Monday, August 9, 2021

Economics Has Another Diversity Problem by Dani Rodrik - Project Syndicate

Although economists are finally addressing their profession's gender and racial imbalances, another key source of knowledge and insight remains absent from the discussion.

CAMBRIDGE – Early in his career, the economist Joseph E. Stiglitz had an extended stay in Kenya, where he was struck by various oddities in how the local economy operated. Sharecropping was one such anomaly.

Publisher: Project Syndicate
Date: 2021-08-09T09:33Z
Author: Dani Rodrik
Twitter: @prosyn
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Hugo Sonnenschein, Economics and SAS Dean | University of Pennsylvania Almanac

Dr. Sonnenschein received an undergraduate degree in 1961 from the University of Rochester, then received a PhD in economics from Purdue University three years later. Afterward, he began teaching at the University of Minnesota, where he became a full professor in 1968.

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Modern Economics: Mystical Academics Critiquing Mystical Academics

Carl Menger long ago observed that money was decidedly not a creation of the state. A failure among modern economists to understand this basic truth has resulted in endless waste of ink and mind as the book smart with PhDs next to their names have endeavored to plan so-called "money supply.

Back to reality, money is just a measure. It's what actual producers producing actual goods and services came up with so that exchange could be facilitated with other producers of goods and services. In other words, barter underlies all financial transactions to this day.

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Publisher: Forbes
Date: 2021-08-08
Author: John Tamny
Twitter: @forbes
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Monthly Review | The ‘Uno” school of Japanese Marxist economics (Makoto Itoh,

Value and Crisis: Essays on Marxian Economics in Japan, second edition
By Makoto Itoh
296 pages / $29 paperback / 978-1-58367-898-5

Makoto Itoh has had a long and distinguished career as a Marxist economist and is one of the leading thinkers of the Uno School of Marxism. He is one of a select group of Japanese scholars of Marx who have published widely in English, both in books and journals.

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Publisher: Monthly Review
Date: 2021-08-09
Twitter: @monthly_review
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Women in Economics – IMF Blog

Women remain underrepresented in economics, yet many have made an outsized impact on the field.

In F&D 's People in Economics series , the work of women economists has featured prominently. To add to your summer reading list, below are some of the profiles from recent years of the important thinkers who are leaving a mark.

Publisher: IMF Blog
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Rohini Pande on Inclusion Economics

Listen to the brightest minds in the field of economics and development discuss their latest research and deconstruct global economic trends.

Rohini Pande is Professor of Economics at Yale University and Director of the Economic Growth Center.

Publisher: IMF
Date: 2021-08-06
Twitter: @IMF
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Report: Streaming Traffic Growth Threatens Rural Broadband Economics - Telecompetitor

As much as 94% of rural broadband providers' network costs is related to streaming video entertainment, according to an academic paper from Roslyn Layton, PhD and Petrus Potgieter, PhD.

According to the authors, middle mile costs are the most problematic because government subsidy programs only focus on the last mile.

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Date: Est. reading time
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Using behavioral economics to boost pediatric adherence | Healthcare IT News

Anxiety related to medical procedures can cause delays and nonadherence to protocols among pediatric patients, and for good reason. These procedures involve outsized equipment and unfamiliar environments.

"Beyond the adverse effects to the patient's health, delays in treatment cause disruption to other patients waiting for care and to the medical practitioners and institutions devoted to providing timely, effective care for all their patients," Fung said.

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Publisher: Healthcare IT News
Date: 2021-08-08T11:28:00-04:00
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Real World Economics: Eviction moratoriums chock full of knotty issues – Twin Cities

A hot question right now is what legal powers, if any, the federal government has to halt evictions of tenants not paying rent. Such a moratorium started in March 2020, in response to massive job losses due to COVID, and was expiring at the end of last month.

That prompted much furor. The White House first announced that the Court was right — Biden lacked legal authority to extend a ban. The progressive wing of Democratic Party howled in protest, so House Speaker Nancy Pelosi appealed to the White House.

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Publisher: Twin Cities
Date: 2021-08-08T14:12:19 00:00
Twitter: @pioneerpress
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