Monday, October 4, 2021

Real World Economics: When good intentions go bad – Twin Cities

Todd Buchholz's "New ideas from dead economists" is a classic little history of economic thought. But sometimes one must go back centuries to dead theologians and philosophers to understand contemporary issues.

That is the case for Minnesota Attorney General Keith Ellison's action against Sparboe Eggs — so taken because the prices the company charged for eggs during some months in 2020 exceeded a limit mandated in Gov. Tim Walz's COVID emergency orders.

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Publisher: Twin Cities
Date: 2021-10-03T14:51:43 00:00
Twitter: @pioneerpress
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Facebook's First Female Engineer And An Economics Researcher Launch Fellowship To Solve Complex

Combining their expertise in the private, public, and academic sectors, Ruchi Sanghvi and Temina ... [+] Madon, and the organizations that they run, have come together to launch a Social Impact Fellowship.

Daisaku Ikeda, the Japanese Buddhist philosopher, said, "No matter how complex global problems may seem, it is we ourselves who have given rise to them. They cannot be beyond our power to resolve.

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Publisher: Forbes
Date: 2021-10-02
Author: Meghan McCormick
Twitter: @forbes
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Chuck Avery: Confessing an ignorance of economics

Every morning I wake up and turn on the radio to listen to the news. A lot of spouses might object to the sound, but my wife tells me she doesn't even hear it.

Even more puzzling than my fondness for the news is my paying close attention to the "Market Report," which comes on at 7 o'clock. I know nothing about the stock market, but I'm always concerned about which direction it's headed each day.

Author: Chuck Avery
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Economics class: German workers strike for higher pay as eurozone inflation surges | Financial

‘Increasing numbers of German workers are demanding higher pay amid rising inflation.’ Explain the impact of rising inflation on real wages.

‘Widespread demands for higher wages could start a self-fulfilling inflationary spiral.’ Explain what is meant by a wage-price spiral.

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Date: 2021-10-03T16:07:08.416Z
Twitter: @FinancialTimes
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Do climate dynamics matter for economics? | Nature Climate Change

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Dietz, S., van der Ploeg, F., Rezai, A. & Venmans, F. J. Assoc. Environ. Resour. Econ. 8 , 895–921 (2021).

Publisher: Nature Climate Change
Date: 2021-09-30
Author: citation_journal_title Science citation_author M Burke citation_volume 352 citation_publication_date 2016 citation_pages 292 293 citation_doi 10 1126 science aad9634 citation_id CR1
Twitter: @natureclimate
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'Connect with Distinguished Ohio Economics Alumni' kicks off with Rosewood COO John Purcell on

The Economics Department will start a new speaker series called "Connect with Distinguished Ohio Economics Alumni" with a webinar featuring John Purcell on Wednesday, Oct. 6, at 7 p.m.

"We want our students to be able to connect with OHIO alumni who are making an impact in the world," said Dr. Julia Paxton , professor and Economics Department undergraduate chair.

Publisher: OHIO News
Date: Thu 09/30/2021 - 09:00
Author: bolyardj
Twitter: @ohiou
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The Geopolitical Conquest of Economics by Jean Pisani-Ferry - Project Syndicate

Although economics and geopolitics have never been completely separate domains, international economic relations were shaped for 70 years by their own rules. But the rise of China and its growing rivalry with the United States have brought this era to an end.

Publisher: Project Syndicate
Date: 2021-09-30T14:20Z
Author: Jean Pisani Ferry
Twitter: @prosyn
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How Does the Economy Work? A New Fed Paper Suggests Nobody Really Knows - The New York Times

It has long been a central tenet of mainstream economic theory that public fears of inflation tend to be self-fulfilling.

Now though, a cheeky and even gleeful takedown of this idea has emerged from an unlikely source, a senior adviser at the Federal Reserve named Jeremy B. Rudd.

Date: 2021-10-01T09:00:15.000Z
Twitter: @nytimes
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CMU Library: Economics Of Streaming Inquiry Timeline | Complete Music Update

The UK government’s response last week to Parliament’s big old Economics Of Music Streaming report basically opened a new chapter in the ongoing debate about how the steaming business works, rather than bringing any story to a conclusion.

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