Category Archives: Macroeconomics

The Beatings Will Continue Until Confidence Improves

Three economists with the International Monetary Fund just released an article (PDF) citing that Austerity and Privatization, two aspects of the neoliberal agenda, are really bad things for economies. This is not all that shocking, as the data has supported … Continue reading

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The Economics of Refugees: Canadian Style

One almost cannot open a news site without hearing about Syrian refugees; how we should hate them, how they’re going to take money away from the citizenry, how somehow ISIS and Islam are the same thing (All ISIS members are … Continue reading

Posted in Economics, Health, Macroeconomics, Political Economy, Race, Sociology | Leave a comment

The Social Construct of Purchasing Power Parity

Why are some countries rich while other countries are poor? And how is national income distributed? It really depends on how poverty and prices are measured and compared. One common construct used by the International Monetary Fund (IMF) is the … Continue reading

Posted in Labor, Macroeconomics, Markets, Poverty | Leave a comment

Let’s Stop Pretending

Let’s stop pretending that economists or politicians really care about the labor force. Okay, maybe not ALL of them, but certainly the “big dogs.” With the Federal Reserve indicating that it’s going to raise target interest rates, there’s a lot … Continue reading

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Interest Rate Obsessions & Social Costs

There’s been a lot of talk, speculation and sheer obsessional madness in the econosphere about the possibility of interest rate increases from the Fed. Yes it’s bad for markets, it’s bad for the economy, it’ll cause a recession, and all … Continue reading

Posted in Economic Theory, Economics, Labor, Macroeconomics, Poverty, Public Policy, Socioeconomics | Leave a comment

How Minimum Wage Has Nothing To Do With Economics

Noah Smith thinks that a $15 per hour minimum wage is a bad idea economically. Admittedly, he makes a compelling argument that regions could suffer, and that any minimum wage should be made on a more local level. However, the … Continue reading

Posted in Economic Theory, Economics, Labor, Macroeconomics, Political Economy, Public Policy, Socioeconomics, Sociological Theory, Sociology, Wages | Leave a comment

The Super of the Super Powers

Over at Bloomberg View, Noah Smith cites the possibility that Canada has the ability to be the next great superpower., given its natural resources, political institutions and immigration system, if only Canada had a larger population. He does however, paint … Continue reading

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