extreme-economics.blogspot.com

extreme economics

Thursday, December 28, 2017. We are losing our trades - the true personal and family assets. 1 Craftsmanship lost, tradesmen get extinct http:/ en.wikipedia.org/wiki/Tradesman. Engineer Robot vs Mass Consumer" NOT EQUAL to "Craftsman vs Craftsman" (Peasant etc.). Add "circular flow diagram" here: household=firm in old times, now households (receiving transfers, wages) vs. Now, as no revenue is generated). Knowledge is artificial, rarely practiceable, only in mass production - limiting "craft" to the rese...

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Thursday, December 28, 2017. We are losing our trades - the true personal and family assets. 1 Craftsmanship lost, tradesmen get extinct http:/ en.wikipedia.org/wiki/Tradesman. Engineer Robot vs Mass Consumer NOT EQUAL to Craftsman vs Craftsman (Peasant etc.). Add circular flow diagram here: household=firm in old times, now households (receiving transfers, wages) vs. Now, as no revenue is generated). Knowledge is artificial, rarely practiceable, only in mass production - limiting craft to the rese...

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9 dewikipedia.org/wiki/bedingungsloses gr

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extreme economics | extreme-economics.blogspot.com Reviews

https://extreme-economics.blogspot.com

Thursday, December 28, 2017. We are losing our trades - the true personal and family assets. 1 Craftsmanship lost, tradesmen get extinct http:/ en.wikipedia.org/wiki/Tradesman. Engineer Robot vs Mass Consumer" NOT EQUAL to "Craftsman vs Craftsman" (Peasant etc.). Add "circular flow diagram" here: household=firm in old times, now households (receiving transfers, wages) vs. Now, as no revenue is generated). Knowledge is artificial, rarely practiceable, only in mass production - limiting "craft" to the rese...

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extreme-economics.blogspot.com

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extreme economics: To Wish means to Prosper

http://extreme-economics.blogspot.com/2010/12/to-wish-means-to-prosper.html

Saturday, December 25, 2010. To Wish means to Prosper. Wishes bring suffering. Do they? Goods or services, it's their utility that matters. Whatever is produced or delivered, an iron, a car, a haircut, a hotel room - it's our wish to look accurately dressed, transport ourselves or our stuff, look nicely or have a shelter and rest. If we look at the structure of GDP of a prosperous economy (ex. here is a nice article "How to compete and grow" from McKinsey&Co. In the former USSR countries people appear to...

2

extreme economics: Propensity to consume is to "rule the World"?

http://extreme-economics.blogspot.com/2009/12/propensity-to-consume-is-to-rule-world.html

Wednesday, December 23, 2009. Propensity to consume is to "rule the World"? A German burger decides to cut on an extra toy, thus cutting the earnings of the retailer, the logistics company, the toys trader somewhere in China or Malaysia and ultimately of a Chinese or Malaysian worker. Suppose that the 4 Euro toy would provide equal benefit to all members of the chain, i.e. 1 for the retailer, 1 for the logistic co., 1 for the trader, and 1 for the worker. Cutting spending has a definite multiplication ef...

3

extreme economics: Written as a comment to Stephanomics blog

http://extreme-economics.blogspot.com/2009/11/written-as-comment-to-stephanomics-blog.html

Wednesday, November 4, 2009. Written as a comment to Stephanomics blog. Http:/ www.bbc.co.uk/blogs/thereporters/stephanieflanders/2009/11/the future of economics.html. He also started a hedge fund, Long-Term Capital Management which created a mini credit crunch of its own, running up losses of more than $4.5bn in just four months in the summer of 1998.". The economics is all about utility and value. Remember? Of these FA to the others. It's questionable that Enron-like or Lehman-like cases are avoidable ...

4

extreme economics: October 2009

http://extreme-economics.blogspot.com/2009_10_01_archive.html

Tuesday, October 20, 2009. Bubbling financail markets as externalities to the economy. Looking at economic flow diagram one thinks of the financial markets as of efficient part of the economic cycle. It might not be the case today: financial markets become externalities distracting or 'extracting' funds from 'real economy' circle. It's like physically taking a substantial part of a medieval state's treasury off the country. People would stay wth their funds enough to buy and sell goods and services, ...

5

extreme economics: Economics (goods and "immediate utility" services) vs Financial Markets

http://extreme-economics.blogspot.com/2009/11/economics-goods-and-immediate-utility.html

Wednesday, November 4, 2009. Economics (goods and "immediate utility" services) vs Financial Markets. Economics appeared as science about distribution of scarce resources. Scarcity was based on the fact that everything was produced using human energy, by applying human, or at its best, horsepower to the nature. Be it agriculture, pottery or masonry. Thus there was a clear relation between labour applied (power spent) and value. Economics (goods and "immediate utility" services) vs Financial Markets.

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extreme-economics.blogspot.com

extreme economics

Thursday, December 28, 2017. We are losing our trades - the true personal and family assets. 1 Craftsmanship lost, tradesmen get extinct http:/ en.wikipedia.org/wiki/Tradesman. Engineer Robot vs Mass Consumer" NOT EQUAL to "Craftsman vs Craftsman" (Peasant etc.). Add "circular flow diagram" here: household=firm in old times, now households (receiving transfers, wages) vs. Now, as no revenue is generated). Knowledge is artificial, rarely practiceable, only in mass production - limiting "craft" to the rese...

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