437 Matching Annotations
  1. Sep 2020
  2. Aug 2020
    1. moving from emissions to concentrations in the context of forecasting long-term economic growth, the likelihood that CO2 concentrations will exceed those assumed in RCP8.5 by 2100 is at least 35%

      This means that the CO2 emissions caused by use of fossile fuels should be understood as a component of all emissions caused by continued economic growth.

    1. Altig, D., Baker, S. R., Barrero, J. M., Bloom, N., Bunn, P., Chen, S., Davis, S. J., Leather, J., Meyer, B. H., Mihaylov, E., Mizen, P., Parker, N. B., Renault, T., Smietanka, P., & Thwaites, G. (2020). Economic Uncertainty Before and During the COVID-19 Pandemic (Working Paper No. 27418; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27418

  3. Jul 2020
  4. Jun 2020
    1. McBride, O., Murphy, J., Shevlin, M., Gibson Miller, J., Hartman, T. K., Hyland, P., Levita, L., Mason, L., Martinez, A. P., McKay, R., Stocks, T. V. A., bennett, kate m, Vallières, F., Karatzias, T., Valiente, C., Vazquez, C., & Bentall, R. (2020). An overview of the context, design and conduct of the first two waves of the COVID-19 Psychological Research Consortium (C19PRC) Study [Preprint]. PsyArXiv. https://doi.org/10.31234/osf.io/z3q5p

    1. Guan, D., Wang, D., Hallegatte, S., Davis, S. J., Huo, J., Li, S., Bai, Y., Lei, T., Xue, Q., Coffman, D., Cheng, D., Chen, P., Liang, X., Xu, B., Lu, X., Wang, S., Hubacek, K., & Gong, P. (2020). Global supply-chain effects of COVID-19 control measures. Nature Human Behaviour, 1–11. https://doi.org/10.1038/s41562-020-0896-8

  5. May 2020
  6. Apr 2020
  7. Feb 2020
    1. Robinson Crusoe’s experiences are a favourite theme with political economists

      Marx refers to the thought experiment, common in economics, which is sometimes called Robinson Crusoe economics.

      Doing "Robinson Crusoe economics" consists in imagining what can be learned, if anything, from a one agent economy that will provide insight into a real world economy with lots of agents.

    2. According to Eschwege, the total produce of the Brazilian diamond mines for the eighty years, ending in 1823, had not realised the price of one-and-a-half years’ average produce of the sugar and coffee plantations of the same country, although the diamonds cost much more labour, and therefore represented more value.

      Diamonds were first discovered in Brazil in 1729 near the city of Belo Horizonte. This started a diamond rush and a period of feverish migration of workers.

      Major diamond rushes also took place in the late 19th and early 20th centuries in South Africa and South-West Africa.

      Diamond rushes, like gold rushes or other types of rushes, are for Marx economic bubbles or asset bubbles (sometimes referred to today as speculative bubbles, market bubbles, price bubbles, financial bubbles, speculative manias, or balloons).

  8. Jan 2020
  9. Dec 2019
    1. should reject the influence of both liberal capitalism and communism, ideas that inspired the revolutionary slogan "Neither East, nor West – Islamic Republic!"

      In a post cold-war world, viewed in increasing binaries of left and right winds be it social liberal - conservative or socialist-capitalist tendancies, it seems incomprehensible as to how one can reject both USA's and Soviet's socio-economic models. I'm curious to know how they organize their economy in this case.

      One part why the western world hates the Islamic revolution might be their lack of understanding about this exact phrase, other than the fact that Iran became a theocracy.

  10. Oct 2019
  11. Mar 2019
    1. And it’s a contributor to the emergence of an integrated social science to understand human decision-making.

      Again, economics is less a "thing". It's merging with other social and policy science.

    2. the basic tenets of economic theory still provide a solid foundation

      What are the basic tenets? If we are challenging all aspects of economic theory (rationality, perfect knowledge, static models, profit-maximization...) then what are the basic tenets that remain unchanged?

      How is economics, with all these diverse faces, different from population health? Both can include all the same forces. It's only that the latter focuses on health as a key outcome.

    3. The pioneer of behavioral economists was Herbert Simon, who developed the notion of bounded rationality, namely that an individual is rational, but that their ability to compute, assess, and decide are limited especially given constraints on time to make a decision.
  12. Nov 2018
    1. “It doesn’t just help make hospitalists work better. It makes nursing better. It makes surgeons better. It makes pharmacy better.”
    2. “This has all been an economic move,” she says. “People sort of forget that, I think. It was discovered by some of the HMOs on the West Coast, and it was really not the HMOs, it was the medical groups that were taking risks—economic risks for their group of patients—that figured out if they sent … primary-care people to the hospital and they assigned them on a rotation of a week at a time, that they can bring down the LOS in the hospital. “That meant more money in their own pockets because the medical group was taking the risk.” Once hospitalists set up practice in a hospital, C-suite administrators quickly saw them gaining patient share and began realizing that they could be partners. “They woke up one day, and just like that, they pay attention to how many cases the orthopedist does,” she says. “[They said], ‘Oh, Dr. Smith did 10 cases last week, he did 10 cases this week, then he did no cases or he did two cases. … They started to come to the hospitalists and say, ‘Look, you’re controlling X% of my patients a day. We’re having a length of stay problem; we’re having an early-discharge problem.’ Whatever it was, they were looking for partners to try to solve these issues.” And when hospitalists grew in number again as the model continued to take hold and blossom as an effective care-delivery method, hospitalists again were turned to as partners. “Once you get to that point, that you’re seeing enough patients and you’re enough of a movement,” Dr. Gorman says, “you get asked to be on the pharmacy committee and this committee, and chairman of the medical staff, and all those sort of things, and those evolve over time.”
  13. Oct 2018
  14. allred720fa18.commons.gc.cuny.edu allred720fa18.commons.gc.cuny.edu
    1. Canton

