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On Social Democracy, GDP/Capita and Disposable Income
11 January 10 05:51 PM | mrdecav | with no comments
I'm sitting here on a short trip to Munich, and just read Greg Mankiw's latest post regarding today's New York Times article by Paul Krugman regarding European Social Democracy and the pending US healthcare reform. Paul Krugman essentially...
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Market Failure? China, pollution and real GDP
07 May 09 01:22 PM | mrdecav | 1 comment(s)
While doing some reading on Chinese quality of life and pollution last week, I noticed some interesting figures released by the WorldBank. The estimated cost to GDP of pollution emitted by China is a total of 5.8%. That's rediculously high; every...
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On Compensation in Finance
05 February 09 10:55 PM | mrdecav | 4 comment(s)
This post is part of a series of essays on things unrelated to software development. You can find all the essays here. The compensation structures on Wall Street have long been criticized as excessive, lavish and unnecessary. Banks have consistently justified...
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