Recent content by esp.eclipser

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    Would a small enough world population and excess of resources downplay the role

    No. It seems you're talking about the micro/neo-classical perspective, the one that says that all economics is is allocation of scarce resources. Anyway, this perspective is concerned with allocation, so it would still have significance in your scenario. Also, human wants are generally assumed...
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    Questions about the media?

    Firstly, everyone is talking about high inflation in the US. Why? The CPI for May was 0.1% which is lower than optimal. Before that there was deflation. The PPI tells a similar story. Is it because the media is making something of it? (I really hope not because inflation is one of those...
  3. E

    10 Points, why does the Australian Government think it has the right to tell private...

    The government isn't really calling the shots, because otherwise they would have forced CB to lower interest rates. The Australian banking system is very effective but there is not a whole lot of competition. It is a bit of a cartel, not that that is necessarily a bad thing. What Rudd is doing...
  4. E

    10 Points, why does the Australian Government think it has the right to tell private...

    The government isn't really calling the shots, because otherwise they would have forced CB to lower interest rates. The Australian banking system is very effective but there is not a whole lot of competition. It is a bit of a cartel, not that that is necessarily a bad thing. What Rudd is doing...
  5. E

    10 Points, why does the Australian Government think it has the right to tell private...

    The government isn't really calling the shots, because otherwise they would have forced CB to lower interest rates. The Australian banking system is very effective but there is not a whole lot of competition. It is a bit of a cartel, not that that is necessarily a bad thing. What Rudd is doing...
  6. E

    Bank takeovers, nationalization of GM, taxing cow farts, what part of communism

    I have no idea what you're talking about. Is this a question? Or some attempt at a comment?
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    Good Econ book recommendations for a first year college student?

    I'd say Keynes' General Theory would be a good one to start with. But it is a lot to get your head around. Freakonomics, by Dubner and Levitt, provides an interesting, useful and heavily applied take on economic analysis. I'd recommend it to anyone, not just economics students. It's a very well...
  8. E

    Why does AIG get handed money but GM and Chrysler have to explain themselves?

    The plain answer is: AIG owed insurance payouts to many institutions that may have gone broke if they didn't receive them. Governments generally don't think about whether a company deserves a bail out, but rather how strong the flow on effects would be if that company went under. And in the...
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    Does anyone have any sources that refute this argument against human global warming?

    The global average atmospheric CO2 concentration is currently a tiny 387 ppm (parts per million). In the last 600 million years of Earth's history, only the Carboniferous Period (approximately 300 million years ago) and our present age, the Quaternary Period, have witnessed CO2 levels less than...
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