economic viewpoint

Ted on Jobs

This Ted Talk by Andrew Mcafee is supercalifragilisticexpialidociously optimistic about jobs: There are four existential wicked problems of increasing danger facing the World: 1)Man made climate change that demands  wrenching alterations in how energy is produced and used worldwide; 2)Income inequality growing at exponential rates in both developed and developing countries. The ever more concentrated wealth  concentrated …

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The Passing of Logic, Science, and Mr. Spock

Leonard Nimoy, Mr. Spock, passed away at 83 last Friday and captured the collective conscious in unexpected ways. Marketwatch, the blog of Wall Street, published a bulletin reserved for big Bull or Bear market movements on the day. The news captured headlines at the NYTimes, Entertainment Weekly, Toronto Globe and Mail, TheGuardian, Sydney Morning Herald, …

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Scene on Google+ – Why Jobs Are Problem One

These are some of the data about the acceptance of article written by robot journalists. The gist of the paper is that Robot Journalists provide more trustworthy, reliable and provoked the following reaction on Google Plus. Ron Miller, a writer on IT trends noted “Am I about to be disrupted by robots? Possibly, but while …

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Massive Income and Wealth Inequality in the United States

Income  and Wealth Inequality is about deserving and fairness. In a democratic society, income  and accumulated wealth have to be unequal because effort and captured good fortune are not equally distributed. So by definition income and consequent wealth will not be even – call this expected  inequality of earnings and consequent wealth. However this expected …

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On Google Plus: Austerity vs Keynesian Economic Policy

Geoff Brandt asked the following question on Google Plus: I was having a discussion with an acquaintance of mine who is somewhat more conservative than I am. He was railing against most gov’t spending (perpetrated of course by “those Liberals in Washington”) and insisted our nation’s top priority other than defense should be to pay …

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An Essay for the Coursera Class: Behavioral Economics

In the Coursera class Behavioral Economics taught by  Duke Professor Dan Ariely, all the students had to write a mid-term  essay in which they described the ideas of Behavioral Economics  and how the methods of the discipline  could be used to solve an economic problem. Despite the fact, that most of the methods in the …

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Another View: Moores Law Slowing

Three weeks ago this blog presented Moores Law is Alive and Well.  But reader reaction was mixed because the post emphasized growth in  computing power rather than number of transistors per chip. But really Moores Law has two meanings in electronics. The strict original circuit design  definition was that the number of transistors on a 2D integrated circuit chip would double …

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Where is the David Einhorn for America

David Einhorn, the tiny $7Billion Hedge Fund manager, has tweaked the nose of computing’s Goliath, Apple. Since a week Thursday, David  has shocked the US business world with his direct, loud, and “uncivil’ attack on Apple’s huge cash hoard of nearly $130Billion. And Apple’s cash hoard islikely getting bigger on a  growth rate of 10%per quarter for the …

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The Grand Trickle Down Deception

The constant refrain in the Presidential campaign is to give the Job Creators the money with various unconditional tax breaks, and those adventurous souls will have America up and working  in no time flat. But  overwhelming  current evidence is this is not just a myth but a crass deception. The following articles  in the NYTimes Dealbook , …

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