mwfogleman + economics 118
Why Black Market Entrepreneurs Matter to the World Economy | Wired Magazine | Wired.com
17 days ago by mwfogleman
Robert Neuwirth: There’s a French word for someone who’s self-reliant or ingenious: débrouillard. This got sort of mutated in the postcolonial areas of Africa and the Caribbean to refer to the street economy, which is called l’économie de la débrouillardise—the self-reliance economy, or the DIY economy, if you will. I decided to use this term myself—shortening it to System D—because it’s a less pejorative way of referring to what has traditionally been called the informal economy or black market or even underground economy. I’m basically using the term to refer to all the economic activity that flies under the radar of government. So, unregistered, unregulated, untaxed, but not outright criminal—I don’t include gun-running, drugs, human trafficking, or things like that.
Wired: Certainly the people who make their living from illegal street stalls don’t see themselves as criminals.
Neuwirth: Not at all. They see themselves as supporting their family, hiring people, and putting their relatives through school—all without any help from the government or aid networks.
Wired: Why should we care?
Neuwirth: Half the workers of the world are part of System D. By 2020, that will be up to two-thirds. So, we’re talking about the majority of the people on the planet. In simple pragmatic terms, we’ve got to care about that.
commentary
economics
economy
taxation
china
america
Wired: Certainly the people who make their living from illegal street stalls don’t see themselves as criminals.
Neuwirth: Not at all. They see themselves as supporting their family, hiring people, and putting their relatives through school—all without any help from the government or aid networks.
Wired: Why should we care?
Neuwirth: Half the workers of the world are part of System D. By 2020, that will be up to two-thirds. So, we’re talking about the majority of the people on the planet. In simple pragmatic terms, we’ve got to care about that.
17 days ago by mwfogleman
James Wilson Obituary: The Obituary and Death Notice of James Wilson | Legacy.com
11 weeks ago by mwfogleman
The ideas in his 1982 "Broken Windows" article in The Atlantic influenced successful community policing efforts in cities including New York and Los Angeles. Last month, Detroit announced it was beginning its own initiative.
"He's just clearly one of the foremost social scientists of the second half of the 20th century," Skerry said. "He was a very on-the-ground kind of scholar and brought a great insight and common sense to things."
Wilson and co-author George L. Kelling argued in The Atlantic article that communities must address minor crimes and their effects, such as broken windows, to prevent larger problems from developing.
"I think Jim and I caught a wind," Kelling said in an interview Friday. "Up until that time in policing, nothing seemed to work. ... By the late '70s, policing was kind of looking for a new approach and community policing was kind of on the horizon, although not yet being really articulated."
Kelling said the article instantly resonated with law enforcement and also caught the general public's attention because the "broken windows" metaphor was so effective.
"That was pure Wilson," said Kelling, now a fellow at the Manhattan Institute for Policy Research. "The thing about a metaphor is it takes a complex thing and simplifies it and makes it readily graspable."
metaphor
writing
crime
economics
"He's just clearly one of the foremost social scientists of the second half of the 20th century," Skerry said. "He was a very on-the-ground kind of scholar and brought a great insight and common sense to things."
Wilson and co-author George L. Kelling argued in The Atlantic article that communities must address minor crimes and their effects, such as broken windows, to prevent larger problems from developing.
"I think Jim and I caught a wind," Kelling said in an interview Friday. "Up until that time in policing, nothing seemed to work. ... By the late '70s, policing was kind of looking for a new approach and community policing was kind of on the horizon, although not yet being really articulated."
Kelling said the article instantly resonated with law enforcement and also caught the general public's attention because the "broken windows" metaphor was so effective.
"That was pure Wilson," said Kelling, now a fellow at the Manhattan Institute for Policy Research. "The thing about a metaphor is it takes a complex thing and simplifies it and makes it readily graspable."
11 weeks ago by mwfogleman
Brian Basham: Beware corporate psychopaths – they are still occupying positions of power - Business Comment - Business - The Independent
january 2012 by mwfogleman
"At one major investment bank for which I worked, we used psychometric testing to recruit social psychopaths because their characteristics exactly suited them to senior corporate finance roles."
