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Bloom of Doom VIII: US Figures Stronger than Feared

If you think the title is a contradiction, well, not more so than the idea that debt or subsidies could increase wealth. Where truth can’t win by argument it needs to do so by stealth (that almost rhymes). The President of the United States has published a report on the state of the economy which proves how uneconomical the state has become. From that report you can glean two things, the bad and the ugly: the US economy has greatly deteriorated further and it seems beyond the point of no return.
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Economic Musings VII: Marketing doesn’t advertise itself

2010-04-06 1 comment

Have you ever wondered if marketing and advertising are the same, if not, what’s the difference and which is the more important of the two? And why should you care?

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Economic Laws I: The Division of Labour

2010-03-26 4 comments

There’s probably not one concept in economics that’s credited more with being the underpinning of society as the division of labour. By which is meant a process whereby two agents, each producing one thing, together produce more if they specialise than if both had produced each of both goods on their own.

Let’s make up an example: Read more…

Categories: Economic Laws, Economics, Trade

Bloom of Doom VI: Will China Survive the Crisis?

China. like Japan in the late seventies and 1980s, has been dubbed an economic miracle. What if, like totally bankrupt Japan, this giant just stood on feet of clay, a zombie, a dead man walking? Are any of its statistics to be trusted? Or do we see just another Samuelson fallacy about the resilience and “productivity” of communism? Read more…

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