Tag Archives: facts

Newsflash: You Should Be Happy!!!

Matt Ridley has written an entertaining book: The Rational Optimist, detailing all the ways in which life is great for rich people. (By rich people I mean the fraction of humans who make ≥5 figure salaries in $.) For example Louis … Continue reading

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Calculus is topology. The reason is that the matrix of the exterior derivative is equivalent to the transpose of the matrix of the boundary operator. That fact has been known for some time, but its practical consequences have only been … Continue reading

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David Hale laying out the basic facts, in one minute each, on: US housing demand developing-country demand for automobiles volatility in agricultural prices Did you know? Americans burn down 400,000 houses … Continue reading

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http://c.brightcove.com/services/viewer/federated_f9?isVid=1 Africans drink 7 litres of commercial beer per year. Chinese drink 35 litres of commercial beer per year. Americans drink 70+ litres of commercial beer per year. (minute 7) From my own little corner of the Earth, it looks … Continue reading

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length of time spent jobless in various American recessions via the Economic Policy Institute   Relatedly, here’s Alan Krueger & Andreas Mueller on reservation wages: This paper presents findings from a survey of 6,025 unemployed workers who were interviewed every … Continue reading

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[I]n the late 1920’s and early 1930’s…. There were lots of deep thoughts [in economics], but a lack of quantitative results. … It is usually not of very great practical or even scientific interest to know whether the [causal] influence … Continue reading

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The ratio of US jobseekers to US jobs stands at 4:1.via John Irons (of argmax.com fame)   The jobs-to-seekers ratio rises immediately during a recession, but does not decrease as quickly after the recession ends. (Is this true in general?) The … Continue reading

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