Discover and read the best of Twitter Threads about #economics

Most recents (24)

Hemline Index (George Taylor, 1925).

Skirt hemlines are higher when the economy is performing better, and longer during downturns.!!!

(Fuming Feminist Economists)
Lipstick Index (Leonard Lauder)

He found that in the backdrop of an uncertainity, people wanted to go shopping but desisted buying expensive items.

So most bought lipsticks.

Post 9/11 his company’s lipstick sales doubled.

With the use of mask lipstick Index lost its value.
Read 10 tweets
Short thread on inflation
1- I have been listening to what experts have been saying about inflation & its impact on various parts of the economy in recent weeks. Many think inflation is a modern phenomenon & somehow the FED, fiat money, or capitalism created it. #Inflation
2- Inflation is old.. thousands of years old, when people used all kinds of things as money. Inflation existed even when gold & silver were used as money.
The main reason for my thread today is this:
Anglosaxon experts must read about inflation in other languages & cultures.
3- The quantity theory of money was NOT introduced in Europe in the 17th century as European books claim. It was introduced in Egypt 300 years earlier in a book written by a scholar called: Al-Maqrizi
#Inflation #Money #Egypt #Economics
Read 15 tweets
🌍 Our 2022 #Science Board Symposium on "The #Emergent #PoliticalEconomy or #ClimateChange" kicks off with opening remarks from President David Krakauer.

Follow this 🧵 as we provide live coverage of this event all day...
"For those of you who think behavior change can prevent #ClimateChange...behavior WILL change when climate changes. Shutdowns from the pandemic resulted in a reduction of #C02 emissions of about 7.5%."
- SFI/@Harvard Prof Dan Schrag opens our speaker series today
"We *used* to talk about #ClimateChange used to be something that would happen to people in Bangladesh fifty years from now."

Re: #ClimateJustice,
"Children born today are going to deal with climate change they had no role in causing."

- SFI/@Harvard Prof Dan Schrag
Read 56 tweets
History Repeats, Are we Listening ?

A Thread 🧵on Economic Cycles, Past & Present, What we Know and What we Do Not.

#Economics #Commodities #recession

@SahilKapoor @virtual_kg @avasthiniranjan @nsitharaman @564pankaj @JustPunforfun @riteshmjn @bloombergquint @PauloMacro
We are in a cycle of historical oscillation

Economic instability driven by a pathogen, reminiscent 2018; the outbreak of the Spanish Flu.

More than a century later, where do we go from here?

As a result of the effects of the COVID-19 pandemic, combined with wars and economic shocks, are we at the beginning of a new supercycle of history?

What is an economic cycle, or oscillation ?
Read On....
Read 19 tweets
For @townhallcom ✍️

Dear Elon Musk, For the Sake of Freedom of Speech in the Public Town Square, buy Twitter ASAP!💰🐦… @elonmusk #elonmusk #ElonMuskBuyTwitter #ElonMusktwitter #musk #elon @SophiaNarwitz @ItalianxComedy @chadfelixg @BlueBoxDave
yes i know the title is a mouthful lol
Read 28 tweets
Thea coming intensification of economic #Crisis in Europe,
A thread:
#foodcrisis #Economics #EconomicCrisis #UkraineRussiaWar
Ukraine faces mass starvation: Kiev authorities deliberately disrupt the sowing campaign

The sowing campaign in Ukraine is on the verge of failure, the agrarians lack seeds and fuel. Only in Odessa region and maybe in the liberated regions of the country (Kherson region and
the south of Zaporozhye region) are fully sown.

In Kyiv, Sumy, Chernihiv, Mykolaiv and Kharkiv oblasts there is fighting. Fields are mined, demining is not carried out.

In the Poltava region, fields are also mined, the sowing season has not begun.
In the west of Ukraine in
Read 9 tweets
The first chapter of my Ph.D. thesis on the commemoration of political violence and social capital is out @JHPE_journal. The findings are from before, but some insights might be valuable to understand how did 🇷🇺 turn out this way. 🧵…

In this paper, I explore the legacy of the 1930s "anti-soviet elements" arrests, or NKVD Order №00447, and recent commemoration of these events within @MemorialMoscow Last Address initiative:

I show that political arrests commemoration might serve as a transmission vehicle for the associated effects on out-group pro-social behavior. In short: a painful past erodes social ties.

