Mike Norman Economics

Income inequality has been rising so rapidly in the United States and around the world that it threatens to make economic growth less durable, according to research from the International Monetary Fund. "While strong economic growth is necessary for economic development, it is not always sufficient," four IMF economists write in a new blog. "Inequality has risen in several advanced economies and remains stubbornly high in many that are still developing," they added. "This worries...

Wassily Leontief quote from "Theoretical Assumptions and Nonobserved Facts." Lars P. Syll’s BlogMainstream economics — like butter scraped over too much breadLars P. Syll | Professor, Malmo University

[embedded content] Brother Nathanael is a character and this video is hilarious. If you enjoy Tom's posts you will like this video too. I came across Brother Nathaniel a few years back but I never bothered with him much seeing him as mad and also too right wing, but with the antics of HRC and the crazed liberals who follow her I'm beginning to find him pertinent.He's a Jew who converted to Russian Orthodox Christianity. I tried to do some research on him and the rumours are: he's manic...

Dragon breath. CounterpunchWorld War III With China: How It Might Actually Be Fought Alfred W. McCoy | J.R.W. Smail Professor of History at the University of Wisconsin–MadisonalsoThe DiplomatUS Navy, Marine Corps Unveil New Strategy to Turn Tables on A2/AD Steven Stashwick

Eric Schliesser is a philosophy professor that writes not only on "philosophy" but also political theory, which brings economics into the picture, too. (He has written a couple of books on Adam Smith.) His observations and advice on blogging as well as starting a blog is applicable most "serious" blogs, especially by academics and professionals.Digressions&ImpressionsOn Starting a (Philosophy) Blog Eric Schliesser | Professor of Political Science, University of Amsterdam’s (UvA)...

Explanation of how China works. Pretty well, actually.The Unz ReviewSelling Democracy to China Godfree Roberts See alsoAnother good analysis.The Diplomat ‘Chinese Capillary Democracy:’ Can Western Democracies Learn From China? Patrik K. Meyer, Foreign Expert at the Department of Arabic language & Literature at Peking University in Beijing, ChinaSee also In 2007 the Cuban government created forums for everyone in the country to contribute to a ‘Great Debate’ about Cuba’s socio-economic...

This could spell bad news for Nestle and other corporations seeking to corner the world market on clean water – but it would mean welcome relief for the hundreds of millions of people who have limited access to such a fundamental part of life. It is well-known that over 70 percent of the earth’s surface is covered by water – yet clean water for drinking and irrigation is one of the planet’s scarcest commodities. In fact, fresh water comprises only about 3.5 percent of the world’s supply....

The Vice President of the European Central Bank, Vítor Constâncio, gave the opening speech – Developing models for policy analysis in central banks – at the Annual Research Conference, Frankfurt am Main, on September 25, 2017. Last time I heard Constâncio speak in person, in Florence 2015, he was in typical Europhile central bank denial. He thought the Eurozone was fine, a great success given the low inflation, inferring that the ECB’s conduct had something to do with that. He didn’t talk...

Unlike Russia, the US is not observing its own pledge to dispose of its chemical weapons arsenal, the President Vladimir Putin said ahead of the destruction of the last batch of Russian chemical weapons on Wednesday. “Russia strictly complies with its international obligations, including those related to non-proliferation and reductions of weapons of mass destruction,” Putin said.  “Historically Russia was one of the largest holders of chemical weapons and the US remains one....