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Documentary Of The Week: Value And Thermodynamics

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Written by John Lounsbury

Econintersect: Steve Keen says that, although you cannot derive economics from thermodynamics, economic theorems cannot violate the laws of thermodynamics. In this new lecture, Prof. Keen discusses definitions of value and why, even though there have been many theories of value, none of the main schools of thought have gotten it right.

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 more WWRT

What We Read Today 18 January 2017

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).

BECOME A GEI MEMBER - IT's FREE!

Every day most of this column ("What We Read Today") is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.

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 more features, analysis, studies, and news published in the last week

Can Serena Make It 23

by Felix Richter, Statista.com

Former world number one Serena Williams kicked off her Australian Open campaign in style, beating the Swiss hopeful Belinda Bencic 6:3 6:4 on Tuesday

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Infographic Of The Day: Why Pets Make Us Happy

It's no secret that humans love having pets of all shapes and sizes, and turn to them for comfort and entertainment.

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Video of the Day:

15 amazing recent discoveries in the world of science and here they are from bionic contact lenses to reanimating dinosaur dna!


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Current Weather Outlook

Written by

NOAA maintains the fiction that we have a La Nina and now forecasts two weeks of wet followed by two weeks of dry. This part of the forecast may indeed work out if the ridge forecast over the Western U.S. materializes. We should be having very interesting and highly changeable weather for the next 30 days at least. At this point, three storms are teed up to impact the West and Southwest within the next ten days. Then the pattern changes to a more dry pattern. The temperature changes may be even more rapid.

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 more investing, markets, precious metals & forex

Technical Nuggets: Is There A Trump-Air Pocket Ahead?



 more opinion

A New Deal With Capitalism Requires A Revolution In Politics And Markets

from The Conversation

-- this post authored by George Feiger, Aston University

Many people feel that the capitalist economic system delivers wealth to a few and somehow cheats the rest of opportunity. I agree: our market system is being looted by a small minority and the only real solutions call for courageous measures.

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 USA economy at a glance (boxed items are updates in last 7 days)

January 2017 Beige Book: Reading Between The Lines - Little Change in the Rate of Growth

Written by Steven Hansen

The consolidated economic report from the 12 Federal Reserve Districts (Beige Book) stated "the economy continued to expand at a modest pace across most regions from late November through the end of the year". The previous report stated the economy expanded at "that the economy continued to expand across most regions from early October through mid-November".

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