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Themes are the seven broad umbrellas under which we organize the hundreds of big ideas that populate Big Think. They include New World Order, Earth and Beyond, 21st Century Living, Going Mental, Extreme Biology, Power and Influence, and Inventing the Future.

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Econ201 Posts

From Big Think Chief Economist Daniel Altman: the economic knowledge you need to navigate a volatile world.

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Econ201

Hybrid Cars are a Better Deal Than You Think

Green%20car
about 1 year ago

Last week Nick Bunkley wrote an article for The New York Times called "Payoff for Efficient Cars Takes Years".  His main contention was that "the added cost of the fuel-efficient technologies is so high that it would take the average driver many years — in some cases more than a decade — to save ...

Econ201

For Dictators, Neither Carrots nor Sticks

Dictator
over 1 year ago

Can economic relationships affect a dictator?  Seven years ago, I wrote an article from Damascus about how the European Union was trying to cultivate economic ties with Syria, a country that the United States had labeled a state sponsor of terrorism. Today, those efforts seem to have been futile ...

Econ201

E.T.'s Guide to the Global Economy

Global
over 1 year ago

Attention, extraterrestrials studying political economy and writing about humans on Earth for your doctoral dissertations: you could do a lot worse than starting your research by reading Alan Beattie's new book, "Who's in Charge Here?" If you thought that the North-South politics of the United ...

Econ201

Your Choice: Work Longer or Die Younger

Livework
over 1 year ago

How about this for an argument to raise the retirement age: If you don't keep working, your community could die off.  That's the threat posed by an intersection of biology and economics which could finally make some famous two-hundred-year-old predictions come true.  As the world's population grows ...

Econ201

Why You Still Can't Trust Rating Agencies

Sad_strange_happy
over 1 year ago

Credit-rating agencies were among the bogeymen of the global financial crisis, and for good reason. Moody's, Standard and Poor's, Fitch, and others failed to appraise the real risks of billions of dollars in securities that eventually went bad.  Now, they're trying to act responsible by jumping on ...

Econ201

Showdown in Iowa: Why Markets Beat Models

Iowa
over 1 year ago

An interesting thing happened yesterday in American politics.  Mitt Romney, a former governor of Massachusetts, beat Rick Santorum, a former senator from Pennsylvania, by just eight votes in the Iowa caucuses.  But the really interesting thing was how the people who tried to forecast the result ...

Econ201

The One Economic Policy America Truly Needs

Meritocracy
over 1 year ago

Americans are unhappy with inequality.  Americans are unhappy with campaign financing. Americans are unhappy with differences in pay and unemployment.  And more than anything, Americans are unhappy that the American dream - going from rags to riches - seems to be fading away. Actually, Americans ...

Econ201

A Little Thing Called General Equilibrium

Equilibrium
over 1 year ago

Economic growth is a tough thing to control if the tools you’re using only deal with one part of the economy.  The problem is that when you push on one end of an economy, you might be pulling on the other, and vice versa.  It’s a lesson that people who work in international development are finally ...

Econ201

Getting Too Tough on China?

China_yuan
over 1 year ago

In recent weeks members of Congress have again moved to punish China for keeping its currency at a low value relative to the dollar.  It’s fashionable and easy to blame vast, mysterious, authoritarian China for our economic problems.  It’s also not quite fair.  In fact, China’s currency policy ...

Econ201

The Euro Zone: It’s All Greek to Me

Eu
over 1 year ago

What’s the Big Idea? How many drachmas do you want to bet that Europe’s not out of the woods yet? Faced with the prospect of a Greek default with dire repercussions for European markets, EU leaders Merkel and Sarkozy scrambled in October to craft a complex rescue package. Then at the 11th hour ...

Econ201

Why A Greek “No” May Be No Bad Thing

Greece_protest
over 1 year ago

Markets shuddered when George Papandreou, Greece’s prime minister, said he would call a referendum on the latest bailout package being offered by Europe’s economic powers.  What scared the markets most was apparently the possibility that the Greeks would choose according to their own interests ...

Econ201

A 21st Century Growth Story With a Happy Ending

Growth-plant
over 1 year ago

While countries in North America and Europe suffer through a downturn that has people questioning the very foundations of their economies, something far more positive is happening in South America.  Countries that swung for decades between left-wing populism and right-wing authoritarianism have ...

Econ201

How Bush Sent the Protesters to Wall Street

Tax
over 1 year ago

Though the Bush administration never admitted it, its tax cuts would almost certainly push the incomes of rich and poor further apart.  As incomes became more widely dispersed, the gap in wealth between rich and poor would quickly grow as well.  Even to a non-economist, the reason was easy to see ...

Econ201

Bernanke's Dilemma

Bern
over 1 year ago

  When a country’s politicians can’t get their economic policies right, what’s a central banker to do?  Though central banks are supposed to control inflation, that’s not always their only job.  The Federal Reserve Act, for example, gives America’s central bank a mandate of “maximum employment ...