Technology Changes Geography

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The gravity model of trade is based on the idea that distance somewhere between influences and determines the amount of trade that will happen...

Reality’s A Bitch

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Horrible how the universe disagrees with our plans, isn't it? Reducing the length of the working week boosts productivity. Does it? Gosh, that's good. Gothenberg dropped...

Mummy! The Guardian’s Lying About The IMF Again!

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It's not like they've not done this before of course but it is still irritating: IMF boss says raise taxes on the rich to tackle...

Well, Yes, That’s Why Unemployment Is At 3.5%

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If only a smattering of economics had managed to stick: But this is neither a normal president nor a normal economic boom. For starters, though...

Pluperfect Economic Idiocy

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It's amazing that people publish this sort of stuff. Not the writers for of course there are innumerable people who can type and also...

A Small Warning For Modern Monetary Theory Enthusiasts

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There are things about Modern Monetary Theory that are entirely true. For example, it is indeed a veracious statement that if the government desires...

Amazon’s Making Us Richer By 140,000 Jobs Just This Past Year

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The correct way to read this story is to marvel at how Amazon is making us richer by 140,000 jobs in just the one...

Why Robert Reich Is Never Worth Listening To On Anything. Ever.

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Robert Reich tells us that the rich made money last year: The wealth of the 500 richest grew 25% this year, to $5.9 trillion. Never in...

The Problem With Paul Mason’s 21 Point Plan

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Here's Paul Mason's 21 point plan for, well, summat. The harbinger of the revolution or some such: THREAD: Here's my checklist for judging the Labour...

Explaining Relative Economic Performance

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Over the past decade those on the way down: Libya, Yemen, Equatorial Guinea, Greece, the Central African Republic, Sudan, East Timor, Lebanon, Greece, and Trinidad...