Erik Townsend: The Search For Greener Pastures Overseas
http://www.financialsense.com/financial-sense-newshour/guest...Submitted by PeteD 14 months, 1 week, 1 day, 14 hours ago
An audio interview (MP3, 28mb) with Erik Townsend who talks about moving from the USA to other countries to get a higher standard of living or in SHTF scenarios. Erik has specifically travelled to, lived in and researched different countries for this purpose. Join discussion...
Wikipedia: Olivera–Tanzi effect
http://en.wikipedia.org/wiki/Olivera%E2%80%93Tanzi_effectSubmitted by PeteD 16 months, 1 week, 5 days, 19 hours ago
"an economic situation involving a period of high inflation in a country which results in a decline in the volume of tax collection and a slow deterioration of real tax proceeds being collected by the government of that country." Join discussion...
Wikipedia: Baumol's cost disease
http://en.wikipedia.org/wiki/Baumol's_cost_diseaseSubmitted by PeteD 20 months, 2 weeks, 3 days, 22 hours ago
Baumol's cost disease "involves a rise of salaries in jobs that have experienced no increase of labor productivity in response to rising salaries in other jobs which did experience such labor productivity growth. This goes against the theory in classical economics that wages are always closely tied to labor productivity changes." Join discussion...
Wikipedia: Infant industry argument
http://en.wikipedia.org/wiki/Infant_industry_argumentSubmitted by PeteD 21 months, 1 week, 5 days, 21 hours ago
"The Infant industry argument is an economic rationale for trade protectionism. The core of the argument is that nascent industries often do not have the economies of scale that their older competitors from other countries may have, and thus need to be protected until they can attain similar economies of scale." Join discussion...
Wikipedia: Giffen Good
http://en.wikipedia.org/wiki/Giffen_goodSubmitted by PeteD 21 months, 3 weeks, 2 days, 1 hour ago
"a Giffen good is [an item] which people paradoxically consume more of as the price rises, violating the law of demand." Join discussion...
Wikipedia: Tyranny of small decisions
http://en.wikipedia.org/wiki/Tyranny_of_small_decisionsSubmitted by PeteD 24 months, 1 week, 1 day, 9 hours ago
"A situation where a number of decisions, individually small in size and time perspective, cumulatively result in an outcome which is not optimal or desired. It is a situation where a series of small, individually rational decisions can negatively change the context of subsequent choices, even to the point where desired alternatives are irreversibly destroyed." Join discussion...
Wikipedia: Coincidence of wants
http://en.wikipedia.org/wiki/Coincidence_of_wantsSubmitted by PeteD 25 months, 1 week, 5 days, 14 hours ago
Trade principle regarding the demand for items during barter transactions Join discussion...
Wikipedia: Phillips curve
http://en.wikipedia.org/wiki/Phillips_curveSubmitted by PeteD 25 months, 2 weeks, 3 days, 1 hour ago
"In economics, the Phillips curve is a historical inverse relationship between the rate of unemployment and the rate of inflation in an economy. Stated simply, the lower the unemployment in an economy, the higher the rate of inflation." Join discussion...
The Much Abused Spirit of Contrarianism
http://jessescrossroadscafe.blogspot.com/2011/04/much-abused...Submitted by PeteD 25 months, 2 weeks, 3 days, 2 hours ago
What it is like being a Contrarian Join discussion...
Wikipedia: Hotelling's law
http://en.wikipedia.org/wiki/Hotelling's_lawSubmitted by PeteD 25 months, 2 weeks, 4 days, 2 hours ago
"Hotelling's law is an observation in economics that in many markets it is rational for producers to make their products as similar as possible. This is also referred to as the principle of minimum differentiation as well as Hotelling's "linear city model". " Join discussion...
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