Medicine, Economics and the Future

Source: Medicine, Economics and the Future

Concise look at the future of U.S. Health Care Industry

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Monetary Policy and Low Interest Rates

I believe that from the article it is clear that two things are happening with regard to low interest rates. First, the general population is being placed into slow-motion, allowing people to organize and adjust to their current situation. This time allotment can provide a good opportunity for people to assess their financial status and make plans before moving forward. A slow down from the need to make quick decisions regarding finances could lead to long term growth and stability. Second, investors aren’t seeing the long term trends which were previously forecast and so there is a great frustration with this slow-motion as returns aren’t actualizing. I worry that this group is going to push for things to move along at an earlier time than people will be prepared for in the hope of setting new long term forecasts that are more palatable to their previous forecasts. If we move too quickly, the long term growth and stability that everyone from all groups is looking for may not be recognized.

Article: Do ultra-low interest rates really damage growth?

by D.D. | LONDON – The Economist

Economics of Subjective Welfare

New research teaches us more about interpretive difficulties of subjective welfare as it relates to analysis of data.

The author links to various articles including one by Deaton during a review of the research. Discussion includes fixed personal characteristics, set point theory, lottery winner analysis, and locus of control.

Why our personalities pose a challenge for economists

by Jed Friedman – senior economist in the Development Research Group (Poverty and Inequality Team) at the World Bank

Ecologically Sustainable Growth

The Commonwealth Scientific and Industrial Research Organisation (CSIRO) released findings from two-year project: the Australian National Outlook report. The report “integrated a model of the economy with no less than eight models of different aspects of the global and domestic natural environment in which the economy exists,” as reported by in his article Economic growth doesn’t need to cost the world. The article covers findings on the 18 scenarios with variables, that include global population and economic development in Australia, and impact on ecological concerns, such as greenhouse gas emissions and water stress.

Continue reading Ecologically Sustainable Growth

Economics Analysis and Manufacturing

Economic Analysis may be using outdated information with regard to conditions over time. Authors point to manufacturing as a share of GDP and U.S. Energy Production suggesting perhaps 1980 and 1998 may be better start years for analysis on current years with regard to trends over time.

Movement in “Fight for $15”

, staff writer for New Republic, reviews his analysis of the ‘Fight for $15’ movement.  He points to Los Angeles as the newest of several cities (including San Fransisco and Seattle) to move toward the $15 per hour minimum wage.  This move places minimum wage on par with approximately 50% of median wage as charted in the article.  Points are credited toward the movement for accomplishing goals however future impact has yet to be seen.
Continue reading Movement in “Fight for $15”

China Focuses on Entrepreneurs to Develop Domestic Consumption

According to an article from the Economic Times (article link) China has supported the development of approximately six million start-ups between March and August of this year.  Incentivized by cutting taxes/fees and lending, start-ups have focused in areas of e-commerce this falls in line with China’s hopes of shifting away from an export dependent economy as growth slows.  Further reading on this topic can be found via links within the article.

Economic Growth and Planetary Boundaries

Analysis of the nine boundaries critical to human existence and how macroeconomics recognition is integral. Author discusses ‘ruthless’ growth, ‘futureless’ growth, and transition steps pre-2050.

Time to Stop Worshipping Economic Growth

by Brent Blackwelder PhD and President Emeritus of Friends of the Earth U.S.