banking
capitalism
corruption
economics
january 2012 by mwfogleman
Hayek, The Use of Knowledge in Society | Library of Economics and Liberty
december 2011 by mwfogleman
Wales cites Austrian School economist Friedrich von Hayek's essay "The Use of Knowledge in Society", which he read as an undergraduate,[16] as "central" to his thinking about "how to manage the Wikipedia project".[11]
economics
essay
information
knowledge
wikipedia
december 2011 by mwfogleman
On the Street and On Facebook: The Homeless Stay Wired - WSJ.com
homelessness sf wireless homeless poverty wsj socialnetworks newmedia activism socialmedia twitter america economics technology internet culture facebook laptop lifestyle digitaldivide wired society economy 2009 article blog interesting life
june 2009 by mwfogleman
homelessness sf wireless homeless poverty wsj socialnetworks newmedia activism socialmedia twitter america economics technology internet culture facebook laptop lifestyle digitaldivide wired society economy 2009 article blog interesting life
june 2009 by mwfogleman
Juan Enriquez shares mindboggling science | Video on TED.com
video economics mind robot talks towatch juanenriquez evolution ted education videos technology 2009 robotics biotech cells genomics robots interesting economy science finance talk biology presentation genetics future learning
may 2009 by mwfogleman
video economics mind robot talks towatch juanenriquez evolution ted education videos technology 2009 robotics biotech cells genomics robots interesting economy science finance talk biology presentation genetics future learning
may 2009 by mwfogleman
Crowdsourcing - Wikipedia, the free encyclopedia
internet opensource business web web2.0 programming development economics articles social research communication wikipedia community wiki society online networking collaboration innovation journalism marketing socialnetworking network crowdsourcing outsourcing 2.0
may 2009 by mwfogleman
internet opensource business web web2.0 programming development economics articles social research communication wikipedia community wiki society online networking collaboration innovation journalism marketing socialnetworking network crowdsourcing outsourcing 2.0
may 2009 by mwfogleman
The Real Pirate Bay - Umair Haque - HarvardBusiness.org
april 2009 by mwfogleman
Set up a torrent tracker, get fined, go to jail.
Join a bank, destroy the economy, profit.
Let's draw out the distinction.
The Pirate Bay guys were criminally prosecuted for....violating (largely obsolete) copyright. Almost no one in finance has been held even civilly liable for vastly more economically damaging actions.
On the one hand, we have damages worth maybe (maybe) a few million. On the other, a few trillion.
On the one hand, innovation and better music is stifled - benefits are foregone. On the other, reform of a broken banking system is stifled - losses are incurred.
That's everything that's wrong with the economy in two sentences: the ongoing inability of today's leaders to deal with 21st century economics.
politics
comparison
distribution
internet
media
justice
economics
hypocrisy
economy
piratebay
bittorrent
finance
failure
financialcrisis
download
copyright
innovation
crisis
crime
legal
piracy
power
Join a bank, destroy the economy, profit.
Let's draw out the distinction.
The Pirate Bay guys were criminally prosecuted for....violating (largely obsolete) copyright. Almost no one in finance has been held even civilly liable for vastly more economically damaging actions.
On the one hand, we have damages worth maybe (maybe) a few million. On the other, a few trillion.
On the one hand, innovation and better music is stifled - benefits are foregone. On the other, reform of a broken banking system is stifled - losses are incurred.
That's everything that's wrong with the economy in two sentences: the ongoing inability of today's leaders to deal with 21st century economics.
april 2009 by mwfogleman
Overcoming Bias: On Liberty vs. Efficiency
april 2009 by mwfogleman
The topic, as I see it, is the relative value/importance for economists of pushing "liberty," i.e., a policy of minimal government interference, and "efficiency," a standard policy evaluation metric that attempts to neutrally weigh policy consequences for different people.
I will choose in order to get what I want. But in my role as economic adviser, a role I admire and embrace, I will try to fairly and consistently suggest the most efficient deals, as the availability of such advisers offers a great opportunity for everyone to get more of what they want.
I accept that such deals may not always contain the most liberty possible, because while people do usually want liberty, all else equal, they often want other things that conflict with liberty. In my role as a neutral adviser, it is not my place to tell people they should want something other than they do want; my job is just to get them more of what they want.
economics
debate
argument
bias
truth
prediction
influence
I will choose in order to get what I want. But in my role as economic adviser, a role I admire and embrace, I will try to fairly and consistently suggest the most efficient deals, as the availability of such advisers offers a great opportunity for everyone to get more of what they want.
