Fighting Colony Collapse Disorder: How Beekeepers Make More Bees

by Timothy Taylor, Conversable Economist

Bees and pollination play an important supporting actor role in economic discussions of how and when markets will work well.

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Why Sraffa’s Theory Does Not Contain a Labour Theory of Value

August 12th, 2017
in history, macroeconomics

by Philip Pilkington

Article of the Week from Fixing the Economists

In my last post I tried to argue that, for a number of reason, once we make additions to Sraffa’s theory to make it comprehensive enough to confront the real world any potential interpretation of the theory in line with the labour theory of value falls apart. In that post, however, I never dealt with why some people have sought out a labour theory of value in Sraffa’s work.

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Technological Change - Nobody Really Knows What Is Coming

August 10th, 2017
in employment, macroeconomics

by Elliott Morss, Morss Global Finance

Introduction

We hear endlessly that technology is advancing at an ever-increasing rate. But for the most part, we just plod along in our current life paths. Thinking back, I remember learning how to use a slide rule and typing my college thesis.

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Money and Banking - Part 19(A): Financial institutions: An overview

August 9th, 2017
in Business, Money and Banking

by Eric Tymoigne

financial.institutions

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US Public Firm Agonistes

August 8th, 2017
in Business, Money and Banking

by Timothy Taylor, Conversable Economist

The number of shareholder-owned US corporations is in steep decline, falling from 7,507 in 1997 to 3,766 by 2015. Thus, Kathleen M. Kahle and René M. Stulz ask "Is the US Public Corporation in Trouble?" in their article in the Summer 2017 Journal of Economic Perspectives (31:3, pp. 67-88). (Full disclosure: I've been Managing Editor of JEP since its inception in 1987, and thus may be predisposed to believe that the articles appearing there are worth reading! All articles in JEP, from the most recent issue back to the first, are freely available online compliments of its publisher, the American Economic Association.)

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