Readings in Economics

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    Divergence into convergence via #Piketty #Capital #economics #charts

    — 1 day ago with 4 notes
    #economics  #inequality  #thomas piketty  #charts  #statistics 
    "Government economic forecasts receive a great deal of attention and are used to make a case for or against legislation or public policies. How good are the forecasts? The answer: not very. Forecasting is an inexact science at best, and the trust that Congress and the public invest in these estimates is not warranted."
    — 1 day ago with 2 notes
    #Ed lazear  #economic forecasts  #political economy  #statistics  #economics  #economists  #hoover institution  #stanford 
    "Good investments are always fundamental and contrarian."
    Peter Thiel (via @a16z interview with @pmarca)
    — 1 day ago with 1 note
    #peter thiel  #investing  #technology  #andreessen horowitz  #marc andreessen  #hedge fund 
    "Unless Europe changes course, it is in real danger of following the course Japan followed from the 90s-onward"
    Larry Summers
    — 1 day ago with 3 notes
    #Larry Summers  #Europe  #Japan  #Harvard  #deflation  #inflation  #economics 
    "For me, it’s about being straightforward. It’s about always knowing where people stand, supporting people, having an environment that really expects great work but also is a great place to be. Culture is everything. If you have happy people, they do their best work."
    Tory Burch on keeping her firm productive (via Charlie Rose).
    — 1 day ago with 7 notes
    #productivity  #tory burch  #Charlie Rose  #fashion  #economics  #business  #culture  #work  #happiness  #organizational behavior 
    "The reality is, when crises hit, policy makers or politicians are at a loss. They never do enough. The long-term costs of crises are absolutely enormous. The U.S. economy is far smaller today than it would have been if the crisis hadn’t happened."
    Martin Wolf of the Financial Times on Charlie Rose
    — 4 days ago with 4 notes
    #martin wolf  #FT  #charlie rose  #newspapers  #editorials  #economics  #political economy  #financial crisis 
    Arvind Subramanian is Indias New Chief Economic Adviser - NDTVProfit.com →

    The development economist worked closely with Reserve Bank of India Governor Raghuram Rajan when both were at the International Monetary Fund (IMF).

    Traditionally, the chief economic adviser is responsible for producing the annual Economic Survey - a document on the state of economy that underpins the drafting of the Budget - and a mid-year economic update that is presented to Parliament.

    — 4 days ago with 1 note
    #India  #economics  #BRICS  #development economics  #central banking  #political economy 
    "10-year interest rates dropped below 2 percent at least part of the day today. That’s the bond market signaling that it thinks that we are going to be a depressed world economy for a long time to come. The idea that we’re going to normalize, that interest rates are going to go up next year and everything’s going to return by 2018 to the way the world was in 2007, the market doesn’t believe that anymore and neither do I."
    Professor and Nobel Laureate Paul Krugman via Charlie Rose 10.15.2014
    — 4 days ago with 3 notes
    #paul krugman  #charlie Rose  #economics  #interest rates  #nyt  #princeton  #global economy