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View Diary: Graphing Rising Income Inequality, the Trademark of Neoliberalism (282 comments)

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  •  I wouldn't know how to incorporate (6+ / 0-)

    Pareto optimalization with gini statistics into a good argument about welfare economics, except to the simplified point that we could probably boost welfare spending without taking away from anyone else if we measured everything in units of welfare, something like the human development index or something. Is that what you meant? Sorry I'm not an economist by training. I do stats on alliances and treaty negotiations, that sort of thing. But I have taken internediate classes in econ and have a heart.

    That is a great area of work that needs to get more attention from the media. The whole idea of fictitious capital that floats around in the system, collapses in a heap, and is then recapitalized with tax payer dollars is the greatest crime of, well MY lifetime anyways. keep up the good work. And hopefully share some of your findings soon.

    I don't know half of you half as well as I should like, and I like less than half of you half as well as you deserve. ||@totushek on twitter

    by tote on Fri Aug 19, 2011 at 09:04:55 AM PDT

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    •  Let's get you going on where macroeconomics (1+ / 0-)
      Recommended by:
      tote

      stands, today. # 1 book and not a text book:

      The Holy Grail of Macroeconomics, Revised Edition: Lessons from Japans Great Recession -- Dr. Richard Koo

      This is nobody's idea of a one-sitting beach book. You'll need a couple weeks to go through it. But the explanations are straightforward -- not mathematical.

      Our 1929, the Japanese early 1990s, us again in 2008 -- all are Balance Sheet Recessions.

      The 1929 Great Depression didn't end until WW II, but it was easing off substantially as the debt overhangs of 1929 (and added overhangs from Hoover/Mellon blunders 1929-1932) were slowly repaired.

      The lessons of the book are demonstrated with the Japanese data.

      Our 2008 disaster is different in part because personal economics are much worse off than business economics. Households are the problem, now, not the businesses.

      Holy Grail is a solid basis for seeing how macroeconomics ties in with public policy. Koo is also up on YouTube. You'll find a couple of diaries on Koo's work if you look through my page at DKOS.

      Angry White Males + Crooks + Personality Disorder psychos + KKKwannabes + "Unborn Child" church folk =EQ= The Republicans

      by vets74 on Fri Aug 19, 2011 at 11:02:51 AM PDT

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