334
showing only delicious [see all]
Plutocracy, Paralysis, Perplexity - NYTimes.com
No, the real structural problem is in our political system, which has been warped and paralyzed by the power of a small, wealthy minority. And the key to economic recovery lies in finding a way to get past that minority’s malign influence.
partrisan_politics  inequality  paul_krugman  from delicious
22 days ago
We need a fox to see the snares and a lion to scare the wolves - FT.com
Effective governance requires the multiplicity of talents found only in teams. Teams should not be confused with committees – groups make better decisions when the members are dissimilar than when they have a common background.

The rise of democracy and the rule of law undermined the majesty of the king but there has been a recent revival: not only in politics, but particularly in business, where the cult of the heroic chief executives has gained wide acceptance especially among chief executives.

But the abilities of such figures typically fall far short of those required to exercise all the functions relevant to good decisions. Worse, maintaining that self confidence requires that you surround yourself, not by trusted advisers with a variety of technical skills, but by courtiers who will defer to your exceptional wisdom. You thus shut yourself off from the range of analysis and information which effective decision making requires.
John_Kay  berlusconi  from delicious
november 2011
« earlier      
academic_economics Adam_Smith Alan_Blinder alan_krueger alberta Amartya_Sen analogy andrew_jackson Andrew_Oswald angus_deaton anti-textbook arbitrage arithmetic asian_crisis asset_bubbles Australian_treasury auto_industry bad_loans_problem balance_sheet Bank_of_Canada Bank_of_England Bank_of_Japan bankers'_pay banking_vs_finance banks barney_frank barrie_mckenna Barry_Eichengreen BBC behavioural_economics ben_bernanke blanchard bob_hebert bob_zoellick bond_rating_agencies books Brad_Delong bubble budget_restraint burke calibration canada canadian_economy Canadian_housing cap-and-trade capital_controls capitalism carbon_tax cbc central_bank_independence central_banking chained_CPI Chicago_school chinese_economy Christina_Romer climate_change cmhc CNBC commodity_prices common_shares comparative_advantage competition consumer_credit consumer_finance consumer_financial_protection_agency copyright corporate_tax_cuts cost-benefit_principle CPI credit_cards current_account_balance Dani_Rodrik daniel_coyle David_Broder David_brooks david_leonhardt David_Pilling david_pogue dean_baker debt_burden debt_deflation debt_downgrade defense_of_taxes deficits deflation deliberate_practice difference_in_difference diminishing_marginal_utility dollar dollar_depreciation Dudley ECB econometrics economic_arithmetic economic_growth economic_models Economist edmund_burke education edward_leamer efficient_markets_hypothesis effort_or_luck elasticity elizabeth_warren employment_multiplier energy_policy Engel_Frankel_method environment equalization Erin_Weir estate_tax euro_crisis Europe eurozone exchange_rate executive_compensation exercise Ezra_Klein fallacy_of_composition false_indicators falsificationism Federal_Reserve financial_crisis financial_innovation financial_regulation financial_times finn_poschmann fiscal_austerity fiscal_policy fiscal_stimulus flu_shots for-profit_colleges forecast forecasting foreign_aid forex_reserves france freakonomics FRED free_market free_trade freshwater_macroeconomics fyi G20_agenda gated_community GDI gdp Geithner_Plan George_Akerlof Globe_and_Mail gold_standard gordon_brown graphs Great_Depression greg_mankiw GTD Hal_Varian happiness hayek health_care health_tips home_ownership homelessness household_debt household_mortgage_debt housing_bubble housing_prices hyperinflation identity_economics IMF immigration incentives income-expenditure_multipliers income_distribution income_elasticity income_tax_progressivity inequality inferior_goods inflation inflation_targeting instrumental_variables interest_rates introductory_economics Ireland Irish_economy irrationality ISLM_Brad_Delong jacob_hacker James_galbraith james_hamilton james_kwak James_Surowiecki Japan_China Japan_Times japan_u.s._parallel Japanese_banks Japanese_culture japanese_economy Japanese_government_debt Japanese_imperialism Jeffrey_Frankel Jeffrey_Sachs JIm_Stanford job_creation John_Cassidy John_Kay John_Maynard_Keynes john_quiggin John_Taylor Jon_Stewart Joseph_stiglitz justin_fox kash_mansori Ken_Rogoff kevin_drum kevin_page Krugman labour_market Lane_Kenworthy large_numbers Larry_Summers Lawrence_Summers learning lehman_failure liaoning Linda_McQuaig liquidity_trap looting lost-decade lost_decade macroprudential_policy managerial_power marginal_income_tax_rates Mark_Carney Mark_Kleiman mark_milke mark_thoma mark_weisbrot Mark_Zandi Martin_Feldstein Martin_Wolf Masaaki_Shirakawa memory Menzie_Chinn michael_babad Michael_Moore middle_class milton_friedman minimum_wage mmt Modern_monetary_theory monetarism monetary_base monetary_policy monetization money_supply monopsony Moodys mortgage_rules mortgages multitasking Nancy_Folbre neil_irwin Neil_Reynolds New_York_fed New_York_Times New_Yorker nicholas_kristof nick_rowe normative_economics numeracy obama obesity oil_market oil_prices opinion_poll pandemic_preparedness paradox_of_thrift parliamentary_budget_office Paul Paul_Kedrosky paul_krugman Paul_Krugman_ISLM People's_Bank_of_China personal_finance personal_productivity Peter_Dorman pharmaceutical_drugs postwar_system poverty Powerpoint ppp prediction_failure preferred_shares privatization productivity provincial_tax_rates psychology public_schools public_services quantitative_easing quotation rare_earths rating_agencies rationality recipes refuted_economic_doctrines reminbi renminbi reserve_currency rethinking_macroeconomics Richard_Koo richard_posner richard_thaler Robert_Frank Robert_Reich Robert_Shiller Robin_Wells saving_glut seedy_howe Sendai_earthquake SImon_Johnson simple_proposal social_democracy social_democratization social_security state_of_economics statistics Stephen_Dubner stephen_gordon Stephen_Harper Steven_Levitt stimulus_package stock_market structural_unemployment subprime_mortgages Sudbury_economy Swan_diagram swine_flu switzerland symbolic_self-completion Takeo_Hoshi talent_code tax_cuts tax_evasion tax_havens tax_progressivity teaching technological_progress technology terms_of_trade texas textbook the_atlantic The_Economist Thomas_Palley Thomas_Sargent tim_harford time_commitment Tom_Walkom Toronto_star tracking_economy trade_theory trickle_down tyler_cowen type_I_error unconvential_monetary_policy unemployment unemployment_insurance unions united_states_economy Uwe_Reinhardt vale volcano_monitoring washington_post wealth_effect willem_buiter wireless_spectrum_auction wisconsin worktime_reduction wsj yen_appreciation yglesias youtube yuan yuan_appreciation zero_bound Zimbabwe ZIRP zvi_bodie

Copy this bookmark:



description:


tags: