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Thursday, August 21, 2008

About Economics: Weekly Update (Vol. 6, No. 34)

About.com    Economics
In the Spotlight | More Topics |
  from Mike Moffatt
The number of e-mails I've been getting on elementary economics concepts has gone up exponentially in the past two weeks, which can mean only one thing - it's back to school time!
 
In the Spotlight
How do Investments,Gambles,Speculation and Insurance Differ?
I was talking with a group of economists and finance professors lately and we were trying to determine what are the characteristics between investments, gambles, speculation and insurance. Using the dictionary definitions of the terms provides surprisingly little insight to real world cases. Consider the following example:

 
           More Topics
More on the U.S. and Corporate Income Taxes
Paul Krugman responds to the paper I linked to in Types of Taxes and Economic Growth by stating... Now, the thing you have to realize about corporate taxes is that the statutory rate -- the rate you pay after allowed deductions and all that -- means very little.

 
Types of Inflation and the Economy
Macleans magazine has a terrific article on accelerating inflation across the world. It picks up my worry that 2008 is starting to look a lot like the 1970s... Does this herald a return to the 1970s, when inflation ran wild, and you were lucky to get a mortgage at 10 per cent?

 
 
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