Vídeo para entender a crise
Economia radical - Yo Hayek
domingo, 29 de julho de 2012
sábado, 28 de julho de 2012
Goodhart's law
- Any observed statistical regularity will tend to collapse once pressure is placed upon it for control purposes.
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- (Goodhart's original 1975 formulation, reprinted on p. 116 in Goodhart 1981
- Goodhart, Charles (1981). "Problems of Monetary Management: The U.K. Experience". Anthony S. Courakis (ed.), Inflation, Depression, and Economic Policy in the West (Rowman & Littlefield): 111-146.
A maquina de Phillips
Professor A.W.H (Bill) Phillips with Phillip's Machine c1958-67
Extracts from ‘The Phillips Machine Project’ by Nicholas Bar, LSE Magazine, June 1988, No75, p.3
A.W. H. ‘Bill’ Phillips is known worldwide as the originator of the Phillips Curve. Less well known is the remarkable man he was personally, and his extraordinary route to academic prominence via what came to be called the Phillips Machine.
Trained as an electrical engineer in his native New Zealand in the 1930s, he caught the travel bug and took up an engineering job in the Australian outback, where he also earned money by running a cinema and hunting crocodiles. He reached London in 1938 via the Trans-Siberian railway and joined the RAF at the outbreak of war. He was captured in Java and spent most of the war in a Japanese POW camp, where he learned Chinese and some Russian from fellow prisoners.
Back in Britain he took the BSc (Econ) 1946-49, special subject sociology. He developed a great interest in economics…and like many of his generation, became very caught up with Keynesian theory. Though fascinated he found the Keynesian model hard going. With Walter Newlyn (an undergraduate contemporary, later Professor of Economics at Leeds University) to help with the economic theory, he fell back on his engineering training. He saw that money stocks could be represented as tanks of water, and monetary flows by water circulating round plastic tubes.
A.W. H. ‘Bill’ Phillips is known worldwide as the originator of the Phillips Curve. Less well known is the remarkable man he was personally, and his extraordinary route to academic prominence via what came to be called the Phillips Machine.
Trained as an electrical engineer in his native New Zealand in the 1930s, he caught the travel bug and took up an engineering job in the Australian outback, where he also earned money by running a cinema and hunting crocodiles. He reached London in 1938 via the Trans-Siberian railway and joined the RAF at the outbreak of war. He was captured in Java and spent most of the war in a Japanese POW camp, where he learned Chinese and some Russian from fellow prisoners.
Back in Britain he took the BSc (Econ) 1946-49, special subject sociology. He developed a great interest in economics…and like many of his generation, became very caught up with Keynesian theory. Though fascinated he found the Keynesian model hard going. With Walter Newlyn (an undergraduate contemporary, later Professor of Economics at Leeds University) to help with the economic theory, he fell back on his engineering training. He saw that money stocks could be represented as tanks of water, and monetary flows by water circulating round plastic tubes.
With a grant of £100 (obtained with Newlyn’s help) he spent the summer of 1949 in a garage in Croydon ‘living on air’ as James Meade was later to put it, working on a hydraulic representation of the Keynesian model.
Se aprende poupar dos ricos
Frugal Habits of the Super Rich
By Andrea N. Browne | Kiplinger – 20 hours ago
Becoming wealthy and staying that way takes a certain level of discipline. Sure, an occasional splurge won't put you in the poor house, but frequent frivolous spending on things that aren't necessities can quickly put a serious dent in your wallet. The frugal habits necessary to achieve financial success and maintain it are often lessons learned early on.
In this article, meet seven entrepreneurs, business leaders and famous faces, including Google's David Cheriton, Berkshire Hathaway's Warren Buffett and Hollywood's Hilary Swank, whose modest living -- from clipping coupons to clipping their own hair -- has helped them amass and/or maintain vast fortunes.
In this article, meet seven entrepreneurs, business leaders and famous faces, including Google's David Cheriton, Berkshire Hathaway's Warren Buffett and Hollywood's Hilary Swank, whose modest living -- from clipping coupons to clipping their own hair -- has helped them amass and/or maintain vast fortunes.
sexta-feira, 27 de julho de 2012
quinta-feira, 26 de julho de 2012
Falsa prosperidade
The Myth of Wartime Prosperity
World War II didn't improve the average American's standard of living.
When pressed for a “success story” of their policies, Keynesians point with pride to World War II. They claim that it is the perfect illustration of the ability of massive government spending to lift an economy out of the doldrums.
