Mike Norman Economics

In the video below Gweilo says China is the mirror opposite of the West. Men are not macho, but are refined, and friends like to hug and sometimes hold hands with each other. People are very polite and courteous and like to dress smart all the time. Where some of us in the West will occasionally go out with a few friends at night most people like to stay in and watch TV, but the Chinese like to go out all the time and socialise in the streets where they will do Tai Chi, dancing, singing,...

Housing finance is interesting, and offers an interesting take on some theoretical issues. Although the theoretical issues sound abstract, they are critical issues in economies facing a housing bubble. This article looks at one aspect of housing finance: the limit to financing is credit risk, not funding. Monetary flows in a credit-based economy are circular. Bond Economics Housing Bubbles And Their Financing Brian Romanchuk

China's news can come across as somewhat corny to Americans but it is taken seriously and to heart in China.Here is a Mother's Day message featuring President Xi Jinping as filial son, a key Confucian value.In India and among those that follow the Vedic tradition, all women and especially mothers are regarded as manifestation of the Divine Mother (Devi) whose forms are many and varied but whose reality is one. Happy Mother's Day to all mothers.EcnsWays to love mother: Xi's story shows the...

Prominent US Economist Daron Acemoglu, the professor at the Massachusetts Institute of Technology (MIT), has agreed to provide his assistance in restoring Armenia’s economy after the country was hit with a wave of anti-government protests, newly-elected Armenian Prime Minister Nikol Pashinyan said on Sunday. “I just had a phone conversation with widely known economist of Armenian origin Daren Acemoglu. He said that he is ready to help Armenia in the issue of restoring and developing the...

Econospeak Everything You Would Learn about Marxism If You Were Subjected to Two of My Lectures Peter Dorman | Professor of Political Economy, The Evergreen State College Magpie's Asymmetric Warfare Unfrequently Asked Questions: Marx and Marxism (i) Magpie International Socialist ReviewMarx and Engels...and Darwin? The essential connection between historical materialism and natural selection Ian Angus MROnlineKarl Marx: India’s freedom struggle too was influenced by Marxism...

Exposé. Bolton again, and more.TruthdigTrump Team May Be Focusing on Odd, Obscure Iran Plan Max Blumenthal

One ring to rule them all.East Asia Forum (Australia)China’s state media is going global Zi Yang, RSIS also I wonder how they are going to explain China's rise only after abandoning Mao's strict Marxism-Leninism for Deng's introduction of markets. Socialism with Chinese characteristics, I guess. Defend Democracy Press Meeting Marx: Chinese youth dig Marxism’s appeal Xinhua

The real reason is that they think everyone is like them. A misanthropic view of humanity guides the tech aristocracy — and it’s trickled into their vision of the future But I would argue it goes somewhat deeper than that. They are aware of how tenuous civilization has becomes, being so dependent on fragile systems that are highly efficient but lack resilience and there is inadequate redundancy and backup. Vital resource shortages could develop more quickly than they can be addressed as a...

I would post a link to Martin Wolf's article but it is behind a paywall at the Financial Times. So this will have to do unless you have access. Somewhat embarrassingly, Brad DeLong gets Mariana Mazzacuto's name wrong. Oh, well, I make mistakes like that, too, on occasion.Wolf review poses a very pregnant question, "… she forces us to ask ourselves what adds value to society and how to create an economic and social order that promotes that."WCEGThe extremely intelligent Martin Wolf...

Trump is a disaster for the environment, for wildlife, and for human life. Trump has handed over to polluters oil and mineral rights in US National Monuments. Mining will now deface what was before Trump protected national monuments, and oil drilling will destroy the Arctic National Refuge. He has appointed polluters to run the Environmental Protection Agency (EPA), and he has waived rules in order to comply with the polluting industries’ wish list. Trump wants to cut EPA funding by 23...