Read 19 tweets
Thread: My paper on revisiting income inequality in the USA is now online at the Economic Journal @RoyalEconSoc. Let me explain why it matters here. But first, just look at this graph which summarizes it all… #econtwitter #econhist #inequality #Economics
1) In the paper, we find that the estimates of income inequality in the US over the 20th century suffer from three massive flaws pre-1960.
2) First, because there are so few tax filers in the early years, some adjustments have to be made to get a steady share of the top fractiles. However, the adjustment used by Piketty and Saez was based on ratios of married to unmarried filers in 1942...
Read 16 tweets
Do business school professors need business experience?
Many #PhDs / #DBA's end up in teaching and/or academic business research.
Both are different areas.
For teaching, you have to have practical experiences that you are supposed to share with the classroom.
Many corporate world leaders are the most sought after when it comes to teaching business courses in an #MBA program!
Most of these corporate bigwigs don't have Doctorate degrees, but, even then, universities would like to bring them on board because they have an adequate amount of insights.
Read 10 tweets
1/n Beijing is trying to go green. ♻️🇨🇳

The push for #ElectricVehicles is paying off as sales increased by 160% in 2021


This has created fears of shortages in key metals such as nickel, cobalt and lithium.

#China #GeoNews #Economics
2/n The China Association of Automobile Manufacturers reported that plug-in hybrid sales more than doubled to 600,000 units in 2021.

That compares to the 480,000 which were sold in the #USA in the same year.

#GreenPlanet #ElectricVehicles
3/n China's auto sector grew at a lukewarm rate of 3.8% last year.

And Beijing has been proactive in promoting electric vehicles and has extended subsidies that were due to expire in 2020.

The push for #ElectricVehicles in #China has led to a shortage of important metals.
Read 6 tweets
How 1 brave esports host sacrificed her multi-million dollar network, career & the careers of her associates to complain about imaginary misogyny🔦

OH.....& how she mentioned G4 hosts don't play the games they have to review😬 #gaming #G4TV #gamers
Gaming world spiraled into outrage earlier this month when Indiana @Froskurinn Black, host of Comcasts new gaming network @G4TV lectured viewers on finding her less “bangable” than previous hosts

Lecture so shrill & destructive,
Must be seen to be believed👀
@FDRLST #frosk #rant
Outburst racked up millions of views across social media & gaming outlets covering the story

Old fans of G4, unaware the network had relaunched, were blasted w/ the decadent state of their old favs 😵‍💫
#gaming #g4tv #feminsim #gamers #business #economics #badadvice #tuesdayvibe
Read 19 tweets
Now Out in Paperback! “#China Goes to #Sea: #Maritime Transformation in Comparative Historical Perspective”…

@NavalWarCollege @ChinaMaritime is proud to publish this new version w/ @NavalInstitute @USNIBooks!

Come for the #maps, stay for the #history...
Honored to have #JonathanSpence’s endorsement:

“The maritime #history of #China has long been a neglected field..China Goes to Sea bring[s] that knowledge-gap to an end..will be an indispensable companion to those readers seeking to understand where China’s navy may be heading.”
As European #naval powers & even the @USNavy struggle with ship numbers, #China has gone to #sea.

Represents the reversal of a great historical trend that began 600 years ago, when China withdrew from the seas & European naval expansion spread Western influence around the globe.
Read 34 tweets
When you look at #crypto thru #GameFi, everything starts to make sense 😳
e.g. in-game assets for #P2E clearly justify a market for Brrwg/Lndg items #scholarships .
Which also justifies why in-game assets have to be #NFTs, pledged as LTV collateral.
.. this gives true meaning to #composability.
.. which explains #iov (web3), decentralization and user-owned-content; #web3 version of user-generated-content in #Web2.
>> 😇 ... and it all starts with #bitcoin (digital scarcity). I
I'm so glad I paid attention in #economics even though half of it is a ponzi musical chairs game 😆
Read 4 tweets
Why You're Very Likely to Become A Millionaire in Data Science or Machine Learning


#datascience #jobs #money #machinelearning

The reasons that you're likely to become a millionaire in data science:

1. salaries are already high in 2021
2. competition for high salaries is weaker than you think
3. salaries are likely to increase in the 2020s

Let's look at each of these.

#datascience #money #jobs

Let's start with current salaries.

According to Kaggle, the median salary for a US Data Scientist in 2021 is close to $200,000.…

#datascience #data #jobs
Read 30 tweets
On the #bitcoin standard: Pt 1

- 21 million bitcoins.
There's no economic relevance of the number "21 million".

This is because money supply is an irrelevant metric as long as the monetary medium is infinitely divisible. What really counts is its purchasing power.
If your economics textbook says otherwise, you should burn it at the stake or give "mai suya".