In the effort to battle this myth, Steve Horwitz and Michael J. McPhillips offer an interesting new article that analyzes diaries, newspapers, and other primary source documents from the wartime era. They show that average Americans on the home front certainly did not think they were living amidst a great economic recovery. Yet as I’ll show in this article—relying on the pioneering efforts of Robert Higgs—we can use even the official statistics to turn the conventional Keynesian account on its head.
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quarta-feira, 25 de julho de 2012
A maior greve do mundo - recorde Guiness?
Servidores – A herança maldita da era Lula-Dilma explode no colo da governanta. E as vacas, agora, não são tão gordas. Ou: Greve ou movimento cartorial?
Os sindicalistas dizem que há 350 mil servidores federais em greve. Talvez seja menos. De todo modo, são milhares. A negociação com o governo tem um aspecto um tanto estranho. Parece não se tratar de uma relação entre partes distintas. Ao contrário até: os líderes se referem a Dilma como alguém da turma que os estivesse traindo ou falando, de súbito, uma linguagem estranha: a das contas públicas. Sabem o que é isso? Boca torta pelo uso do cachimbo. No governo Lula, era pedir e levar. Em alguns casos, levavam até sem pedir. Em nove anos de petismo, a despesa média por servidor, informou ontem o Globo Online, cresceu 120%. A inflação do período foi de 52%. Brasília já tinha a renda per capita mais alta do país antes disso. Depois então… Mesmo assim, permanece o mito de que os servidores públicos são mal pagos. Trata-se, obviamente, de uma piada.
Enquanto as vacas estavam gordas, luzidias, Lula ignorou o impacto sobre as contas públicas e abriu as burras do dinheiro. Frequentemente, os gastos cresceram mais do que a economia e do que a arrecadação. Mas chegou o inverno, o pasto está seco, e não há mais a cornucópia de dinheiro.
terça-feira, 24 de julho de 2012
Produção de dinheiro
Leia mais sobre esse assunto em http://oglobo.globo.com/economia/casa-da-moeda-vai-abrir-portas-ao-publico-partir-de-agosto-5569843#ixzz21aTpZm3q
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20 vezes circulando o mundo num carro
Gunther Holtorf's 23-year road trip
Back in 1989, as the Berlin Wall fell, Gunther Holtorf and his wife Christine set out on what was meant to be an 18-month tour of Africa in their Mercedes Benz G Wagen. Now, with more than 800,000km (500,000 miles) on the clock, Gunther is still going.The German former airline executive has travelled the equivalent of 20 times around the planet in the vehicle - which he calls Otto. He says he has never had a serious breakdown. Recently in Vietnam, Canadian-born photographer David Lemke joined Gunther on one section of his epic journey.
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A greve em dúvida
Tendências/Debates: Greve remunerada nas universidades federais
ALBERTO CARLOS ALMEIDA
Nada é mais caro nos dias de hoje para todos nós contribuintes do que nossos professores universitários funcionários públicos.Oficialmente, eles entraram em greve no dia 17 de maio. Desde então, eles recebem integralmente, e sem atraso, seus salários.Trata-se de algo absurdo: uma greve na qual os grevistas são pagos para não trabalhar. Seria cômico se não fosse trágico.
Trata-se da mais longa e abrangente greve remunerada do mundo.
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Fim da greve?
Governo cede e vai oferecer reajuste maior para docentes em greve
FLÁVIA FOREQUE
DE BRASÍLIA
O governo federal decidiu ceder diante das reivindicações dos professores universitários, que estão em greve há dois meses, e vai oferecer uma nova proposta com índices maiores de reajuste para alguns níveis da categoria.DE BRASÍLIA
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A lei de Say na versão de James Mill
"When goods are carried to market what is wanted is somebody to buy. But to buy, one must have the wherewithal to pay. It is obviously therefore the collective means of payment which exist in the whole nation constitute the entire market of the nation. But wherein consist the collective means of payment of the whole nation? Do they not consist in its annual produce, in the annual revenue of the general mass of inhabitants? But if a nation's power of purchasing is exactly measured by its annual produce, as it undoubtedly is; the more you increase the annual produce, the more by that very act you extend the national market, the power of purchasing and the actual purchases of the nation…. Thus it appears that the demand of a nation is always equal to the produce of a nation. This indeed must be so; for what is the demand of a nation? The demand of a nation is exactly its power of purchasing. But what is its power of purchasing? The extent undoubtedly of its annual produce. The extent of its demand therefore and the extent of its supply are always exactly commensurate."
James Mill, "On the Overproduction and Underconsumption Fallacies." Edited by George Reisman, a publication of The Jefferson School of philosophy, Economics, and Psychology — 2000.
James Mill, "On the Overproduction and Underconsumption Fallacies." Edited by George Reisman, a publication of The Jefferson School of philosophy, Economics, and Psychology — 2000.
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