Tagged: economy

On the Streets: Spaces of Opportunity and Marginalization

On my weekly trip to the grocery store, the traffic seems heavier than usual; perhaps the nice weather has coaxed people from their homes or out of work. It is surprisingly warm today with a high reported to reach the 70s. Taking advantage, my car windows are rolled down, sunglasses are on, and it seems that Bruno Mars has gripped popular radio channels. While stopped at a red light (about a dozen cars back), I notice a group of about...

Declining Racial Segregation and Racial Inequality

“Many US Blacks Moving to South, Reversing Trend” reads a recent headline from the New York Times.  This article evokes more than a reversal of geographic mobility as it cites a “New South.” This article follows, an article from a few days earlier entitled, “Black and White and Married in the Deep South: A Shifting Image.” Based on 2010 Census data, these articles suggest an America where the reversal of racial migration flows and long-standing taboos may signal an end...

"Hope" and "change" don't pay the bills – and for that, the democrats will pay

In the last presidential election, “hope” that Washington could be a less partisan and ultimately a less corrupt and more transparent place, coupled with a longing for “change,” propelled Obama into office. That, and an intense disappointment with the previous administration. However, the economic meltdown and the generally painful economic situation for a large number of Americans has lead even many Obama supporters to question whether anything is actually different and whether our president can be pragmatic and effectual in...

If a depression begets depression, will the concept of mental illness be altered?

For the last several decades, depression rates have been on the rise at a rapid pace. At the same time, the economy was in a boom. Socioeconomic status is a variable that has been shown over and over again to affect the likelihood to experience depression; there is an inverse relationship between income/wealth and depression. If the economy was better a few years ago and depression rates were up, it is imperative that we think about what is happening and...

Are we informing ourselves into inaction? How much information is too much?

What does an overload of information do to our decision-making process? This question becomes, at least in part, an issue of simplicity v. complexity, so I am reminded of Durkheim’s classic argument about social integration and regulation. Too much or too little of each causes problems – for him, various types of suicide emerge because of an overbearing or under-restricting/engaging society.  Simmel’s conflict over the freedom, yet overwhelming choices of the metropolis also comes to mind. In each of these...

Economic Growth Despite Global Downturn

China aims to experience 8% economic growth in 2010, even after accounting for the global downturn. Since Beijing has targeted 8% economic growth in the past several years and has reached its goal each year, analysts consider China’s target as reasonable. The International Monetary Fund (IMF) projects China to exceed its goal, experiencing at least 9% economic growth in 2010. Meanwhile, the IMF only expects India to grow by 6.4%, Canada by 2.1%, Japan by 1.7%, the United States by...

The Salience of Political and Financial Climate in Policy Frames

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, many question the relevance of space exploration in the world today. In order to keep NASA going, scientists and administrators are increasingly switching NASA’s mission...

Comparing the role of government in self-control problems from behavioural and neoclassical economic perspectives

This post has moved to http://williampaulbell.wordpress.com/2009/09/12/comparing-the-role-of-government-in-self-control-problems-from-behavioural-and-neoclassical-economic-perspectives/ <About>  <Portfolio>  <Academia>  <LinkedIn>  <Twitter>  <Blog> Member of the World Economics Association – promoting ethics, openness, diversity of thought and democracy within the economics profession

The G8 protests and the logically inconsistent foundations of neoclassical economics

This post has moved to http://williampaulbell.wordpress.com/2009/08/29/the-g8-protests-and-the-logically-inconsistent-foundations-of-neoclassical-economics/ <About>  <Portfolio>  <Academia>  <LinkedIn>  <Twitter>  <Blog> Member of the World Economics Association – promoting ethics, openness, diversity of thought and democracy within the economics profession

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 the most profit.  In schools around the country teenagers define themselves by what they are wearing.  Brand names are signifiers that display identity.  An individual’s...

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 economic decisions is actually much more complex. Brooks explains that these complexities, which are informed by actors’ various strategies, memories, and intuitions, are what influences...

“High Status” Crime That Does Pay

[youtube=http://www.youtube.com/watch?v=mMQTiD-FAlw]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, has been forced to close completely. The scam he has admitted to carrying out is a Ponzi scheme, which is a type of white-collar crime...

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, many couples are being forced to reevaluate their responsibilities and priorities in unexpected ways. One manifestation of this is the rise of “commuter marriages” wherein...

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 new or any less urgent today than it was five, ten and twenty years ago to a large population of marginalized peoples.  The question is,...

Money and the breakdown of social relations

by nmccoy1 In the midst of what could be the most devastating financial crisis in the history of the United States and possibly the world, we are seeing rationalized economics take prevalence over human suffering.  In the Philosophy of Money, Georg Simmel argues that as money increases individuality, freedom, and social differences it also breaks down social interaction between and among people.  The U.S. Congress seems more concerned with protecting the monetary system than the individual human beings who comprise...