The Wall Street Crash of 1929, also known as the Great Crash and the Stock Market Crash of 1929, began in late October 1929 and was the most devastating stock market crash in the history of the United States.
Plenty more where that came from! (This article is cross posted from my article for OECD Insights where they provide discussion of a wide range of subjects that influence world development) A basic capitalist tenet is that the market represents the
‘Private equity’s undisclosed business model is value capture through financial engineering focused on the enrichment of a managerial elite, with mass investors mainly involved in providing the cheap debt which makes the whole thing possible.’ Julie Froud and Karel Williams, Private Equity and the Culture of Value Extraction, New Political Economy, 2007
The University of Central Lancashire (UCLAN) could become the first mainstream higher education institute to become a private company.
UCLAN announced to staff last week that it is seeking to dissolve its corporate form to become a private company, raising fears among staff that the institution could become a for-profit enterprise
Despite so many fat years, universities have done little until recently to improve the courses they offer. University spending is driven by the need to compete in university league tables that tend to rank almost everything about a university except the (hard-to-measure) quality of the graduates it produces. Roger Geiger and Donald Heller of Pennsylvania State University say that since 1990, in both public and private colleges, expenditures on instruction have risen more slowly than in any other category of spending, even as student numbers have risen. Universities are, however, spending plenty more on administration and support services (see chart 2).
Baumol's cost disease is often used to describe consequences of the lack of growth in productivity in public services such as public hospitals and state colleges. Since many public administration activities are heavily labor-intensive there is little growth in productivity over time because productivity gains come essentially from a better capital technology.
On Jan 15th, the Quebec government called on the federal government to reverse these changes to EI and do an assessment of their impact before reinstating any changes. They are concerned about the downward pressure on wages, and increases in social assistance rates as unemployed workers are cut off benefits and have no available employment.
This response from the Quebec government follows a huge protest in Îles-de-la-Madeleine on January 13th, where over 4,000 people came out to protest the changes to Employment Insurance.
MPs from PEI are hearing broad concerns, and are tracking them so that they can be shared with Minister Finley.
Europäische Banken im Stresstest: Können europäische Finanzinstitute ohne steuergeldliche Zuwendungen überhaupt weiter fortbestehen? Vieles spricht dagegen, doch sollte man auch hier keine voreiligen Schlüsse ziehen. Dass die Lage bei Weitem nicht so dramatisch ist, wie Uns von den Massenmedien suggeriert wird, stellen jüngste Angaben auf Rückzahlung der Kredite bei der EZB klar, wonach 278 Banken ihre Schuld bei der EZB bereits vor dem Ablauf der dreijährigen Zahlungsfrist in Höhe von 137,2 Milliarden Euro beglichen haben. Die teilweise in staatlicher Hand gehaltene Commerzbank befindet sich darunter.
Kanzlerin Merkel macht sich auf die Reise ins entfernte Chile, um beiderseitige Handelsbeziehungen zu etablieren. Trotz Euro-Krise, rund um den möglichen Austritt Großbritanniens aus der europäischen Gemeinschaft findet Angela Merkel Zeit für einen Kurzbesuch in Chile. Dabei geht es ein mögliches Freihandelsabkommen zwischen Deutschland und dem Andenland zu vereinbaren. Merkel auf wichtiger Handelsmission.
On June 5, 1883, British economist John Maynard Keynes, 1st Baron of Keynes, was born. His work and his ideas have fundamentally affected the theory and practice of modern macroeconomics, and informed the economic policies of governments. He is one of the founders of modern macroeconomics and is widely considered the most influential economist of the 20th century.
On June 16, 1723 (June 5 according to the old Julian calendar), Scottish moral philosopher and a pioneer of political economy Adam Smith was born. He is one of the key figures of the Scottish Enlightenment and is best known for two classic works: The Theory of Moral Sentiments (1759), and An Inquiry into the Nature and Causes of the Wealth of Nations (1776)
On July 15, 1848, Italian engineer, sociologist, economist, political scientist and philosopher Vilfredo Federico Damaso Pareto was born. He made several important contributions to economics, particularly in the study of income distribution and in the analysis of individuals' choices. The Pareto principle was named after him and built on observations of his such as that 80% of the land in Italy was owned by 20% of the population.
In a new interview Klein says that it’s important to question why the big green groups lo have been so unwilling to follow science to its logical conclusions.
Publication series from Just Associates “about the strategies and ideas shaping social justice work produced… in collaboration with various partners. Each publication takes on a different theme.”
Publications are available for free download in PDF format.
“…America's largest independent charity evaluator, provides free ratings of the Financial Health and Accountability & Transparency of thousands of charities. We are the individual donor's first source for unbiased news and information on philanthropy, nonprofit organizations, wise giving, donating money, charitable donations, and charity ratings.”
etalks.tv is a bilingual (german & english) online video platform, with a growing collection of informative interviews, live-events, debates and discussions in the fields of culture, politics, economics and science.
The peaceful transition to democracy and a market economy remains one of the most demanding political, economic and societal challenges facing the world's nations today. By providing a knowledge base of factors leading to success or failure in development and transformation, the BTI facilitates learning amongst decision makers and helps to improve future strategies.
