Economists have pointed out three contributing factors for the Great Recession. All of them closely related to the financial and banking system: Leverage, complexity, and liquidity (Blanchard, 2013). In this article, we […]
Housing building fatigue: an alternative interpretation of the origin of the Great Recession.
Looking for a Job: On the Unemployment Rate measure, North Dakota is still on the bottom, 2.4%.
On the Unemployment Rate measure, North Dakota is still on the bottom –in almost every labor market statistics. Unemployment Rate in both Dakotas are between 3.2% and 2.4%. California and Puerto Rico […]
Protected: If Smith and Ricardo were right, what patterns of economic specialization should we observe under free trade?
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If Smith and Ricardo were right, what patterns of economic specialization should we observe under free trade?
Many orthodox economists claim that the works of Adam Smiths and David Ricardo -the Wealth of Nations and On the Principles of the Political Economy- form a set of ideas that can […]
Falling Oil Price and Unemployment: Inferences from TMOS.
With oil prices at year’s lowest, U$55.25 per barrel, everyone wonders about possible spillovers in the United States national economy. Although many people started to enjoy low prices of gas and others […]
Fed may get monetary policy mussel back in 2015.
2014 showed no excitement in monetary trends, generally speaking. Besides the Federal Reserve’s Quantitative Easing program (QE), the pockets where the American money is remained mostly stable. The interesting changes were in […]
On the mathematization of Economics in the 21st Century.
The origins: The origins of mathematization of economics apparently is a contested issue even for economists. The genesis of this phenomenon may change depending on the measure used for establishing when historically […]
On the mathematization of Economics in the 21st Century.
The origins: The origins of mathematization of economics apparently is a contested issue even for economists. The genesis of this phenomenon may change depending on the measure used for establishing when historically […]
Insured Unemployment increased from 2,378,000 to 2,403,000 in December 2014.
There were no major changes in data from Unemployment Insurance during December 2014. Seasonally adjusted data showed that Insured Unemployment rate kept the same level for the week ending December 20th. Initial […]
Top ten of U.S. Occupational Employment Statistics for May: BLS.
“Retail salespersons and cashiers were the occupations with the largest employment in May 2013”: BLS. The top ten of U.S. Occupational Employment Statistics for May, was released today by the Bureau of […]
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