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[unable to retrieve full-text content]Fairly new article on international manufacturing. I broke it down, added information plus another chart, and did some editing. It really was a good article on manufacturing. I just made it better based on my fifty years in supply chain and throughput. Industrial Policy is Back. Is That a Good Thing? What Are the Issues? […] The post Industrial Policy appeared first on Angry Bear.

Figure 1: Extra Profits at Gamma Prices for the Second Double-Fluke Switch Point This post is a continuation of this series of posts. A switch point in which wage curves are tangent on the axis for the rate of profits is a double-fluke case symmetrical to the double-fluke case in the previous post. As shown in Figure 1, this case arises in this example as well. The roles of the Alpha and Gamma techniques are reversed. Alpha is always cost-minimizing, while Gamma is cost-minimizing only at...

For anyone in doubt, Donald Trump has at least made things clear: the right exists and it speaks loudly. As has often been the case in the past, it takes the form of a mixture of violent nationalism, social conservatism and unbridled economic liberalism. We could call Trumpism national-liberalism, or more accurately, national-capitalism. Trump’s remarks on Greenland and Panama show his attachment to the most aggressive, authoritarian and extractivist form of capitalism, which is...

[unable to retrieve full-text content]This “Keep Calm” post showed up in my inbox today. I posted a partial of Economist Claudi Sahm’s report. She is discussing January CPI. I am more interested in the layoffs at the government and now corporations. I am seeing companies starting to follow suit with layoffs. Today and after the crash at Washington D.C., […] The post Inflation. How worried should we be? appeared first on Angry Bear.

[unable to retrieve full-text content]– by New Deal democrat There’s no significant economic news today. Since I didn’t publish a link to my “Weekly Indicators” post up at Seeking Alpha over the weekend, here it is now. Left to its own devices, as I’ve written a number of times recently, the economy is in “steady as she goes” mode, with few […] The post New Deal democrats Weekly Indicators for February 10 -14 appeared first on...

If you enjoyed this video, you might also like my most popular video, "Don't Study Economics, Study THIS Instead." https://www.youtube.com/watch?v=oO7iCv_NsPE -- Who is Dr. Steve Keen? Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against conventional economic models. Holding a Ph.D. in economics, Dr. Keen is...

[unable to retrieve full-text content]I’ve been a big fan of airline travel and have flown hundreds of times on commercial flights for business and pleasure over the past five decades. Not anymore: “The Trump administration has begun firing several hundred Federal Aviation Administration employees, upending staff on a busy air travel weekend and just weeks after a January fatal […] The post Flying the unfriendly skies appeared first on Angry Bear.

from Lars Syll Back in 1991, when yours truly earned his first PhD​ with a dissertation on decision making and rationality in social choice theory and game theory, I concluded that “repeatedly it seems as though mathematical tractability and elegance — rather than realism and relevance — have been the most applied guidelines for the behavioural assumptions being made. On a political and social level, ​it is doubtful if the methodological individualism, ahistoricity and formalism is...

[unable to retrieve full-text content]I grabbed a few of the charts from this recent Gallup ECI report not so much to do a political viewpoint. Just watching the massive layoffs at the US Government which will certainly impact the nation’s Unemployment numbers. That layoff was bad enough when measured against the respect for people. It will have an economic […] The post U.S. Economic Confidence Ticks Down appeared first on Angry Bear.