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evonomics.com | ||
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economicsfromthetopdown.com
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| | | | | Real GDP is key to macroeconomics. But is it a valid measure of economic scale? | |
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effectivecurrency.com
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| | | | | [AI summary] The article explores the 'Great Gatsby curve' among America's ultra-wealthy, highlighting how rising inequality correlates with declining social mobility. It uses data from the Forbes 400 to show that the wealthiest have become increasingly unequal and socially immobile over the past four decades. The analysis includes trends in wealth concentration, the dynamics of the 'game of thrones' among the richest Americans, and the fractal nature of inequality. The piece concludes by suggesting that capitalism's inherent regressive aspects, such as unchecked property rights, contribute to entrenched inequality and immobility. | |
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www.viralnewsconnection.com
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| | | | | [AI summary] The article argues that sales per worker do not necessarily reflect productivity, as they are influenced by both output and pricing. It critiques the neoclassical economic theory that prices reveal utility, highlighting that prices are not independently measurable and that the correlation between sales and wages is an accounting identity rather than an indicator of productivity. The piece emphasizes the need to understand the role of prices and the limitations of traditional economic models in explaining income distribution and firm behavior. | |
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geo-engineering.blogspot.com
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| | | Concentration of carbon dioxide in the atmosphere reached 394.97ppm at Mauna Loa in May - 41% above the 280ppm it had been for thousan... | ||
