Category Archives: Socioeconomics

Quantitative Literacy: The Philosophy of Math (no math required)

As a society, I think we’ve all been conditioned to think of anything mathematical as “truth.” After all, if I have 2 apples, and I eat one, then I only have 1 apple left. Who could argue with that as … Continue reading

Posted in Econometrics, Economic Theory, Public Policy, Race, Socioeconomics, Sociological Theory, Statistics, Uncategorized | 1 Comment

Revisionist History: The 2008 Financial Crisis, Human Resources (Micro), and the Structure of Labour & Capital (Macro)

Hindsight isn’t always 20/20. So far removed from 2008, many politicians, and some economists have reframed the events of 2008 as the “Financial Crisis” in a way that didn’t make it seem so bad. In fact, it was a global … Continue reading

Posted in Economics, Labor, Markets, Political Economy, Public Policy, Socioeconomics | Leave a comment

Canada’s Unhealthy Obsession with a Balanced Budget

Canada is in the middle of both an election, and a recession. Why Canada is in a recession is obvious, and clear. What is not as clear is why Canada remains obsessed with having a “balanced” budget when it’s obvious … Continue reading

Posted in Economics, Political Economy, Politics, Public Policy, Socioeconomics | Leave a comment

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

The Statistical Significance of Statistics

There’s been a lot sparking between some sociologists and economists about the value of the “p-value” in econometric/regression analysis. Noah Smith points out that even the field of Psychology has declared open season on statistical p-values. One missing thing from … Continue reading

Posted in Econometrics, Economics, Public Policy, Socioeconomics, Sociological Theory, Statistics | 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 Difference Between Poverty Versus Inequality

Paul Krugman is musing about the relationship between GDP growth and inequality. Most of his analysis I agree with, especially the “data massaging.” I’m primarily a Sociologist, but I also hold a Master’s in Economics, and find data massaging a … Continue reading

Posted in Economics, Political Economy, Poverty, Socioeconomics, Sociological Theory, Sociology | Leave a comment