Thursday, January 12, 2023

Has economics run out of big new ideas?

At the annual meeting of the American Economic Association, held this year in New Orleans, wonks discussed everything from inflation and technological progress to the economics of crime and the energy transition. Yet those looking for big breakthroughs would have left unsatisfied.

In New Orleans economics's biggest names offered ideas that were fresh and interesting, but hardly breakthroughs on the scale of, say, the Nash equilibrium or the idea of asymmetric information.

Twitter: @YahooFinance
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Alum Kathleen McGarry Named Thomas Muench Endowed Chair of Economics | | SBU News

Renowned economist Kathleen McGarry will be joining the Department of Economics in the College of Arts and Sciences as the Thomas Muench Endowed Chair of Economics beginning this summer.

A proud Stony Brook University alumna, McGarry received a BS in mathematics with a double major in economics, as well as a PhD in economics, from Stony Brook. The endowed chair was established in the department in 2020 as part of a transformative gift from Marilyn Simons '74, '84, PhD.

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Publisher: SBU News
Date: 2023-01-11T19:15:25Z
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New year sprinkled with past years' economics | Las Cruces Bulletin

To give our readers a chance to experience all that our new website has to offer, we have made all content freely avaiable, through October 1, 2018.

Prices are up, yet growth is projected to slow. In the 1970s, shocks in higher oil prices created high inflation, which combined with commodity price shocks, and high unemployment led to “stagflation.” Many predict that now.

Publisher: Las Cruces Bulletin
Date: Thu 12 Jan 2023 07:59:00 -0700
Author: By Steve Apodaca
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Home prices will bottom in early 2023: TD Economics

The bank says it's maintaining its long-held view that home prices will fall roughly 20 per cent peak-to-trough, but the steepest declines will happen in Atlantic Canada, Ontario and B.C.

"However, declines in the latter two markets will more than retrace the gains made in 2022, which is not the case for the Atlantic," TD economist Rishi Sondhi wrote in the report, which was released Tuesday.

Twitter: @YahooNews
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Economics of Ethics: Is Ethics Ultimately an Economics Conversation?

Here's the problem with the data and AI ethics conversation – if we can't measure it, then we can't monitor it, judge it, or change it.  We must find a way to transparently instrument and measure ethics.

Unintended consequences are unforeseen or unintended results that can occur as a result of an action or decision.

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Publisher: Data Science Central
Date: 2023-01-09T21:29:51 00:00
Author: Bill Schmarzo
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The Economics Of Costco - One Square Foot At A Time (NASDAQ:COST) | Seeking Alpha

This article looks at the past 20 years of Costco's ( NASDAQ: COST ) financial performance on a square foot basis. Figures presented are annual and do not include the most recent Q1.

We'll be using a variation of the 'Dupont' breakdown derived exclusively for brick & mortar retail. The governing equation is shown below. I believe it's the best way to analyze the unit economics of a B&M retailer.

Publisher: SeekingAlpha
Date: 0FEA0055AC330065CFA87CA3045E9860
Twitter: @SeekingAlpha
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Looking at Reimbursement Economics of CDI in Healthcare Systems

It's been estimated that approximately 15% to 30% of patients who respond to antibiotics experience recurrent Clostridioides difficile (rCDI). 1 A second recurrence rate of 40% has been reported among patients with a resolved first recurrence.

Contagion spoke to Tillotson on the study's findings and what it means for looking at the economics of treating C difficile and recurrence in the healthcare system .

Reference

1. Song JH, Kim YS. Recurrent Clostridium difficile Infection: Risk Factors, Treatment, and Prevention.

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Dr. Daniel Sutter: Economics and conspiracies - Yellowhammer News

Collective action problems make the organization and execution of conspiracies difficult. Economics employs methodological individualism to study markets, a fancy term meaning building up from the choices and actions of individuals.

Groups are comprised of individuals with their own goals and incentives. Methodological individualists are unlikely to commit the unitary actor fallacy or focusing exclusively on a leader's choices. Generally, a tension exists between individuals and the group.

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Publisher: Yellowhammer News
Date: 2023-01-09T13:00:05 00:00
Author: Dr Daniel Sutter
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Pot of gold or tin cup? Economics of cannabis legalization - Rochester BeaconRochester Beacon

Adult possession of marijuana became legal in New York on March 31, 2021, when then-Gov. Andrew Cuomo signed the Cannabis Law .

Deeply-held opinions about the risks and economic opportunities of legalization set the stage for what was a long and contentious debate over the bill's provisions. The complexity of the Cannabis Law—it tops 70,000 words—is reflected in the delayed implementation.

Publisher: Rochester Beacon
Date: 2023-01-12T13:53:54 00:00
Twitter: @RochesterBeacon
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Trance Party Event Tickets

A Concert Like No Other


Hop aboard a shuttle to Kepler-1649c. Be there to welcome new lifeforms into the universe. All passengers must have a verified event ticket. There are 10,000 tickets in circulation so no need to panic. Limited seating available per trip. There will be multiple flights each hour shipping off from the NORAD Space Port in Iceland.

Event tickets are non refundable & non transferable (except on the black market. Call Sal with questions.) An event ticket can be reused for up to 9900 yearly transactions.

No sandals allowed on flight. Adults only. Kittens must show a custodian's ID at the gate. You are not allowed to get married while aboard the shuttle. Please arrive early if you are wearing jeans.

NB: EVENT TICKETS CONTAIN A PRIVATE ANONYMOUS DIGITAL IMPRINT.

Reserve your spot. Click here.




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