Category Archives: World Economics

Things pertaining to the global economy and geopolitics.

Baumol Cost Disease? I’m Not Convinced…

Baumol and Baumol’s Cost Disease. I’m not convinced… Continue reading

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Posted in World Economics | Tagged , , , | 9 Comments

Why Robot Labor Is Disruptive But Not Catastrophic

Robotic labor will be disruptive in some industries, but we have had many such disruptive transitions in economic history and handled them well. I explore why, and what kinds of things enter into this decision space and push to the conclusion. Continue reading

Posted in Tech Bits, World Economics | Tagged , , | 44 Comments

Puerto Rico Bankruptcy Officially Begins

Puerto Rico now in Bankruptcy Court. Continue reading

Posted in Political Current Events, World Economics | 14 Comments

Venezuela – how to collapse an economy in 5 easy lessons…

Some comments on how to collapse an economy using Venezuela as the present poster child. Continue reading

Posted in World Economics | Tagged , , , | 17 Comments