by NickieWild Politics often guides the course of technological development. One of the most obvious places that this has occurred, and continues to occur, is the United States’ NASA program. With the US essentially still fighting two wars, the looming health care, Medicare, and Social Security crises, and the general poor state of the economy, … Continue reading »
Tagged with economy …
Comparing the role of government in self-control problems from behavioural and neoclassical economic perspectives
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The G8 protests and the logically inconsistent foundations of neoclassical economics
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What to Wear Today?
by ishein1 Teenagers, especially during the years of economic prosperity, consistently cast their consumer vote at various clothing retail stores. Marketers respond by relentlessly attempting to woo this coveted demographic. Various stores, even ones owned by the same corporation, create varying images in order to create a perspective of “cool”. “Coolness,” they believe, will induce … Continue reading »
Obama and the Spectacle in an Era of Diminishing Consumption
by nathan jurgenson Less Credit/Less Consumption Consumption is down. While this might be a momentary hiccup, it could very well be the case that Western societies will have to “reset” and pull back on consumption levels for a long time to come. Much of the consumption literature has pointed to Western conspicuous and hyper-consumption as … Continue reading »
A “New” Economics 101
by theoryforthemasses In a recent New York Times op-ed, columnist David Brooks questions whether the old, “rational,” Keynesian model of economics is truly useful for trying to understand the current economic crisis. He suggests that while economists have traditionally built elegant economic models of efficient markets based on rational actors, the process of making … Continue reading »
“High Status” Crime That Does Pay
by NickieWild The Bernard Madoff investment scandal has wiped out dozens of individual investors. Many charitable organizations and non-profit groups have been affected by the scam, such as the Innocence Project, Human Rights Watch, and The Center for Constitutional Rights. The JEHT Foundation, dedicated to funding organizations that promote open government and voter registration drives, … Continue reading »
The Rise of the Commuter Marriage
by theoryforthemasses The nuclear family is often understood in terms of propinquity, or the physical nearness of parents and their children to one another. While it is typical for extended families to live apart from one another, we generally assume that married couples and their children live together. In coping with a challenging economy, however, … Continue reading »
Whose economic crisis?
nmccoy1 The media, the government, and the stock market are reporting and reflecting on the economic crisis that seems to worsening by the minute. People are out of work, jobs are not paying enough, savings are disappearing and Congress must act now (see article below) to protect the millions affected. But none of this is … Continue reading »
Millennial Spending
by theoryforthemasses Given the vast changes that have occurred in the American economy in recent months, many families are left wondering about their financial security. Not excepted from these concerns are middle class teenagers, who are wondering whether or not their family’s economic problems are going to affect their ability to maintain their lifestyles. Many … Continue reading »