: @prosyn
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Biden misunderstands basic economics | TheHill

According to the law of supply and demand, when the government prints or borrows trillions of dollars, the value of the dollar declines, and prices rise. That is called inflation.

Per the president , "My Build Back Better plan will be a force for achieving lower prices for Americans looking ahead. It's another reason why these investments are so important."

Publisher: TheHill
Date: 2021-07-23T15:30:07-04:00
Author: Chris Talgo Opinion Contributor
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The Changing Map of Economics by Kaushik Basu - Project Syndicate

The global economy and capitalism are at a crossroads, owing to the COVID-19 pandemic, climate change, the rise of digital technology, and the changing nature of labor markets.

One recurring theme of this year's Congress was that the global economy and capitalism are at a crossroads.

COVID-19 has forced us into one kind of " learning by doing ," an idea that the Nobel laureate economist Kenneth J. Arrow , who emphasized that much learning "is the product of experience," developed in the abstract a long time ago.

Publisher: Project Syndicate
Date: 2021-07-23T14:25Z
Author: Kaushik Basu
Twitter: @prosyn
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Twitter: @FinancialTimes
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Construction Economics for July 26, 2021 | 2021-07-21 | Engineering News-Record

ENR's 20-city average cost indexes, wages and materials prices. Historical data and details for ENR's 20 cities can be found at ENR.com/economics

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Hosting the Olympics Is a Bad Deal - The New York Times

The DealBook newsletter delves into a single topic or theme every weekend, providing reporting and analysis that offers a better understanding of an important issue in the news. If you don't already receive the daily newsletter, sign up here .

Yesterday's Olympic opening ceremony was a year behind schedule and took place in a nearly empty stadium, during a state of emergency.

Date: 2021-07-24T12:00:03.762Z
Twitter: @nytimes
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YVONNE MINTZ: Economics don't support more print days | Opinion | thefacts.com

Hello, friends. It has been awhile since I spoke with you directly in this space, a consequence of weeks spent on senior class activities, graduation, last-this and last-that as we prepare to launch our daughter to college.

Yvonne Mintz is editor and publisher of The Facts. Contact her at 979-237-0100 or yvonne.mintz@thefacts.com .

Publisher: The Facts
Author: YVONNE MINTZ yvonne mintz thefacts com
Twitter: @thefactsnews
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Capital Economics Offers Lessons Learned About Pandemic Recovery
Publisher: WSJ
Date: 2021-07-20T20:59:00.000Z
Twitter: @WSJ
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