      Voyage of the Empress of China, 1784. See this site for a detailed history of early US-China trade.

      A passage in Chapter 1 of Moby Dick describes a vigorous trade with the far East: “Posted like silent sentinels all around the town, stand thousands upon thousands of mortal men fixed in ocean reveries … some looking over the bulwarks of ships from China.”

      However, trade between China and the U.S. commenced in 1784, just after the Treaty of Paris was ratified; by 1799, when Benito Cereno is set, it would still have been a relatively young trading relationship, especially considering the lengthy sea voyages required.

      Principal commodities exchanged included the items mentioned by Capt. Delano (silks, sealskins, coin (specie), as well as ginseng tea, porcelain "China ware," lead, and cotton goods.<br> A.D. Edwards, Empress of China at Mart's Jetty, Port Pirie, 1876

      -- Robert Bennet Forbes, Remarks on China and the China Trade. Samuel N. Dickinson, printer, 1844.

  15. Sep 2018
    1. Not only is the notion that OER-sustainability is the responsibility of the end-user pragmatically unnecessary, it also places barriers to adoption that will inhibit rather than encourage future use.

      This is certainly true. It reminds me of the early historical growth of the Catholic church. Paul of Tarses came in and relaxed the dietary restrictions and the need for circumcision which effectively lowered the barrier for entry into the church. One needn't be a Jew to be a follower of Jesus; this helped early growth tremendously.

  16. Aug 2018
    1. Nevertheless, the evidence suggests that social capital and social institutions are significant predictors of economic growth, after controlling for the effects of human capital and initial levels of income (Knack and Keefer 1997), (Knack 2002).4 So trust is a relevant dimension of social interactions that has been connected to individual dyads, network formation, labor markets, and even economic growth.
  17. Jul 2018
  18. Nov 2017
    1. raq remains a destabilising influence to... the flow of oil to international markets from the Middle East. Saddam Hussein has also demonstrated a willingness to threaten to use the oil weapon and to use his own export programme to manipulate oil markets. This would display his personal power, enhance his image as a pan-Arab leader... and pressure others for a lifting of economic sanctions against his regime
    1. Moreover, a large percentage of Germany’s working-age men were dead. At the time, observers thought that West Germany would have to be the biggest client of the U.S. welfare state; yet, twenty years later its economy was envied by most of the world. And less than ten years after the war people already were talking about the German economic miracle.
  19. Apr 2017
    1. The lure of a reindeer herding community was simple: the economic independence of herding, which was inherent in the Nenet community’s cultural practices, would serve as a fascinating study on the interplay between the lifestyle of an indigenous community and the ability for external forces to disrupt that lifestyle.

      The genesis of reindeer herding carries intimate ties to the development and cultural realization of reindeer herding, as well as provide context for its eventual economic utility. The extensive presence of reindeer in Arctic regions serves as an initial observation towards their significance: today, approximately 3 million wild reindeer and 2 million domesticated reindeer exist, many of whom serve as the foundation of various indigenous communities. Over time, the relationship between reindeer and people has resulted in a “social contract” (Vitebsky, 27). The process of a mutually beneficial relationship, where materials are provided to the human and a subsequent dependency on domestication by the reindeer arises, the reindeer-human bond is formed and culturally embraced. This resulted in the emergence of the centrality of practices by herding community around the reindeer, including the ability to ride reindeer for transportation and the utilization of furs and antlers for communal clothing and materials. In today’s environment, these practices serve as the backbone for economic trade and commercialization of reindeer products and delicacies.

      For more information on the history of reindeer herding as a central economic practice, refer to chapter 1 of Reindeer People. For more information on economic development, read

      Piers Vitebsky, Reindeer People: Living with Animals and Spirits in Siberia (London: Harper Collins Publishers, 2005).

  20. Mar 2017
    1. As every good CMCer with an understanding of economics should know, those with terminal illnesses are resource sinks for society. End of life care is incredibly expensive due to the frequency of hospitalizations, the increased need for specialists’ attention, etc. Those with terminal illnesses have even more expensive health care needs. Obviously, those in the final stages of a terminal illness are no longer in any position to contribute economically to society. Their continued existence may be personally meaningful to the those who love them, but from a economic perspective they are all cost and no benefit.

      Obviously based on economic perspective. Compared to opposite statement, it's lack of human right, moral such concept and take a look at the economic benefit directly.

  21. Jan 2017