Economics

Paul Summerville • April 15, 2016

What I’m listening to. 

"Coffee Cantata" BWV 211: "Ei! wie schmeckt der Coffee susse"

Changing our world.

Sunday Times Magazine-- From YouTube to Our Tube

It’s pushing to be the planet’s most powerful broadcaster with the launch of its subscription service. CEO Susan Wojcicki tells us why YouTube is no longer just for the kids.

Eggheads.

Paul Summerville • February 14, 2016

What I’m listening to.

Baroque Adagios

Gangsters really.

Independent -- Isis and the Taliban are brutally carving up modern Afghanistan

I have long nursed the suspicion that Taliban units, Isis and government militias are not fighting about religion or government at all, more about mafia power.

Opps.

Paul Summerville • January 31, 2016

 

What I'm listening to.

Mozart -- Concerto for Flute and Harp K.299

The future may not be what it used to be.

Paul Summerville • January 30, 2016

What I’m listening to.

String Quintet No. 5 in D major (K. 593) - Mozart 

Washington Post -- Venezuela is on the brink of a complete economic collapse

The only question now is whether Venezuela's government or economy will ... collapse first.

Paul Summerville • September 20, 2014
Paul Summerville • March 8, 2013

Commentary on getting a good night’s sleep, the sharing economy, get out the sun screen, George’s hard choices, more to globalization than lattes all round, and strangled by language.

Tossing and turning.

New Yorker -- Up All Night
The science of sleeplessness.

 

Goofy – How to Sleep

Regulating sharing.

Paul Summerville • February 16, 2013

Commentary on lots of money and slow growth, the new truth, Elizabeth Warren schools the bank regulators, the baby panic, the problem with self-regulation, and catching a terrorist.

The great 21st century quandary.

Washington Post -- Awash in liquidity, the global economy remains sluggish
There’s plenty of money in the world. That’s the good news.

Paul Summerville • February 6, 2013

Commentary on failing fertility policies, the needle free syringe, urbanisation quickens, Greece slides away from democracy, rising per capital GDP increases happiness, and a change of mind.

Why Germany’s attempt to raise its total fertility rate is failing.

Paul Summerville • January 18, 2013

Commentary on irrational economics, austerity is class warfare, no future, adjusting is hard, what questions does Unchained ask, why DC may still win out over AC, and Paul Martin on Idle No More.

(ed's note -- travelling for a week, Smart Links on holiday until January 27)

 

Silly economists think consumers are rational.

Paul Summerville • January 15, 2013

Commentary on the slow death of the two state solution, the perils of the sunk cost, how do you say smog in Mandarian, weak France, the importance of the sacred, and speaking of sacred hockey's new players in Canada.

Where is this going to lead? Thanks to Ken of Tokyo/Hong Kong.

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Twin Virtues: Inequality of Outcomes & Equality of Opportunity©

Twin Virtues

Ultimately, the most successful societies find the balance between the twin virtues of inequality of outcomes and equality of opportunity.

The new politics must marry the twin virtues of unequal outcomes and equality of opportunity.

When too few get too much everybody loses.

Feminism is about women living their lives on their own terms, marshalling the resources of the society to make that possible, and men embracing this as vital to a successful society and their own liberation.

Can it be that striving for equality of opportunity however imperfect the process not only benefits the individual but also creates benefits for the society that are unintended but wonderful?

Economics must be a 'moral enterprise' as much as politics claims to be. Economic outcomes need to be framed in terms of right and wrong not just efficiency if only because these often align in surprising ways that are good for society and the economy.

My vision of Canada is that any Canadian child from a family of limited circumstance can expect to have a chance at lifetime of unlimited opportunities.

Free trade is a wonderful thing. Time and time again economists have proven that free trade creates enormous wealth for each country 'on the whole'. Historians have shown that free trade is usually associated with rising political, social and cultural liberty. The perennial problem is that free trade always creates tremendous disruption for thousands even millions of individuals often concentrated in one geography, and where the state is idle, not investing in best in class instruments of social justice, free trade can be a permanent ticket out of the middle class, down, not up.

Tax policy should be founded on the principle of generating steady tax revenues sufficient to maximise environmentally sustainable economic growth in order to fund fair government.

Public policy should be designed to decrease inequality before the law and increase equality of opportunity.

Capitalism is not the problem; the problem is what we do with capitalism.

Content is always more difficult to argue than conspiracy.

Let the state regulate and the market operate (most things).

Welfare strategies are best designed as a hand up, not as a hand out.

Political debate should not be fact free fighting.

Explanation lasts longer than eloquence.

Always favour empowerment over dependency.

The most enduring public figures are embraced for the causes they fought for and not the concept of themselves they hoped others would remember them by.

Find your voice and don't be the echo of somebody else.

It is possible to operate on two different levels: the practical, cautious and conservative; and the realm of ideas, open, free, and radical.