Mike Norman Economics

I explain the underlying dynamics causing the choppy market action of late.

 There's something wrong with these people. [embedded content]Medical staff can be heard in the video warning the patient about the risks of leaving the hospital, stating they were worried about his condition. File photograph: Alan Betson/The Irish Times Medical staff can be heard in the video warning the patient about the risks of leaving the hospital, stating they were worried about his condition. File photograph: Alan Betson/The Irish Times. Saolta Healthcare Group has said it is “gravely...

 Oh well, so much for the metric system, it looks like we are going to go back to the silly imperial system. Boris Johnson’s government has promised it will pass legislation to allow British traders to sell their wares in pounds and ounces, rather than grams and kilograms, as it revealed plans to seek a liberalization dividend from Brexit.The restoration of old imperial weights, long demanded by Brexit supporters who resented the imposition of metric measures by Brussels, was among the top...

 Professor Jayati Ghosh says if more women economists had been successful in getting to the top of the profession economics would have been very different. Present neoclassical economies is very wealthy white male dominated, and so tends to emphasise competition over cooperation, and exploitation of the environment rather than trying to conserve and preserve it for the longer and common good. In this fifth and final lecture in the Institute for New Economic Thinking’s “Feminist Economics”...

In the 1980s, then-owner A. Alfred Taubman launched the "Third is the Word" campaign to promote A&W's new third-pound burgers to compete with  McDonald's quarter-pounder for the exactly the same price, but it bombed! Why? Americans thought they were getting a bad deal because three is a SMALLER number than four. Math education is important! It also shows you why the metric system is better than imperial. A&W RestaurantsThe Truth About A&W's Third-Pound Burger and the Major Math...

Responsible Statecraft (China thought so)Were the US and China really on the brink of war last October?Reminiscence of the FutureUnderstanding Is Good.Andrei Martyanov, expert on Russian military and naval issues. Martyanov was born in Baku, USSR in 1963. He graduated from the Kirov Naval Red Banner Academy and served as an officer on the ships and staff position of Soviet Coast Guard through 1990. He took part in the events in the Caucasus which led to the collapse of the Soviet Union. In...

Summary of a paper.Economics from the Top DownThe Long, Slow Death of the Free MarketBlair Fix

More on Chinese governance, in addition to polling public opinion and experimenting with pilot projects.China's governance system may not be "democratic" in the Western liberal sense, but it is attuned to the people because therein lies "the mandate of heaven."Sixth ToneChina’s ‘Mass Line’ Moves OnlineCai Tianji

Being of German nationality, I am proud of our Chancellor, Mrs Angela Merkel.  The first female chancellor of Germany and has been variously described as the “de facto” leader of the European Union and the most powerful woman in the world.Angela Merkel was chosen by Germans to be their Chancellor in 2005. For over 16 years she showed a great example of leadership with skill, dedication and sincerity.In those sixteen years of power, there were no rebellions in her country. She did not appoint...

I have nothing against Elon Musk, who, on the whole, seems to be a fairly amicable person, but is there a problem with the system? The maga rich don't really do this for the money, they do it for the prestige and because they enjoy it, which wouldn't be any different if the tax system was changed. Elon Musk is currently the second richest person in the world. Between April 2020 and April 2021 Elon Musk made $383m per day on average. We took those numbers and compared them to everything from...