- When Keynesian economists ask how the world would have gotten past the great depression, they fail to accept the fact that not all years are gonna look alike and charts are not ...
going to be green on all days. There willl be "market corrections" and new "suppprt lines" but such retracement is only a charge for a new all time high.

The Austrian school explains that the lower price levels was because of the economic boom but with a fixed supply of money.
Read 14 tweets
Forex reserves supply should be matched by domestic money supply to counter inflation.
If NFA grows, the monetary base will grow
If NFA falls, the monetary base will fall
That is how a currency board system should work.
The local monetary policy is tied to an anchor currency.
The monetary base has two components
NFA Net Foreign Assets
NDA Net Domestic Assets
NDA +NFA = Monetary Base
What #Turkey needs is to #peg its currency to an anchor currency.
#Currency Peg can be fixed or crawling.
They can follow many examples, with or w/o capital #controls.
It can choose from an expansive list that includes Malaysia, Nigeria, Argentina, Hong Kong or those in the GCC.
Read 13 tweets
Daily Bookmarks to GAVNet 12/04/2021…
A 45-year-old man declared 'dead' was found alive after 7 hours in a morgue freezer, reports say…

Magnetizable Concrete in Roads Could Charge Electric Cars While You Drive…

#ElectricVehicles #BatteryCharging #MagnetizableConcrete
Read 13 tweets
We upgraded from DeFi 1.0 to DeFi 2.0. What does that mean for the economics?

Here's Tokenomics 2.0 🧵

TLDR: economic balance.
DeFi 1.0 was to build the infrastructure and tools in finance. Think of it as the basic foundation in your skyscraper.

DeFi 2.0 is to use that existing foundation and built that skyscraper.

E.g. stablecoin for transaction.
Interest-bearing stablecoin for capital leverage.
Tokenomics 1.0 is to realise the existence of the tokens to create value. To look at bootstrapping your community with tokens, gov tokens, native incentives.

Tokenomics 2.0 is to leverage the community and start looking at long-term value growth.
Read 12 tweets
Daily Bookmarks to GAVNet 11/17/2021…
Rarest mammal in North America found in Colorado garage, ‘looking for a new home’…

#EndangeredSpecies #BlackFootedFerrets #restoration
Read 8 tweets
95% of people are chasing meme coins

But few are looking at one of the biggest long-term opportunities in crypto...

A deep dive into how $XRP is building a frictionless decentralized liquidity pool for the world 🌍

(Not financial advice)

/THREAD/ Image
1/ The problem:

“With today’s internet of information you can’t store, move, transact value without a powerful intermediary. And that’s what blockchains solve”

Quoted by @dontapscott a leader in the decentralized blockchain revolution Image
@dontapscott 2/ Before blockchain

The internet had a problem with transferring $ value peer to peer

The only 2 options for sending money were:

1. Send $ using a cross border payment via bank transfers
2. Use a 3rd party and trust a stranger with private information

Lets dive into those👇 Image
Read 33 tweets
#ChhathPuja #Economics
Considering greater Bihar population (including part of UP east) at 15 cr and migration of 20% as not all could celebrate Chhath (and not only 20 pc are migrant),it happens to be around 2.5 cr household. (1)
#ChhathPuja #Economics
Reducing 15 % Muslim population brings us at 2.1 cr household. A conservative estimate would be the expense of Rs 1000 household each. So, it may stand out at 2500 cr rupees minimum.(2)
#ChhathPuja #Economics
I have not added crackers, sound, keertan, celebrity singers and Darbhanga-Patna air travel cost and Railway revenues! Also, the cost of cleanliness, water body cleaning, lesser crime scenerio may be add to another thousand crore rupees (3 )
Read 4 tweets
📚 Our Best Business Books 2021 list is out! And this year's most compelling reads are... #mustread
The 3 best business books of 2021 on #leadership:
☑️ "Excellence Now" by @tom_peters
☑️ "Digital Body Language" by @ericadhawan
☑️ "The Conversation" by Robert Livingston
@StMartinsPress  @currencybooks @Harvard @networlding
3 best books on #strategy:
☑️"Open Strategy" by @EnduringSuccess, Julia Hautz, @kmatzler, Stephan von den Eichen
☑️"Love as a Business Strategy" by @anwarsoftway @frankedanna, @chrisjpitre, @jeffreyfma
☑️ "Better, Simpler Strategy" by Felix Oberholzer-Gee
Read 8 tweets

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