Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Archive for 24. Oktober 2015

Do poor countries really need more IT?

Posted by hkarner - 24. Oktober 2015

Maya Eden, Paul Gaggl 23 October 2015

Economist in the Macroeconomics and Growth Team of the Development Economics Research Group, World Bank

Assistant Professor of Economics in the Belk College of Business, University of North Carolina at Charlotte

Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »

The Myth of Basic Science

Posted by hkarner - 24. Oktober 2015

Date: 24-10-2015
Source: The Wall Street Journal

RidleyDoes scientific research drive innovation? Not very often, argues Matt Ridley: Technological evolution has a momentum of its own, and it has little to do with the abstractions of the lab

Innovation is a mysteriously difficult thing to dictate. Technology seems to change by a sort of inexorable, evolutionary progress, which we probably cannot stop—or speed up much either. And it’s not much the product of science. Most technological breakthroughs come from technologists tinkering, not from researchers chasing hypotheses. Heretical as it may sound, “basic science” isn’t nearly as productive of new inventions as we tend to think.

Suppose Thomas Edison had died of an electric shock before thinking up the light bulb. Would history have been radically different? Of course not. No fewer than 23 people deserve the credit for inventing some version of the incandescent bulb before Edison, according to a history of the invention written by Robert Friedel, Paul Israel and Bernard Finn. Den Rest des Beitrags lesen »

Posted in Books | Verschlagwortet mit: , , , , | Leave a Comment »

Schäuble’s Gathering Storm

Posted by hkarner - 24. Oktober 2015

Posted in Artikel | Verschlagwortet mit: , , , , , , , , , | Leave a Comment »

The euro-zone economy: Under threat

Posted by hkarner - 24. Oktober 2015

Date: 22-10-2015
Source: The Economist

A tepid recovery may get cooler

It could get messy after Malta

FOR much of the past five or so years, the euro area has been suffering from a toxic combination of economic, financial and political ailments, making it the main source of fragility in the global economy. That honour has now passed to emerging markets. Yet their difficulties are likely to impede what has in any case been an insipid recovery, making it harder for the euro zone to clamber out of deflation.

The European Central Bank (ECB) was not expected to announce extra monetary stimulus when its governing council met in Malta on October 22nd (after The Economist had gone to press). But many economists think it will act within a few months, maybe as early as December. The ECB’s most likely response would be to extend its programme of quantitative easing (QE)—creating money to buy mainly public assets—beyond September 2016, when it is currently scheduled to end. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , | Leave a Comment »