Category Archives: Economics and the like

The Myth of Social Security's Bankrupcy: Blame Clinton, Too

Kevin Drum writes: Out of all the possible problems to address in America, Social Security is probably not even in the top ten. It’s solvent for at least the next 40 years, and possibly the next 50, even if we … Continue reading

Posted in Economics and the like | 14 Comments

How third world debt hurts women

An “Alas” reader – I apologize, but I don’t remember which one – pointed out this excellent British article on how the third world debt crisis harms women. Here, for instance, is a discussion of what happens with the World … Continue reading

Posted in Economics and the like | 9 Comments

Hotel Cleaners Working Conditions

Interesting Washington Post article about the working conditions of hotel cleaners in D.C.; management has been gradually getting them to do more and more work while the pay has only increased enough to keep up with cost of living. A … Continue reading

Posted in Economics and the like | 1 Comment

"a tin of diced carrots was worth practically nothing": Economics of a POW Camp

A fascinating article from 1945: An economist who was a P.O.W. during WW2 describes the POW Camp economy which developed. We reached a transit camp in Italy about a fortnight after capture and received ¼ of a Red Cross food … Continue reading

Posted in Economics and the like | 4 Comments

Why should we restore fiscal sanity to Washington?

Over at The American Prospect, a centrist democrat and a liberal (Will Marshall and Robert Kuttner) are proposing economic strategy for the Democrats, under the slogan “If these two can agree on a progressive strategy, so can you!” I actually … Continue reading

Posted in Economics and the like | 20 Comments

The Taxpaying Prisoner's Dilemma

The Fifty Minute Hour approvingly quotes from this New York Post columnist: On the issue of affluent Americans paying more income taxes, John Kerry is, as always, consistent in his inconsistency. On the campaign trail, he’s in favor of raising … Continue reading

Posted in Economics and the like | 12 Comments

Kerrynomics: Republican Economics circa 1999

Once upon a time, I would have called Kerry’s economic proposals “Republican.” That was before Bush was elected and Republican economics slid from noxious to not sane. So his policies are more like “Republican Retro 1999,” at least if this … Continue reading

Posted in Economics and the like, Elections and politics | 37 Comments

Brad Delong reports from the Ivory Tower

This post by economist Brad DeLong is worth reading for a couple of reasons. First, because he quotes a skeptical American Prospect article about outsourcing at length. So go over and read that bit. Second, because of the extraordinary weakness … Continue reading

Posted in Economics and the like | 2 Comments

James K. Galbraith on the miracle of globalization

Finally, it is not true that the remedy to the problems of globalization is “more globalization.” We often hear, for instance, that cutting trade barriers to farm goods from the Third World is the big solution to many development problems. … Continue reading

Posted in Economics and the like | 1 Comment

Being a leftist is about rewarding merit

Tommaso at CalJunket articulates something I’ve often thought: Liberalism is based on the idea that merit should be the prime reason for advancement in a society, not luck. Unlike conservobots, who assume that government intervention is the only source of … Continue reading

Posted in Affirmative Action, Class, poverty, labor, & related issues, Economics and the like, Race, racism and related issues | 16 Comments