I accept that such deals may not always contain the most liberty possible, because while people do usually want liberty, all else equal, they often want other things that conflict with liberty. In my role as a neutral adviser, it is not my place to tell people they should want something other than they do want; my job is just to get them more of what they want.
april 2009 by mwfogleman
The high costs of running YouTube. - By Farhad Manjoo - Slate Magazine
april 2009 by mwfogleman
It's possible that over the next few years, Google's engineers could find a way to reduce dramatically the costs of hosting such a service. (They're capable of amazing things.) But that proposition is iffy. As Wayne argues, there's a very real possibility that YouTube as we know it is doomed. The company may have to institute restrictions to keep its bandwidth in check, or it could unveil any number of pay-per-use schemes (as some other video sites have done). Then the video free-for-all that we've grown to love will come to an end.
That would be unfortunate. Time wasn't wrong: YouTube and its fellow user-contributed sites really did change the world. Too bad nobody could find a way to pay for it.
video
web2.0
advertising
content
bandwidth
entertainment
slate
businessmodel
bandwith
cost
socialmedia
digital
entrepreneurship
youtube
facebook
economy
business
article
internet
economics
media
google
technology
news
web
That would be unfortunate. Time wasn't wrong: YouTube and its fellow user-contributed sites really did change the world. Too bad nobody could find a way to pay for it.
april 2009 by mwfogleman
SourceWatch - SourceWatch
april 2009 by mwfogleman
Welcome to SourceWatch—your guide to the names behind the news. SourceWatch is a collaborative project of the Center for Media and Democracy to produce a directory of the people, organizations and issues shaping the public agenda. A primary purpose of SourceWatch is documenting the PR and propaganda activities of public relations firms and public relations professionals engaged in managing and manipulating public perception, opinion and policy. SourceWatch also includes profiles on think tanks, industry-funded organizations and industry-friendly experts that work to influence public opinion and public policy on behalf of corporations, governments and special interests. Over time, SourceWatch has broadened to include others involved in public debates including media outlets, journalists, government agencies, activists and nongovernmental organizations. Unlike some other wikis, SourceWatch has a policy of strict referencing, and is overseen by a paid editor.
politics
reference
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blog
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wiki
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research
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media
government
journalism
propaganda
watchdog
sourcewatch
progressive
democracy
information
blogs
policy
resources
analysis
alternative
search
database
pr
april 2009 by mwfogleman
BBC NEWS | UK | Attenborough warns on population
april 2009 by mwfogleman
The broadcaster Sir David Attenborough has become a patron of a group seeking to cut the growth in human population.
BBC environment analyst Roger Harrabin said population was a fraught area of debate, with libertarians and some religious groups vehemently opposing measures by governments to influence individual fertility.
In turn, the Trust accuses policy makers and environmentalists of conspiring in a "silent lie" that human numbers can grow forever with no ill-effects.
science
economics
atheism
environment
nature
bbc
BBC environment analyst Roger Harrabin said population was a fraught area of debate, with libertarians and some religious groups vehemently opposing measures by governments to influence individual fertility.
In turn, the Trust accuses policy makers and environmentalists of conspiring in a "silent lie" that human numbers can grow forever with no ill-effects.
april 2009 by mwfogleman
Are Bicyclists Free Riders? - Freakonomics Blog - NYTimes.com
april 2009 by mwfogleman
Do bicyclists contribute their fair share to the transportation network? An Oregon lawmaker thinks not, and has proposed a law requiring cyclists to pay a $54 registration fee every two years. A Portland bike blog interviewed the lawmaker in question, who explained the proposal this way: “[B]ikes have used the roads in this state forever and have never contributed a penny. The only people that pay into the system are those people who buy motor vehicle licenses and registration fees.” Considering the enormous benefits of investments in bicycle infrastructure, can even a tax-hating bicyclist concede his point, at a registration cost of just over 7 cents a day?
