Archive for April, 2011

This is what the US economy has been reduced to: McDonalds Hires 62,000, Turns Away Over 938,000 Applicants For Minimum Wage, Part-Time Jobs

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The Dismal Not-So Science: "The most persistent delusion among economists is the belief that their discipline has no limitations and that, like in science, everything can be reduced, quantified, and calculated. The sooner that this hubris is abandoned, the better."

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TIL that Hitler gave this interview about German economics to a magazine early in his political career.

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Chrysler says it will repay government by August

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Hayek vs Keynes rap: A Critique

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Obama vs Boeing. The Biggest Story You Won’t Read About in 2011

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Independent Women’s Forum purport the female wage gap is a result of personal preferences, rather than wage discrimination

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Actual mathematical economic models?

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I’m extremely interested in understanding the dynamics of economic models, but I’m not sure how those models are described mathematically. Can you help me by posting links to papers or websites which explicitly describe mathematical models used in economics?

I am very fluent in mathematics, so don’t hold back.

The best I can remember of models from Econ101 is that figuring profit is just an integral of some graph which I don’t remember.

Edit: Thanks for the links, articles, textbooks, etc. I think first thing I’ve noticed is to refer to these models as econometric. Thank you, /r/Economics.

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Video: Do People Know How Big 1 Trillion Really Is? –- the Econ4U team sets-up out in front of the White House to capture some live responses [2:15]

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China’s yuan exceeds symbolic 6.50 ratio against USD for first time

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Over the last year GDP has not even grown fast enough to keep the unemployment rate constant.

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Australian home prices in biggest drop in 12 years: 0.2% nationally.

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Why Technology Price Drops Are Not Proof of Deflation

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Unemployment in Germany dropped slightly in April, hovering around the lowest level for about 20 years.

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The U.S. got a sovereign credit rating of C on Thursday, in line with ratings for such smaller economies as Mexico, Estonia and Colombia.

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Fed Officials "Unfazed" by Dollar Slide

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Mapping the US Credit/Housing Bubble

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The Value of Unpaid Work: Which Countries Do the Most and Why

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Tim Duy: Very High Bar for QE3

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Americans synthesized vitamin C but now China controls 100% of this vital food preservative and they just jacked the price 400%

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