Archive for October 31st, 2014

How Germany started its hyperinflation and ended the same..

October 31, 2014

Two interesting articles on the topic.One by Marcia Christoff-Kurapovna and other by Thorsten Polleit.bit..

 

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Book Review — The Gifts of Athena: Historical Origins of the Knowledge Economy

October 31, 2014

What a book by Prof Joel Mokyr of Northwestern Univ. It is a pity that this book is highly recommended for reading even to economics students.

This book says industrial revolution basically happened as there was certain knowledge creation which allowed the revolution to happen. The book is around this process of knowledge creation. How small things added up over a period of time which led to the so called revolution. These small things were added to a super set called Omega (Ω) and how they were applied becomes lambda (λ). The entire book explains how this Omega expanded overtime and then with easier access became part of lambda. Easier access to these technologies made a huge change from the previous episodes where the activity started but could not become a revolution. There was far more investment and application towards sharing and making the knowledge of Omega and Lambda to others.

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Economics of Wikipedia: The value of open content production

October 31, 2014

Aleksi Aaltonen and Stephan Seiler have an interesting piece.

What drives Wikipedia?

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Brazil is Belindia – Belgium + India

October 31, 2014

Andres Velasco reflects on the recent Brazil elections. I mean how quickly things turn around. Just three years back, people were praising the outgoing President Lula who had left a strong economy. And now we are discussing how Brazil will fight its recession.

Anyways, Prof. Velasco points to this interesting story. Brazil was named as Belindia by one of its econs 40 years ago:

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Promoting diversity in economic thinking and profession..

October 31, 2014

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