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What Is Economics Good For?

What Is Economics Good For? | Economics | Scoop.it
A Fed leader has to know that economics is not yet a science, and may never be.

Via Peter Boettke, Jake Swanson
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Peter Boettke's curator insight, August 26, 2013 3:43 PM

There is a lot to discuss in here --- and a lot to disagree with --- let the conversation continue (begin here)

Rescooped by Simon McGann from KIM
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Massive iPhone 5 sales 'could add 0.5% to US economic growth', says J.P. Morgan

Massive iPhone 5 sales 'could add 0.5% to US economic growth', says J.P. Morgan | Economics | Scoop.it

J.P. Morgan's sums are simple: 8million iPhone 5 sales in Q4 x $600 (c.£375each on average) - $200 for import costs means about $400 will count towards GDP. The 0.25-0.5% projection is skeptical, but not unrealistic. Nokia, in the battle of the smartphones, had a lacklustre launch with its Lumia phone and Samsung recently lost a US case againt Apple for numerous infringements. Apple's dominance, and the ease in which consumers can access the internet from pretty much anywhere, is certain to continue.


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Detroit's Bankruptcy Marks The Tip Of The Iceberg - Analysis - Albany Tribune

Detroit's Bankruptcy Marks The Tip Of The Iceberg - Analysis - Albany Tribune | Economics | Scoop.it
Detroit's Bankruptcy Marks The Tip Of The Iceberg - Analysis
Albany Tribune
Detroit serves as a poster child for economic decline. .... [2]Kevyn Orr, City of Detroit Proposal for Creditors, June 14, 2013, p.
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