FutureChallenges.org is an international network of activists and bloggers under the umbrella of Irrepressible Voices e.V. who aim to show the human dimensions of globalization.
Spying has gone digital, and it has moved beyond just feeding a nation's intelligence and military. Countries including China and Russia are using economic espionage to massively feed off foreign innovation to significantly boost their own economies and, in turn, harm those of others.
This website presents a series of free lectures on quantitative economic modeling, designed and written by John Stachurski and Thomas J. Sargent. The primary programming language is Python.
Revue de la régulation. Capitalisme, institutions, pouvoir. Revue semestrielle. La revue vise à fournir un lieu d’expression pour les analyses qui s’inscrivent dans la filiation des recherches régulationnistes ainsi que pour les chercheurs qui souhaitent en débattre.
Le débat économique outre-Rhin a longtemps semblé gelé. Hégémonie de la pensée orthodoxe, reconduction d'Angela Merkel pour un troisième mandat, inflexibilité allemande sur la dette grecque. Pourtant, tout le monde n'approuve pas les choix économiques de la chancelière. Le changement de majorité à Athènes relance le débat. (Par Amélie Poinssot)
Beneath the surface though, higher education is set to be subjected to more state interference and bureaucracy as part of yet another attempt to create a market as the TEF is set to allow institutions to link fee increases to inflation. At present, with inflation at 0% and hardly projected to soar in coming years, will the TEF actually reward and incentivise good quality teaching, or just provide another drain on the resources academics need?
Statistics is an inherent part of UNCTAD. Being the United Nations' focal point for the integrated treatment of trade and development and the interrelated issues in the areas of finance, technology, investment and sustainable development, UNCTAD compiles, validates and processes a wide range of data collected from national and international sources. Most of the time series cover long periods, with some dating back to 1948, for almost all economies of the world.
PWT is a database with information on relative levels of income, output, inputs and productivity, with country and period coverage depending on the release. On these pages you find access to several releases of this data set, as well as documentation.
A portal presenting a selection of Open Access search tools, examples of Open Access repositories, the latest news on Open Access, and lists the latest Economics articles by topic
List of useful sources of information for individual countries, including country profiles, reports, and studies available from the US government, international and inter-governmental organisations, as well as commercial and multinational firms
The ultimate purpose of all of the Levy Institute's research and activities is to serve the wider policymaking community in the United States and the rest of the world by enabling scholars and leaders in business, labor, and government to work together on problems of common interest.
The goal of this blog is to make economics accessible, through graphs and pictures from economic websites, for anyone who is interested in the latest economic developments around the world.
The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas.
The Institute for New Economic Thinking was created to broaden and accelerate the development of new economic thinking that can lead to solutions for the great challenges of the 21st century
BREAD are unpublished academic papers, on topics that are of interest to development economists, defined loosely as the analysis of the economics of developing countries.
Enterprise Ireland is the government organisation responsible for the development and growth of Irish enterprises in world markets. We work in partnership with Irish enterprises to help them start, grow, innovate and win export sales on global markets
The aims of the new association were described in the initial invitations to potential members as “contributing to the development and application of economics in Ireland, improving communication between economists in Ireland and sponsoring co-operation between the Irish and the international economics community
The Economic History Society exists to support research and teaching in economic and social history, broadly defined. It does this through publications, including the Economic History Review and a range of textbooks and study packs, through conferences and workshops, through the finance of research fellowships and research grants, and through bursaries and prizes for younger scholars.
Provides access to a range of information on over 140 countries including economic forecasts, guides to doing business, labour market reports and information on the tax climate in each jurisdiction
An established reference source, Social Trends draws together social and economic data from a wide range of government departments and other organisations; it paints a broad picture of UK society today, and how it has been changing.
a national data service providing access and support for an extensive range of key economic and social data, both quantitative and qualitative, spanning many disciplines and themes
A multi-disciplinary source providing official statistics produced by countries and compiled by the United Nations data system. The resource also includes estimates and projections. Areas of coverage are: agriculture, employment, education, energy, environment, health, human development, industry, information and communication technology, national accounts, population, refugees, trade and tourism. Indicators such as Millennium Development Goals are also part of the collection.
The most recent World Bank estimates of total population, gross domestic product (GDP), and gross national income (GNI). The tables include a ranking of countries both by total size and in per capita terms
Provides data on 256 socio-economic variables under 17 categories for the 57 Organisation of the Islamic Conference OIC member countries dating back to 1970
An annual report from the World Trade Organisation, with statistical data in PDF and Microsoft Excel formats. This site also provides acces to selected historical time-series data
M. Berger, M. Mamdani, D. Atkins, and M. Johnson. Value in health : the journal of the International Society for Pharmacoeconomics and Outcomes Research, 12 (8):
1044-52(November 2009)5730<m:linebreak></m:linebreak>JID: 100883818; 0 (Prescription Drugs); CIN: Value Health. 2009 Nov;12(8):1042-3. PMID: 19818061; 2009/09/29 aheadofprint; ppublish;<m:linebreak></m:linebreak>CER.