biking
freakonomics
interesting
economics
transportation
taxation
taxes
april 2009 by mwfogleman
Typing Errors: The standard typewriter keyboard is Exhibit A in the hottest new case against markets. But the evidence has been cooked. - Reason Magazine
technology computing theory science interesting keyboard study design dvorak history article standards network economics computer critique reason typing usability tech myth qwerty hardware interface
march 2009 by mwfogleman
technology computing theory science interesting keyboard study design dvorak history article standards network economics computer critique reason typing usability tech myth qwerty hardware interface
march 2009 by mwfogleman
Scenes from the recession - The Big Picture - Boston.com
bigpicture employment economic boston.com photojournalism depression boston recession photo crisis images pictures world photos journalism photography 2009 finance economy culture design business history blog news usa economics
march 2009 by mwfogleman
bigpicture employment economic boston.com photojournalism depression boston recession photo crisis images pictures world photos journalism photography 2009 finance economy culture design business history blog news usa economics
march 2009 by mwfogleman
Open Source Hardware Hackers Start P2P Bank | Gadget Lab from Wired.com
technology opensource culture article economics articles hardware wired finance hacks economy community money collaboration innovation lending arduino bank open-source openhardware startup p2p banking open banks
march 2009 by mwfogleman
technology opensource culture article economics articles hardware wired finance hacks economy community money collaboration innovation lending arduino bank open-source openhardware startup p2p banking open banks
march 2009 by mwfogleman
Bad News for Newspapers - Interactive Graphic - NYTimes.com
education design advertising map infographic circulation nyt bankruptcy infografía datavisualization visualization graphics business news usa crisis newspapers future economics publishing media multimedia economy maps nytimes information graphic newspaper journalism infographics
march 2009 by mwfogleman
education design advertising map infographic circulation nyt bankruptcy infografía datavisualization visualization graphics business news usa crisis newspapers future economics publishing media multimedia economy maps nytimes information graphic newspaper journalism infographics
march 2009 by mwfogleman
The way Americans pay for college is a mess. Here's how to fix it. - By Eliot Spitzer - Slate Magazine
march 2009 by mwfogleman
Promoting these "smart loans" as a way of making higher education universally available is worth the attention of the Obama administration and Congress.
politics
education
interesting
college
economics
finance
policy
friedman
slate
loans
spitzer
march 2009 by mwfogleman
Overcoming Bias: RAND Health Insurance Experiment
january 2009 by mwfogleman
So unless the marginal value of medicine has changed in the last thirty years, if you would not pay for medicine out of your own pocket, then don't bother to go when others offer to pay; on average such medicine is as likely to hurt as to help.
health
economics
statistics
medicine
overcomingbias
bias
healthcare
january 2009 by mwfogleman
John T. Reed's analysis of Robert T. Kiyosaki's book Rich Dad, Poor Dad
reference richdad kiyosaki realestate education books business interesting economics money reading finance articles book review entrepreneur analysis financial critique investing dad fraud reviews John wealth
december 2008 by mwfogleman
reference richdad kiyosaki realestate education books business interesting economics money reading finance articles book review entrepreneur analysis financial critique investing dad fraud reviews John wealth
december 2008 by mwfogleman
Hedge Fund Manager: Goodbye ... And Think Pot - General * US * News * Story - CNBC.com
politics funny humor philosophy 2008 business government interesting economics money economy finance drugs awesome marijuana energy crisis financial hedgefund subprime rant pot hedge fund
december 2008 by mwfogleman
politics funny humor philosophy 2008 business government interesting economics money economy finance drugs awesome marijuana energy crisis financial hedgefund subprime rant pot hedge fund
december 2008 by mwfogleman
Op-Ed Columnist - Time to Reboot America - NYTimes.com
december 2008 by mwfogleman
Generally, I’d like to see fewer government dollars shoveled out and more creative tax incentives to stimulate the private sector to catalyze new industries and new markets. If we allow this money to be spent on pork, it will be the end of us. America still has the right stuff to thrive. We still have the most creative, diverse, innovative culture and open society — in a world where the ability to imagine and generate new ideas with speed and to implement them through global collaboration is the most important competitive advantage. China may have great airports, but last week it went back to censoring The New York Times and other Western news sites. Censorship restricts your people’s imaginations. That’s really, really dumb. And that’s why for all our missteps, the 21st century is still up for grabs. John Kennedy led us on a journey to discover the moon. Obama needs to lead us on a journey to rediscover, rebuild and reinvent our own backyard.
politics
friedman
education
technology
usa
america
economics
economy
finance
ideas
recession
trends
us
favorites
depression
december 2008 by mwfogleman
Depression: How You Label Determines How You Feel
december 2008 by mwfogleman
In their fascinating study “Would you be happier if you were richer?”, published in Science, Princeton professors Alan Krueger and Daniel Kahneman, winner of the 2002 Nobel Prize for his work in behavioral economics, found that perhaps the best indicator of happiness was frequency of eating with friends and family.
psychology
science
economics
health
communication
timferriss
depression
thought
suicide
friends
personal
food
happiness
mind
brain
gratitude
december 2008 by mwfogleman
Dirty Secret Of The Bailout: Thirty-Two Words That None Dare Utter
september 2008 by mwfogleman
Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency
huffpo
bailout
paulson
business
politics
crisis
recession
crime
fascism
republicans
election
america
usa
money
bush
economics
finance
corruption
democracy
september 2008 by mwfogleman
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