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| Detail of "The Blue Circus (1950) | " |
Sunday, April 8, 2012
Chagall in Madrid
Receta de potaje de garbarzos con espinacas
Esta receta es una adaptación personal de una receta de "Ropa Vieja" añadiendo espinacas y caldo de jamón.Es muy fácil, los potajes son así, todo a la olla y a esperar, y yo últimamente intento complicarme poco en la cocina, aunque me gusta seguir comiendo bien.
Manos a la obra!
Saturday, April 7, 2012
Naked Economics: The Power of Organized Interests 8/13
Today the main subject of the entry is the analysis of why our societies subsidize interest groups even when it goes against the global good or interest.
“Economists have come up with the theory of political behavior that when it comes to interest group policies, it pays to be small”. Gary Becker, University of Chicago Nobel Prize winner, theorized that “small well-organized groups are most successful in the political process”. This is because the costs of paying for their pleads is spread over a large unorganized fraction of the society.
When it comes to discuss about one specific interest group benefited from public policies, e.g. carbon mines in Spain, the miners strongly defend and fight to keep their status quo because they have a lot to lose while it represents a small quantity in taxes for the rest of the country, not worthy enough for fighting against them.
“Economists have come up with the theory of political behavior that when it comes to interest group policies, it pays to be small”. Gary Becker, University of Chicago Nobel Prize winner, theorized that “small well-organized groups are most successful in the political process”. This is because the costs of paying for their pleads is spread over a large unorganized fraction of the society.
When it comes to discuss about one specific interest group benefited from public policies, e.g. carbon mines in Spain, the miners strongly defend and fight to keep their status quo because they have a lot to lose while it represents a small quantity in taxes for the rest of the country, not worthy enough for fighting against them.
Friday, April 6, 2012
Naked Economics: Financial Markets 7/13
This entry will analyze the reason for financial instruments and the basis of investment strategy.
Financial instruments are basically designed to cover “four simple needs”:
- “Raising capital”: “individuals, firms, and governments need capital to do things today that could not otherwise afford; the financial markets provide it to them at a price”.
E.g. micro-credits. A recent financial instrument designed to facilitate the access to small amounts of investment needed to launch many local businesses in developing countries.
Financial instruments are basically designed to cover “four simple needs”:
- “Raising capital”: “individuals, firms, and governments need capital to do things today that could not otherwise afford; the financial markets provide it to them at a price”.
E.g. micro-credits. A recent financial instrument designed to facilitate the access to small amounts of investment needed to launch many local businesses in developing countries.
Wednesday, April 4, 2012
Naked Economics: Productivity and Human Capital 6/13
It has been more than one year since my last entry about Wheelan´s book “Naked Economics”.
I am here again trying to finish the work I started. I have seized the opportunity that the extraction of the nail in my leg has given to stay at home, relaxed and with time enough to concentrate in a task that takes me more than the short periods of time I usually have on a daily basis.
Sincerely, I don´t exactly remember the line of thoughts and examples collected in the book so it will take me a bit more than before to recall the most important messages I want to summarize in my blog.
Remember, notes in quotes are transcribed directly from Wheelan´s book.
In this chapter “Economists study poverty and income inequality. They seek to understand who is poor, why they are poor and what can be done about it”.
I am here again trying to finish the work I started. I have seized the opportunity that the extraction of the nail in my leg has given to stay at home, relaxed and with time enough to concentrate in a task that takes me more than the short periods of time I usually have on a daily basis.
Sincerely, I don´t exactly remember the line of thoughts and examples collected in the book so it will take me a bit more than before to recall the most important messages I want to summarize in my blog.
Remember, notes in quotes are transcribed directly from Wheelan´s book.
In this chapter “Economists study poverty and income inequality. They seek to understand who is poor, why they are poor and what can be done about it”.
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