by John West, Asian Century InstituteSlip sliding away
Emerging Asia has seen its economic growth rate slide down from an average of 8.3% annually from 2006-2010 to 5.7% in 2016. This is perhaps not so surprising with much of the world economy being in the doldrums.
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Both Keynes' and Hayek's shared the belief that there existed a need to revisit the economic discourse that began in the thirties and involved their respective analyses of growth and the business cycle. This paper looks at these topics and discovers some of the deep methodological, cultural, substantive, and ideological roots of the chasm that existed between Keynes and Hayek. The reasons for the chasm are understood with the aid of Concordian economics, a framework of analysis through which prism both Keynesian and Austrian economists might finally have a serious conversation with one another.
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Infographic Of The Day: Seven Outdoor First Aid Myths
People who spend any amount of time outside are likely to experience some kind of outdoor related injury that requires medical attention.
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from The Conversation
-- this post authored by Jorg Wiegratz, University of Leeds and David Whyte, University of Liverpool
Corporate fraud is not just present, but is widespread in many neoliberalised economies of both income-rich and income-poor countries. Volkswagen's emissions cheating scandal is perhaps the most recent and most startling example, but the automobile industry is only one of many sectors, including banking and the arms industry, where scandals have become commonplace. Certain practices and norms that many people in the global North considered shocking only a while ago have become routine in public life.
Written by Jim Welsh
Macro Tides Weekly Technical Review, 27 June 2016
This is a quote from last week's article (before the Brexit vote):
28Jun2016 Market Close: DOW Climbs To Plus 269, WTI Crude Closes Higher, USD Sinks Lower, All Eyes O
28Jun2016 Market Update: US Markets Are Up Near One Percent, But Melting Lower On Falling Volume, In
28Jun2016 Pre-Market Commentary: US Futures Up Almost 1%, US Crude Rises To Almost $48, Investors Ju
Written by Doug Short and Steven Hansen
The Conference Board Consumer Confidence Index improved to 98.0 in June from the May final reading of 92.4. The market expected (from Bloomberg) this index to come in between 90.8 to 95.5 (consensus 93.3).