http://davidcarrier.org/blog Discussion and feedback about economic issues, policies, and priorities Sun, 14 Jun 2009 15:08:17 +0000 http://backend.userland.com/rss092 en The Macroeconomic Benefits of Cooperative vs. Capitalist Ownership Mondragon: A Better Way to Work? Abstract: A computer model linking national income and product accounts, input-output structure, the labor market, and consumption data for the U.S. economy is used to compare the effectiveness of traditional macroeconomic policies and alternative forms of ... http://davidcarrier.org/blog/2009/06/14/the-macroeconomic-benefits-of-cooperative-vs-capitalist-ownership/ An Empirical Model of the Investment–Finance Link and Implications for Public Policy ABSTRACT: Investment is the primary engine of growth in capitalist economic systems. Investment in plant and equipment leads to growth in output and employment, which results in a higher level of income that is respent by consumers, further ... http://davidcarrier.org/blog/2009/01/16/an-empirical-model-of-the-investment%e2%80%93finance-link-and-implications-for-public-policy/ The Economic Impact of Energy and Environmental Policies Affecting U.S. Electric Utilities ABSRACT: Utilities generally have in-house models that adequately forecast electricity demand, costs, and revenues in the near term, and facilitate decision-making regarding power supply and resource allocation. The model presented here provides the capability to forecast long-term electricity demand ... http://davidcarrier.org/blog/2009/01/16/the-economic-impact-of-energy-and-environmental-policies-affecting-us-electric-utilities/ Institutional Investment Theory Abstract: The financial instability hypothesis and effects on investment and output cycles are conceptually related in institutional theory, though not explicitly. This paper establishes an explicit connection by relating the characteristics and behavior of institutions and economic agents that are associated with investment financing, and then examining their ... http://davidcarrier.org/blog/2009/01/16/institutional-investment-theory/ Has Chaos Killed the Auctioneer? Abstract: An overview of the ways in which chaos theory has been applied to the analysis of macroeconomic time series is provided. Econometric techniques that attempt to reveal chaos in an apparently random time series overlook fundamental characteristics of chaos which defy analysis, such ... http://davidcarrier.org/blog/2009/01/16/has-chaos-killed-the-auctioneer/ Industrial Restructuring, Financial Instability, and the Dynamics of the Postwar U.S. Economy ABSTRACT: The transition from a manufacturing to a service economy has opened new frontiers of economic opportunity, but it has also been associated with a great deal of volatility in financial markets, job layoffs, and social stress. When this ... http://davidcarrier.org/blog/2009/01/16/industrial-restructuring-financial-instability-and-the-dynamics-of-the-postwar-us-economy/ Some people question whether climate change is really happening, and whether or not it is caused by human activity. I believe it’s one of the most serious environmental threats we have ever faced. Extreme weather events such as Hurricane Katrina and this year’s “500-year flood” in the Mississippi watershed are ... http://davidcarrier.org/blog/2008/10/14/is-climate-change-real/ Are you worried about the global financial meltdown and its anticipated effects on the local economy? We are already seeing mass layoffs in manufacturing and financial services nationwide, and this will have ripple effects here in Washington. We’ll lose a lot of jobs in the coming recession, but fortunately we’ll ... http://davidcarrier.org/blog/2008/10/08/energy-independence-can-rebuild-the-local-economy/ We are in the midst of the worst financial crisis since the Great Depression. The commercial and investment banking business was deregulated throughout the 1980s and 90s with the promise that it would lead to greater prosperity. Investors invented fancy new financial instruments to distribute and disguise the risk, and ... http://davidcarrier.org/blog/2008/09/29/the-financial-meltdown-what-went-wrong-and-who-will-pay/ The economy is a mess and it seems not enough is being done about it. The price of oil peaked at 3 times the price it was when President Bush took office. We have a global financial crisis that keeps getting worse, and the stock market and the dollar have ... http://davidcarrier.org/blog/2008/09/22/labor-issues/