Will the Elderly Poor Fare Better Under Pensions Means Tests?

I ended my last post suggesting that it is absurd to provide pensions that are not subject to means tests because this involves taxing people of working age more heavily in order to add unnecessarily to the incomes of wealthy retirees. This raised the question of whether the elderly poor are likely to fare . . . → Read More: Will the Elderly Poor Fare Better Under Pensions Means Tests?

Economic Events on September 30, 2010

At 8:30 AM EDT, the U.S. government will release its weekly Jobless Claims report.  The consensus is that there were 459,000 new jobless claims last week, which would would be 6,000 less than last week’s higher than expected number.

Also at 8:30 AM EDT, the final GDP report for the second quarter of 2010 . . . → Read More: Economic Events on September 30, 2010

Religion and Economic Growth

In the course of economic growth theory, the impact of religion on economic growth and GDP per capita has been largely neglected by the mainstream economic theory. Basically, there have been two major conceptual forces behind the demonstration of the effect of religiousness on economic growth. First, traditional theoretical approach to the analysis of . . . → Read More: Religion and Economic Growth

Free Sharelynx Trial

Nick from Sharelynx has opened up his website www.sharelynx.com to all viewers for one week from 27th Sept to 4th Oct. I strongly recommend his site. I’ve listed some of my favourite links below which should give you a sense of the massive amount of information available.

http://www.sharelynx.com/chartstemp/BubbleComparisonsHistory.php http://www.sharelynx.com/gold/CMXAUStockpiles.php http://www.sharelynx.com/gold/cots/ddfcotgc.php http://www.sharelynx.com/gold/TransETFs01.php http://www.sharelynx.com/gold/ratiochartgcsi.php http://www.sharelynx.com/gold/200yearcpiauaggraphic.php http://www.sharelynx.com/gold/CoinPremiums.php . . . → Read More: Free Sharelynx Trial

Economic Events on September 29, 2010

The Mortgage Bankers’ Association purchase index was released at 7:00 AM EDT, and there was a week to week increase of 2.4% in the Purchase Index and a week to week decrease of 1.6% in the Refinance Index as interest rates remain near record lows.

At 10:30 AM EDT, the weekly Energy Information Administration . . . → Read More: Economic Events on September 29, 2010

Looking Back at Late 2008

P. Vaidyanathan Iyer has a great first draft of history, in the new Sunday magazine that goes with the Indian Express, telling the story of what happened in India in late 2008.

This was a difficult period with 6 shocks hitting us in a short time period:

The Lehman failure, The crisis on the . . . → Read More: Looking Back at Late 2008

Economic Events on September 28, 2010

At 7:45 AM EDT, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.

At 8:55 AM EDT, the weekly Redbook report will be released, giving us more information about consumer spending.

At 9:00 AM EDT, the monthly S&P/Case-Shiller home . . . → Read More: Economic Events on September 28, 2010

SEBI order on MCX-SX

One more top quality order by SEBI. Bhave’s SEBI has really set new standards for the quality of orders.

Human Capital, Labor Market and Economic Growth

The OECD recently published the international comparison of the gap in employment rates between university graduates and workers with secondary education or less (link). There is no single exception to the fact that the employment rate is the highest in the group of individuals with college and university degree. Nonetheless, the comparison of the . . . → Read More: Human Capital, Labor Market and Economic Growth

Does Wagner’s Law Make Sense?

Wagner’s law refers to the proposition of Adolph Wagner (1893) that there is a positive relationship between the level of economic development and the size of government. The underlying idea seems to have been that the demand for services provided by government tends to rise strongly as average incomes rise.

I think Wagner’s law . . . → Read More: Does Wagner’s Law Make Sense?