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The Invention Of 'The Economy'

The Invention Of 'The Economy' | Economics | Scoop.it
Until the Great Depression, nobody talked about "the economy." In a sense, it hadn't been invented yet.

Via Allison Anthony
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Why Big Ass Fans pays 30% above national average

Why Big Ass Fans pays 30% above national average | Economics | Scoop.it
Founder and CEO Carey Smith says paying people more -- and avoiding layoffs -- is just smart capitalism. The company's numbers back up his claim.
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Artificial discounts abound, Black Friday and every day

Artificial discounts abound, Black Friday and every day | Economics | Scoop.it
Most Black Friday discounts are illusory. Big retailers work backward with their suppliers to set starting prices that, after all the markdowns, will yield the profit margins they want.
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Why your Internet service provider wants to nix all-you-can-eat data buffets | TechHive

Why your Internet service provider wants to nix all-you-can-eat data buffets | TechHive | Economics | Scoop.it
As the industry moves toward 'metered' broadband plans, hard-core users will feel the hurt.
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New Jersey's Insane Ban on Self-Service Gasoline

New Jersey's Insane Ban on Self-Service Gasoline | Economics | Scoop.it
Driving up and back to the Mohonk Mountain House for the Slate retreat, my colleague David Weigel had one goal in mind—don't buy gasoline in New Jersey. And he succeeded.
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Mankind Decoded - The Story of Money Interactive - H2 on History.com

Mankind Decoded - The Story of Money Interactive - H2 on History.com | Economics | Scoop.it
Get the facts on the earliest forms of money and the origins of the U.S dollar, discover which country created the first paper money, and find out how the Inca created a great empire—without using money at all.
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Who Are the Long-Term Unemployed?

Who Are the Long-Term Unemployed? | Economics | Scoop.it
The long-term unemployed tend to be people who 1) are a little bit older, and 2) got laid off from their last job
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Riding the rails

Riding the rails | Economics | Scoop.it
Our correspondent leaves Iowa THEY found the Hardrock Kid under a tree in Ogden, Iowa back in 1977. He was on his way to the National Hobo Convention in Britt when...
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It Costs $350 to Make an Artificial Hip. But It Will Cost You $30,000 to Get One.

It Costs $350 to Make an Artificial Hip. But It Will Cost You $30,000 to Get One. | Economics | Scoop.it
And that's just for the part itself. The hospital stay and surgeon's fees are all on top of that.
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Sports Teams Really Can Save a City

Sports Teams Really Can Save a City | Economics | Scoop.it
How Indianapolis was transformed from a "racetrack in the middle of a cornfield" to a booming tourist attraction.
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Moving Poor People Into a Neighborhood Doesn't Cause Crime

Moving Poor People Into a Neighborhood Doesn't Cause Crime | Economics | Scoop.it
Hard data that proves housing vouchers and subsidized housing don't bring crime to a neighborhood.
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Why Americans All Believe They Are 'Middle Class'

Why Americans All Believe They Are 'Middle Class' | Economics | Scoop.it
A taxonomy of how we talk about class and wealth in the United States today
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Don't Let Bankruptcy Fool You: Detroit's Not Dead

Don't Let Bankruptcy Fool You: Detroit's Not Dead | Economics | Scoop.it
The city's fiscal crisis is an opportunity to harness the region's economic promise.
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The End of the ‘Developing World’

The End of the ‘Developing World’ | Economics | Scoop.it
The old labels no longer apply. Rich countries need to learn from poor ones.
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'Our Industry Follows Poverty': Success Threatens A T-Shirt Business

'Our Industry Follows Poverty': Success Threatens A T-Shirt Business | Economics | Scoop.it
Colombia's rising wages may drive away the T-shirt industry.
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11 Economic Lessons to Make You a Smarter Shopper This Black Friday

11 Economic Lessons to Make You a Smarter Shopper This Black Friday | Economics | Scoop.it
When you hit the stores this weekend, remember that shopping is a sport, this is its Super Bowl, and retail corporations are better at playing than you.
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Low fast-food wages come at high public cost, reports say

Low fast-food wages come at high public cost, reports say | Economics | Scoop.it
Reports say that while corporate profits soar, half of fast-food workers need public assistance to get by.
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Last Year Was the 4th-Best Year Ever for the Top 1 Percent

Last Year Was the 4th-Best Year Ever for the Top 1 Percent | Economics | Scoop.it
Amazingly, the only years with greater income inequality than 2012 were the two years before the Great Recession and the year before the Great Depression.
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Is Big Data an Economic Big Dud?

Is Big Data an Economic Big Dud? | Economics | Scoop.it
Some economists are questioning whether Big Data will ever have the impact of the first Internet wave, let alone the industrial revolutions of past centuries.
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One More Reason to Pay College Athletes | TIME.com

One More Reason to Pay College Athletes | TIME.com | Economics | Scoop.it
If players were paid, market forces would work against competitive imbalance
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The Dramatic Racial Bias of Subprime Lending During the Housing Boom

The Dramatic Racial Bias of Subprime Lending During the Housing Boom | Economics | Scoop.it
Blacks and Latinos were more than twice as likely as comparable whites to receive such high-cost loans.
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The Magical World Where McDonald's Pays $15 an Hour? It's Australia

The Magical World Where McDonald's Pays $15 an Hour? It's Australia | Economics | Scoop.it
Even in countries with a high minimum wage, the golden arches manage to turn a profit. Here's how.
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Hauling New Treasure Along the Silk Road

Hauling New Treasure Along the Silk Road | Economics | Scoop.it
With freight trains as their caravans, manufacturers like Hewlett-Packard are reviving an ancient way to ship products made in China to markets in Western Europe.
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Income Inequality and the Fracking Boom

Income Inequality and the Fracking Boom | Economics | Scoop.it
Northern North Dakota has the most upward mobility in the US right now. But that's not a long-term solution.
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