Assessing the Japanese Economic Fallout
The recent disasters to befall Japan, to be sure, are tragic, but these losses should not result in more than a small decline in the per capita standard of living of the Japanese people.
Nobel Laureate and professor of economics at the University of Chicago, Gary Becker says Japan, as well as the world economy, can sustain its heartiness despite recent events. "Further economic consequences always follow from major disasters. Production by some businesses has been temporarily reduced since supply chains were disrupted. Since the earthquake hit a depressed and declining region, out migration of young men and women will accelerate, as will the decline of fishing and farming in that region. Construction will increase to replace some of the destroyed homes, businesses, and infrastructure."
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The Canadian professor has an extensive collection posted on his site.
- Peterson's Great Books list features classics by Orwell, Jung, Huxley, and Dostoevsky.
- Categories include literature, neuroscience, religion, and systems analysis.
- Having recently left Patreon for "freedom of speech" reasons, Peterson is taking direct donations through Paypal (and Bitcoin).
Evolution doesn't clean up after itself very well.
- An evolutionary biologist got people swapping ideas about our lingering vestigia.
- Basically, this is the stuff that served some evolutionary purpose at some point, but now is kind of, well, extra.
- Here are the six traits that inaugurated the fun.
Despite incredible economic growth, it is not necessarily an investor's paradise.
- China's stock market is just 27 years old. It's economy has grown 30x over that time.
- Imagine if you had invested early and gotten in on the ground floor.
- Actually, you would have lost money. Here's how that's possible.
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