Posts filed under “Economy”

Comparative Advantage: The Tragedy of Tasmania

From Don Boudreaux’s Everyday Economics:


Hat tip Marginal Revolution

What can a small, isolated island economy teach the rest of the world about the nature and causes of the wealth of nations? When Tasmania was cut off from mainland Australia, it experienced the miracle of growth in reverse, as the reduction in trade and human cooperation forced its inhabitants back to the most basic ways of living. In an economy with a greater number of participants trading goods and services, however, there are more ways to find a comparative advantage and earn more by creating the most value for others. Let’s join Bob and Ann as they teach us the “Story of Comparative Advantage” like you’ve never seen it before.

Category: Economy, Philosophy

Where Are Clothes Manufactured?

Click for an interactive graphic. Source: Visual.ly

Category: Digital Media, Economy, Markets

Neighborhood Gentrification during the Boom and After

Neighborhood Gentrification during the Boom and After Daniel Hartley and Daniel Kolliner During the housing boom, a number of large cities in the United States experienced redevelopment in their lower-income neighborhoods as higher-income residents moved in, a process known as gentrification. Looser lending standards, which were prevalent at the time, may have contributed to the…Read More

Category: Economy

A College Education Saddles Young Households with Debt, but Still Pays Off Daniel Carroll and Amy Higgins     Many parents believe their children must get a college degree—especially if they want to have at least as comfortable a lifestyle as their parents had; yet the price of a college degree has been rising rapidly…Read More

Category: Economy, Think Tank

Category: Economy, Federal Reserve, Think Tank

Corporate America = UnAmerican

Today’s must read comes to us from Fortune, where editor at large Allan Sloane rails against “Positively un-American tax dodges.” Its your must read for today.     Let’s see if the our elected representatives can manage to stop behaving like 10 year olds long enough to resolve this.  

Category: Corporate Management, Economy, Really, really bad calls, Taxes and Policy

Inequality and Growth

Category: Economy, Investing, Taxes and Policy, Think Tank, Wages & Income

The Web of World Trade

Source: Euromonitor via Know More

Category: Digital Media, Economy

Change in private manufacturing jobs, by county

Source: NY Times

Category: Data Analysis, Economy, Employment

Economic Indicators Dashboard – June 2014

Source: Russell Investments

Category: Digital Media, Economy