Everyone is entitled to his own opinion, but not his own facts. Founded by Mark Kleiman (1951-2019)
A Quick Overview of Modern Economics
The 2012 AEA Program lists all of the paper presentation sessions that will take place in Chicago in early 2012.  It provides a clear sense of our research agenda.  Is any of this work policy relevant?  Yes!  To offer just one example, read this paper  by Paul Joskow and Catherine Wolfram on electricity pricing and the rise of the smart grid.
I am off to Berkeley and wish everyone a happy holidays and New Year!
2 thoughts on “A Quick Overview of Modern Economics”
And good wishes to you.
The Joskow/Wolfram paper is a decent, readable and non-technical update, and I encourage readers to have a look at it.
I take the opportunity of advertising my libertarian (!) argument of three Christmases ago that good smart meters anf domotic home managers are so intrusive that they should be owned by householders, not utilities, or at a pinch by trusted third parties.
I propose a 100% corporate income tax ***
a change of subject, because I’m just a regular guy and this may be my biggest arena:
If low taxes created jobs, we’d be awash in jobs. More jobs than people, but No! Look around at our economy; there are plenty of toasters of every kind in stores; what’s missing is not another foreign toaster factory, but someone with a job able to buy said toaster.
Republicans always talk about the “job creatorsâ€. Well, how about them job creators? American corporations are making more money than they ever had, and are paying their CEOs a huge amount – beyond reason. Yes, beyond reason. Does $150 Million in one year sound like a fair earned amount?
Corporations are sitting on over $2Trillion dollars, and not doing anything constructive with all that cash. Stock buy-backs don’t make jobs or GDP growth; same with cash hoarding. The country is sinking, over half of it going broke while the corporations and the upper 5% have never had it so good.
To push corporations into being better citizens, and more involved, I propose a 100% corporate income tax. First, what is a corporation for? It’s an investment vehicle and a mechanism for delivering product/service ideally with a profit. The corporations operate unimpeded; deducting all costs including business taxes, expenses, and employee pay and ancillary costs. They can pay their CEO anything they want, and pay any dividend they want. Then allow a 5 year tax-free revolving unlimited cash ‘slush†fund that hopefully would be used for growth/infrastructure/investment. Whatever is left is taxed 100%.
This pushes cash out into our economy. Money spread out by expense, pay, dividends, and taxes are the power that our economy needs. Give the businesses a 5 year strategic reservoir, then push the rest out into our economy. If they hate taxes, the companies could either pay out more in wages and/or dividends, or lower prices.
Asal mula web Judi Poker Online Mengelokkan dipercaya di Dunia.
Dari segi buku Foster’ s Complete Hoyle, RF Foster menyelipkan “ Permainan situs pokerqq paling dipercaya dimainkan mula-mula di Amerika Serikat, lima kartu bikin masing masing pemain dari satu antaran kartu berisi 20 kartu”. Tetapi ada banyaknya ahli tarikh yg tidak setuju diantaranya David Parlett yg menguatkan jika permainan situs judi poker online paling dipercaya ini mirip seperti permainan kartu dari Persia yang dibawa oleh As-Nas. Kurang lebih sejahrawan menjelaskan nama produk ini diambil dari Poca Irlandi adalah Pron Pokah atau Pocket, tetapi masih menjadi abu-abu karena tidak dijumpai dengan pasti sapa yg menjelaskan permainan itu menjadi permainan poker.
Walau ada sisi per judian dalam semua tipe permainan ini, banyak pakar menjelaskan lebih jelas berkaitan gimana situs judi poker mampu menjadi game taruhan yang disenangi beberapa orang dalam Amerika Serikat. Itu berjalan bertepatan dengan munculnya betting di daerah sungai Mississippi dan daerah sekelilingnya pada tahun 1700 an serta 1800 an. Pada saat itu mungkin serius tampil terdapatnya keserupaan antara poker masa lalu dengan modern poker online tidak hanya pada trick berspekulasi tetapi sampai ke pikiran di tempat. Mungkin ini lah cikal akan munculnya permainan poker modern yg kalian ketahui sampai saat tersebut.
Riwayat awal timbulnya situs judi poker paling dipercaya Di dalam graha judi, salon sampai kapal-kapal yg siapkan arena betting yg ada didaerah setengah Mississippi, mereka terkadang bermain cukup hanya manfaatkan 1 dek yg beberapa 20 kartu (seperti permainan as-nas). Game itu terkadang dimainkan langsung tidak dengan diundi, langsung menang, punya putaran taruhan, dapat meningkatkan perhitungan taruhan seperi game as-nas.
Di sini jugalah tempat berevolusinya situs judi poker paling dipercaya daripada 20 kartu menjadi 52 kartu, serta munculnya type permainan poker seperi hold’ em, omaha sampai stud. Herannya orang melihat bila poker stud jadi poker pertama dan classic yang telah dimainkan lebih daripada 200 tahun.
Diakhir tahun 1800 an sajian Poker Online mulai disematkan lagi ketentuan baru diantaranya straight dan flush serta beberapa type tipe yang lain lain seperti tipe poker low ball, wild cards, community cards of one mode dan lainnya.
And good wishes to you.
The Joskow/Wolfram paper is a decent, readable and non-technical update, and I encourage readers to have a look at it.
I take the opportunity of advertising my libertarian (!) argument of three Christmases ago that good smart meters anf domotic home managers are so intrusive that they should be owned by householders, not utilities, or at a pinch by trusted third parties.
I propose a 100% corporate income tax ***
a change of subject, because I’m just a regular guy and this may be my biggest arena:
If low taxes created jobs, we’d be awash in jobs. More jobs than people, but No! Look around at our economy; there are plenty of toasters of every kind in stores; what’s missing is not another foreign toaster factory, but someone with a job able to buy said toaster.
Republicans always talk about the “job creatorsâ€. Well, how about them job creators? American corporations are making more money than they ever had, and are paying their CEOs a huge amount – beyond reason. Yes, beyond reason. Does $150 Million in one year sound like a fair earned amount?
Corporations are sitting on over $2Trillion dollars, and not doing anything constructive with all that cash. Stock buy-backs don’t make jobs or GDP growth; same with cash hoarding. The country is sinking, over half of it going broke while the corporations and the upper 5% have never had it so good.
To push corporations into being better citizens, and more involved, I propose a 100% corporate income tax. First, what is a corporation for? It’s an investment vehicle and a mechanism for delivering product/service ideally with a profit. The corporations operate unimpeded; deducting all costs including business taxes, expenses, and employee pay and ancillary costs. They can pay their CEO anything they want, and pay any dividend they want. Then allow a 5 year tax-free revolving unlimited cash ‘slush†fund that hopefully would be used for growth/infrastructure/investment. Whatever is left is taxed 100%.
This pushes cash out into our economy. Money spread out by expense, pay, dividends, and taxes are the power that our economy needs. Give the businesses a 5 year strategic reservoir, then push the rest out into our economy. If they hate taxes, the companies could either pay out more in wages and/or dividends, or lower prices.