Category: Economics, Finance, and Political Economy

  • (ouch) TRUST AND GROUP SPECIALIZATION 1 – People of good will create high trust

    (ouch) TRUST AND GROUP SPECIALIZATION

    1 – People of good will create high trust companies by serving as high trust employees. As ability to manage (calculate) increases, we see Trust Remain (some groups) which specialize in warrantable goods and Trust Decline (other groups) specialize in unwarrantable goods.

    2 -This explains why some groups specialize in warrantable goods, services, and information (material production) and build large companies and other groups specialize in unwarrantable goods (media, advertising, finance) and produce a distribution of smaller organizations: Trust.

    3 – There is a very good reason why the stock market is in NY, the Bond in London, Heavy Capital in Germany, and Military in Russia. Each varies in the trust (and failure) that they tolerate.


    Source date (UTC): 2018-03-20 13:20:00 UTC

  • Curt Doolittle’s answer: —-”How does accounting degree differs from economics de

    Curt Doolittle’s answer: —-”How does accounting degree differs from economics degree?”— (note: economics in some countries means ‘business’ which means ‘nothing’. In Anglo countries, ‘economics’ refers to the measurement of behaviors, institutions, economies, policies, and invest…
  • Curt Doolittle’s answer: —-”How does accounting degree differs from economics de

    Curt Doolittle’s answer: —-”How does accounting degree differs from economics degree?”— (note: economics in some countries means ‘business’ which means ‘nothing’. In Anglo countries, ‘economics’ refers to the measurement of behaviors, institutions, economies, policies, and invest…
  • My answer to Why is it that Iranian Americans make more than double income per c

    My answer to Why is it that Iranian Americans make more than double income per capita than Iraqi Americans? https://www.quora.com/Why-is-it-that-Iranian-Americans-make-more-than-double-income-per-capita-than-Iraqi-Americans/answer/Curt-Doolittle?share=2afa6609


    Source date (UTC): 2018-03-20 02:16:18 UTC

    Original post: https://twitter.com/i/web/status/975918926730276866

  • (The value of varying trade policy like varying any organizational structure is

    (The value of varying trade policy like varying any organizational structure is that it causes adaptation to change and iterative opportunities to (a)decrease corruption/rents (b) enact significant improvements against organizational will (c) increase competition. Shock is good.)


    Source date (UTC): 2018-03-20 01:16:30 UTC

    Original post: https://twitter.com/i/web/status/975903878150582272

  • How Does Accounting Degree Differs From Economics Degree?

    —-”How does accounting degree differs from economics degree?”—

    (Note: economics in some countries means ‘business’ which means ‘gut course’. In Anglo countries, ‘economics’ refers to the measurement of behaviors, institutions, economies, policies, and investments using available data.)

    The difference between Accounting and Economics is the difference between Arithmetic(accounting), Algorithms (computer science) and Calculus(economics) which is only a bit less difficult than Algebraic Geometry (physics), which is only a bit less difficult than Lie Groups(Pure Mathematics).

    Economics requires the use of calculus and statistics largely for the purpose of ‘fitting’ data that doesn’t necessarily fit, because nothing you measure (no category) is causally consistent over time. This differs from Physics in which the categories we measure are constant we just don’t know what causes them (although we are slowly getting there).

    Accounting is a clerical degree that the average person can obtain, and earn a middle class income.

    Economics is one of the harder degrees because everything in economics is counter-intuitive, and it is math, data, (and logic) intensive.

    If you are in the upper 10% of graduates, Economics is probably the highest value lifetime degree.

    Cheers

    https://www.quora.com/How-does-accounting-degree-differs-from-economics-degree

  • How Does Accounting Degree Differs From Economics Degree?

    —-”How does accounting degree differs from economics degree?”—

    (Note: economics in some countries means ‘business’ which means ‘gut course’. In Anglo countries, ‘economics’ refers to the measurement of behaviors, institutions, economies, policies, and investments using available data.)

    The difference between Accounting and Economics is the difference between Arithmetic(accounting), Algorithms (computer science) and Calculus(economics) which is only a bit less difficult than Algebraic Geometry (physics), which is only a bit less difficult than Lie Groups(Pure Mathematics).

    Economics requires the use of calculus and statistics largely for the purpose of ‘fitting’ data that doesn’t necessarily fit, because nothing you measure (no category) is causally consistent over time. This differs from Physics in which the categories we measure are constant we just don’t know what causes them (although we are slowly getting there).

    Accounting is a clerical degree that the average person can obtain, and earn a middle class income.

    Economics is one of the harder degrees because everything in economics is counter-intuitive, and it is math, data, (and logic) intensive.

    If you are in the upper 10% of graduates, Economics is probably the highest value lifetime degree.

    Cheers

    https://www.quora.com/How-does-accounting-degree-differs-from-economics-degree

  • Mercy is either an investment, a cost savings, or a loss – not a universal good

    Mercy is either an investment, a cost savings, or a loss – not a universal good.


    Source date (UTC): 2018-03-18 19:09:02 UTC

    Original post: https://twitter.com/i/web/status/975449013695729665

  • Violence is just an expensive market commodity

    Violence is just an expensive market commodity.


    Source date (UTC): 2018-03-18 14:54:22 UTC

    Original post: https://twitter.com/i/web/status/975384925871525888

    Reply addressees: @capital_matter @JordanPeterson

    Replying to: https://twitter.com/i/web/status/975381825802694656


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    Original post: https://twitter.com/i/web/status/975381825802694656

  • The Origin Of The Anglo Free Market Vs The Jewish Free Market.

    The free market was envisioned for the known purposes of (a) creating peaceful relations between then expanding empires, and (b) explaining why people treated each other well in ordinary commercial life vs inter-tribal life, (c) making use of comparative advantage between non-enemies. (d) reducing artificial shortages of food in particular that gave profits to large land holders at the cost of starving citizens. The free market ideology was a jewish invention, just as were the opposing forces of capitalism and communism. In the west it’s just simple reciprocity or not (unearned gains).