Mike Norman Economics

The foundation of the 18th century liberalism that spread globally as "Western values" and "freedom and democracy" is the motto of the French Revolution, Liberté, égalité, fraternité. It translates as "liberty, equality and fraternity."  "Liberty" means personal freedom based on the "natural rights of man." "Equality" means equal rights and equality before the law (equal justice). "Fraternity" means the "brotherhood of man." It is expressed as community and "solidarity." ...

Earlier this year, I worked on two books—featuring insights from 40 executives—exploring corporate purpose and impact. A clear theme emerged: To ensure that new capitalism doesn’t look a lot like old capitalism, we need more than just good intentions. We need a radical redesign of business at the structural level. Here are three big design questions that I encourage all leaders to ask themselves if they’re serious about inclusive capitalism: I don't think that use of highly abstract terms...

Ha ha. Libertarian-Austrian economist criticizes a left-leaning economist for being "highly partisan" in an analytic book that is about the socio-economic effects of ideology.Marginal Revolution*Capital and Ideology*, by Thomas PikettyTyler Cowen | Holbert C. Harris Chair of Economics at George Mason University and serves as chairman and general director of the Mercatus Center

Sustainable cost accounting and the political necessity of addressing reality.Tax Research UKBusiness has to change its accounting for the climate crisis and Mark Carney needs to go further than he’s suggesting is necessaryLabour needs to drop the Green Industrial Revolution: we need a Green New Deal, and they’re nothing like the same thingRichard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive...

I came across this on twiter, but they didn't say who the quote was from. "The paradox of tolerance states that if a society is tolerant without limit, its ability to be tolerant is eventually seized or destroyed by the intolerant" - "In order to maintain a tolerant society, the society must be intolerant of intolerance."

On October 13, 2019, the Bank of International Settlements published a paper – Exiting low inflation traps by “consensus”: nominal wages and price stability – (which was based on a speech one of the authors was to make in late November at a conference in Colombia). The reason I cite this paper is because it talks about Modern Monetary Theory (MMT) – in pejorative terms, without really knowing what MMT is. But the most interesting aspect of it was the admission that the mainstream theory...

Most Americans have no idea, it seems, what they are losing out on.  ‘If everybody has something for free, who’s gonna pay for it?’ — We took to the streets of NYC to find out how Americans feel about socialized health care. [embedded content]

EXCLUSIVE: The Conservatives are inviting private firms to bid for NHS cardiology, gynaecology, paediatrics and oncology services in big sell out Boris Johnson lied and the public believed him. Business as usual! NHS cancer care and kids’ ­treatments are up for grabs in a stealth Tory sell-off, the Sunday Mirror can reveal. Private firms are being invited to bid for chunks of our health service – in complete contrast to Boris Johnson ’s repeated election campaign denials....

For "low wage" industries, up > 4% YoY.All above the typical 2% "inflation!" rate the economorons typically talk about as some sort of threshold...The media needs to report this accurately. They don't want to admit that spike is @realDonaldTrump. Significant wage increases for lower wage Americans. https://t.co/Js2vAV3swG— Brad Parscale - Text TRUMP to 88022 (@parscale) December 21, 2019

Finland’s new head of state caused enthusiasm in the country: Sanna Marin (34) is the youngest female head of government worldwide. She leads a centre-left coalition in which all 5 government parties have women at the top. Her aim: To introduce the 4-day-week and the 6-hour-working day in Finland. Finnish Prime Minister Marin calls for a 4-day-week and 6-hour-day for her country