Category Archives: economics

Holidays, Vacations and Capitalism

I’ve always appreciated the distinction that somehow I feel exists more in British English than in American, between a holiday and a vacation. While the former is prescribed, usually by the state, the latter is a personal choice. There are … Continue reading

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Yes Minister on British Diplomacy

It’s been a couple weeks since UK Prime Minister David Cameron rejected the call for a new EU “fiscal compact.” Cameron’s essential beef was that he didn’t want to subject British institutions to the kind of fiscal oversight from Brussels … Continue reading

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More Reasons Not to Take Advice from Goldman Sachs

Over at Zerohedge, Tyler Durden has an amusing piece on why it’s probably not advisable to follow the public pronouncements of Goldman Sachs. Recently, Goldman raised its rating of many European bank stocks from “underweight” to “neutral,” which enabled it, … Continue reading

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New Trends in International Trade

A new infographic from The Economist neatly shows the inversion taking place in the customary trade relationship between developed and developing countries (if such terms even still apply). It also shows the likely way developed countries will try get out … Continue reading

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Productivity Gains, Stagnating Wages and Plutonomy

There were many proximate causes of the ongoing Great Recession. People talk about the growing propensity to borrow and lend, the unregulated and risky nature of new financial innovations, and of course the unanticipated and quite rapid implosion of the … Continue reading

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David Harvey and the Crisis of Capitalism

Here’s what social theorist/geographer/anthropologist David Harvey has to say about the current crisis:

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It’s Hard to Take Pictures of Places You Can’t Get to

A friend of mine has an awesome website called 15 sunrises. His basic project is to travel around and take pictures of all sorts of ‘scapes (city, country, mountain, etc.) in all sorts of lights. He’s partial to sunrise, sunset, … Continue reading

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