Beware Economic Journalism – The Decline Of American Manufacturing
There's a piece in Quartz telling us that we're all wrong about what has caused the decline in American manufacturing. It really is imports....
Impressive – Ethiopia’s Managed To Make The Bureaucracy Run Out Of Paper
This is a truly and deeply impressive piece of governance. Ethiopia has managed to so screw the system that the bureaucracy itself has run...
What Is This Drivel About Australia Profiting From Recycling?
There's something about recycling that stops brains from working. Recycling costs money - the sort we're all urged to do at least does. So,...
Ghana’s Discovery Of The Miracle Minister
No, no, not that sort of Minister, some form of Baptist or Pentecostalist - Ghana has more than its fair share of them -...
A Useful Answer To Krugman’s Wage Puzzle – Real Wages Are, In Fact, Rising
The usual, and sensible, disclaimer here is that I as a mere scribbler tread on dangerous ground when I try to take issue with...
Thomas Piketty Said – Then Rich Americans lost $600 Million On Theranos
One of Thomas Piketty's central contentions was that r>g, that wealth accumulates to those who already have it faster than the economy grows. Thus...
Adam Smith Could – Indeed Did – Tell You Why Your Salary Is So...
It's entirely true that not everyone can know about everything. I myself am lamentably short in understanding why Simon Cowell for example. But there...
The Guardian And Exchange Rates – California’s Economy Now Larger Than UK’s
It's possibly about time that we introduced The Guardian to the concept of exchange rates. To the little wrinkles and bits and bobs of...
Marx At 200 – Yes, He Was Wrong, Badly Wrong
We're at the 200th anniversary of Karl Marx's birth - also the 201 st of Ricardo's publication, the 242 nd of Smith's Wealth of...
Amazon And Seattle – If You Tax Business Maybe It Doesn’t Turn Up To...
This is really quite glorious. Seattle has a plan to tax large companies in Seattle a little more. OK, well, go with it if...