Posts tagged `economics`

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Economic models of the traditional and well-known sense usually describe either manufactured physical goods or services performed, both of which are scarce resources: only so much grain can be grown, for instance—or widgets churned out of an industrial plant, or pipes plumbed by professionals. Short of espionage, even the market for Information was tied to the cost of materials and availability of produced goods such as printed books, pressed records, or spooled movies. In other words, though the Information was created once and itself remained unchanged, the marginal cost of creating copies of that Information was the sum of the materials, labor, and transportation costs used the produce, package, and ship the finished physical good to a store or warehouse.

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§5294 · April 27, 2010 · (No comments) · Tags: , ,

The Wal-Mart Effect The Wal-Mart Effect by Charles Fishman
Publisher: Penguin
Year: 2006
Pages: 336

It would be virtually impossible to overstate the size, scope, and power of Wal-Mart. It’s the largest retailer in the world, the largest public company of any sort in the world (by revenue), and since opening its Superstores it has also become the largest grocer in the world. Everyone is likely familiar with the most common case made against Wal-Mart: it’s a big, soulless corporation which comes into small towns, drops its brick-and-steel monolith in the middle of a freshly-paved asphalt desert, and proceeds to drive the town’s smaller retailers out of business. Add the various and sundry complaints made against it w.r.t. workers rights, salaries, and shady business practices, and then contrast that against the millions of people who rely on Wal-Mart in order to make ends meet, or those for whom the retailer really is a benevolent, paternal corporation, offering steady employment and decent wages. These conflicting portraits are just a slice of the issues at the heart of Wal-Mart, but it’s the likeliest vector for Charles Fishman to enter the fray in his startlingly well-executed The Wal-Mart Effect.

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§5258 · April 15, 2010 · (No comments) · Tags: , , , ,

Singularity Sky Singularity Sky by Charles Stross
Publisher: Ace
Year: 2003
Pages: 320

Singularity Sky is one of Charlie Stross’ first and most famous works, and therefore predates the other books of his that I have read—namely Accelerando and Halting State. If the two, Singularity Sky more closely resembles the former, being something of a treatise on the economic, political, and cultural effects of a point when technology essentially makes humanity part of a post-scarcity economic; Halting State, by contrast, was a narrower work looking more immediately into our future.

Accelerando was, I think, technologically oriented, taking the reader to the further reaches of the technically possible and back again, with all the ramifications of said technology being simply assumed, alluded to, or—at best—covered briefly. Singularity Sky strikes me as more of a political or cultural commentary made possible in the context of fantastic futuristic technology, or in other words a more classical science fiction novel along the lines of Heinlein.

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Oil Panic and the Global Crisis Oil Panic and the Global Crisis by Steven M. Gorelick
Publisher: Wiley-Blackwell
Year: 2009
Pages: 256

Everybody knows something about the oil industry, or at least they think they do. Every summer, when the cost of gasoline rises in America, watercooler conversations are pregnant with from-the-hip remarks about the cause of high prices. It’s Bush, or it’s the war in Iraq, or it’s the CEO of Exxon—whatsisname, Scrooge McDuck. I’ve also received email forwards about such things as the Bakken formation, which is believed by people who don’t know any better to be a panacea for our oil needs.

In other words, the price of oil is on everybody’s mind, but no one actually seems to know much about it, and misinformation rushes to fill this vacuum, either of the “oil will run out next year” variety or the “nothing to see here; move along” variety. Oil Panic and the Global Crisis is the attempt of Steven Gorelick (a professor at Standford who devotes himself to the study of oil more or less full time) to summarize the state of knowledge about oil into as reader-friendly a format as possible.

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§5047 · March 25, 2010 · (No comments) · Tags: , , , ,

Confessions of an Economic Hitman Confessions of an Economic Hitman by John Perkins
Publisher: Plume
Year: 2004/2005
Pages: 303

I don’t recall at what point I became aware of John Perkin’s tell-all exposé on the seedy underworld of global politics, but while the idea was intriguing, it sounded a bit too exaggerated for my tastes, and I left it well enough alone. Finally, I could not resist the temptation to read this tome by Perkins, who is referred to as a “frothing conspiracy theorist” (more on this later) but praised by a multitude of readers.

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§4926 · January 29, 2010 · (No comments) · Tags: , , , , , ,