Economists on jobs and other links
Just a reminder, I will be on BBC Radio Five Live sometime around noonish tomorrow ET. I will post the links to my BNN piece from last week later today.
The topic of today is jobs. There were a number of posts in which economists and media outlets mentioned jobs. The two that I found most interesting (but also somewhat discouraging) were the ones on zero marginal product and job training. You’ll see them in the topic of the day list below.
My overall take from them is the same one I had regarding eastern Germany. Stimulus is no panacea in a situation where the economy is ‘recalculating.’ Time seems to be a critical factor in redeploying resources that allow people to find jobs. meanwhile people suffer. is there anything government can do about that? These two articles suggest not as much as we would like
Topic of the day: Jobs
- The New Poor – Job Training Struggles to Keep Pace in an Economy in Flux – NYTimes.com
- Marginal Revolution: Zero marginal product workers
- FT.com – Larry Summers – America’s sensible stance on recovery (should be about jobs, not deficits)
- Marginal Revolution: What Germany knows about debt
- Economist’s View: Is Galbraith Right that Deficits are Never a Problem?
- More Stimulus Despair – Paul Krugman Blog – NYTimes.com
- FT.com – Martin Wolf – Why the battle is joined over tightening
The Usual Fare
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About Edward Harrison
Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College. Edward also writes a premium financial newsletter. Sign up here for a free trial.
