Conceived in Disgrace: The 350th Anniversary of the Creation of the Bank of Sweden

Conceived in Disgrace: The 350th Anniversary of the Creation of the Bank of Sweden 2 COMMENTS TAGSMoney and BanksWorld HistoryMoney and Banking 6 HOURS AGOPer BylundJoakim BookKlaus Bernpaintner The world’s oldest central bank, the Bank of Sweden (or Sveriges Riksbank), today celebrates its 350th anniversary by organizing a conference on the theme “The role of central banks then, …

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What do we say of Market failure and Government failure?

When providing solutions to an age ol problem that has defied experts it is unreasonable to also expect a flawles solution. A solution has been found fc education and healthcare and it is working but with fewer imperfections than markets failures. It works better.

The Misunderstanding at the Core of Economics

The Misunderstanding at the Core of Economics https://www.bloomberg.com/view/articles/2017-03-09/the-misunderstanding-at-the-core-of-economics Mark Buchanan, a physicist and science writer, is the author of the book “Forecast: What Physics, Meteorology and the Natural Sciences Can Teach Us About Economics.” Read More. March 9, 2017 2:00 AM EST Full original very complex and  abstract thesis http://dido.econ.yale.edu/~gean/art/1987-newpalgrave1.pdf Kenneth Arrow original thesis 1987-newpalgrave1 By Mark …

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Unemployment Rates . Definitions. U3 as official ILO definition

The Bureau of Labor Statistics also calculates six alternate measures of unemployment, U1 through U6, that measure different aspects of unemployment:[44] U1:[45] Percentage of labor force unemployed 15 weeks or longer. U2: Percentage of labor force who lost jobs or completed temporary work. U3: Official unemployment rate per the ILOdefinition occurs when people are without jobs and they have …

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