Economy

Economy is a word used to described the market, as measured by imports and exports and overall productivity of a population, within a specific geo-political region.

Economics

Austrian School

The Austrian "School of Economics" (sometimes also referred to as Hayekians in honor of a champion of this school of thought Friedrich Hayek) holds that the complexity of subjective human choices makes mathematical modelling of the evolving market extremely difficult (or undecidable) and advocate a laissez faire approach to the economy. Austrian School economists advocate the strict enforcement of voluntary contractual agreements between economic agents, and hold that commercial transactions should be subject to the smallest possible imposition of forces they consider to be coercive (in particular the smallest possible amount of government intervention).

Keynesian

Keynesian economics (named after a champion of this school of thought John Maynard Keynes) argues that private sector decisions sometimes lead to inefficient macroeconomic outcomes and therefore advocates active policy responses by the public sector, including monetary policy actions by the central bank and fiscal policy actions by the government to stabilize output over the business cycle

Poverty

• The history of the end of poverty has just begun: https://ourworldindata.org/history-of-poverty-has-just-begun
• Canada's First Poverty Reduction Strategy: https://www.canada.ca/en/employment-social-development/programs/poverty-reduction/reports/strategy.html#h2.4
• Canada's Official Poverty Dashboard of Indicators: Snapshot, September 2020: https://www150.statcan.gc.ca/n1/pub/11-627-m/11-627-m2020065-eng.htm
• Fact Check - Poverty in New Brunswick: https://www2.gnb.ca/content/gnb/en/departments/esic/overview/content/fact_check_povertyinnewbrunswick.html

Tools

• Layoff tracker: https://layoffs.fyi/
• Tech Layoff Tracker: https://www.trueup.io/layoffs

• Canadian Mortgage Rates: http://www.canadamortgage.com/RatesShow/ShowRates.cfm
• Canadian Interest Rates: http://www.bankofcanada.ca/rates/ (Bank of Canada - Rates & Statistics)
• Basic Savings Calculator: http://msn.websol.barchart.com/?module=basicSavingsCalculator&lang=en
• Stay at Home Calculator (child minding .vs. working): http://www.todaysparent.com/stay-home-calculator

• Mortgage Calculator tool: http://www.calculatorsoup.com/calculators/financial/mortgage-calculator.php
• Mortgage Calculator tool (alternative): http://www.mortgage-site-tools.com/mortgage-calculators/mortgage-payment-calculator.php
• Complex/Detailed Mortgage Evaluation tool: http://www.howrealtorshelp.ca/mortgage-calculator.php
• Mortgage Analyzer: http://www.secureapp.com/tools/mortgage.html

Resources

• wikipedia: Group of Seven (commonly abbreviated G7)
• wikipedia: Shanghai Cooperation Organisation
• wikipedia: List_of_minimum_wages_by_country
• wikipedia: List of countries by external debt
• World-o-meters: https://www.worldometers.info
• Money as Debt: http://bcmoney-mobiletv.com/view/228/money-as-debt/
• US National Debt clock: https://usdebtclock.org/

• Central Intelligence Agency (CIA) -- FactBook - Population: https://www.cia.gov/the-world-factbook/field/population/country-comparison
• Central Intelligence Agency (CIA) -- FactBook - Population growth rate: https://www.cia.gov/the-world-factbook/field/population-growth-rate/
• Organisation for Economic Co-operation and Development (OECD): http://www.oecd.org/ | Better Life Index
• METI - Government of Japan strongly welcomes highly-skilled foreign professionals: http://www.meti.go.jp/english/policy/external_economy/professionals/index.html
• This Is What A GOOD (Technical 1-page) Resume Should Look Like:: http://www.careercup.com/resume
• A Driving Force No More - Have Canadians Reached Their Limit?: http://www.cga-canada.org/en-ca/ResearchReports/ca_rep_2011-06_debt-consumption.pdf
• Canada Savings Bonds (CSBs): http://www.csb.gc.ca/home/ | MyBonds
• Provincial/territorial tax rates for 2012: http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html#provincial
• Costs of raising a child: http://money.ca.msn.com/savings-debt/gallery/costs-of-raising-a-child
• Consumer food prices increase: http://www.statcan.gc.ca/pub/11-402-x/2010000/chap/prices-prix/prices-prix01-eng.htm
• World Beer Index 2021 - What’s the Beer Price in Your Country?: https://www.visualcapitalist.com/how-much-does-a-beer-cost-in-your-country/
• Investment in post-secondary - is it the best investment: http://www.td.com/document/PDF/economics/special/sf0911_education.pdf
• Top salaries at New Brunswick universities: http://www.cbc.ca/nb/interactives/universitysalaries/
• Ranking salaries of city officials: http://www.cbc.ca/nb/interactives/citysalaries/
• New Brunswick's debt and deficits, 1970-2012: http://www.cbc.ca/nb/interactives/deficit-chart/

• SunshineList: https://www.sunshinelist.ca (Ontario's list of those making 6 figures or more through public sector sources of funding - Government, Healthcare, Non-Profits, Not-For-Profits, Crown Corporations, etc)

• The Richest People in the World in 2022: https://www.visualcapitalist.com/richest-people-in-the-world-2022/
• WTF Happened In 1971?: https://wtfhappenedin1971.com (HINT: the WEF was founded in 1971)

Tutorials

• 14 Questions People Ask About How To Prepare For The Collapse Of The Economy: http://theeconomiccollapseblog.com/archives/14-questions-people-ask-about-how-to-prepare-for-the-collapse-of-the-economy
• What's really driving house prices in Canada? The must-see graph of the day: http://www.theeconomicanalyst.com/content/whats-really-driving-house-prices-canada-must-see-graph-day
• A Guide to Mortgage Interest Calculations in Canada: http://www.yorku.ca/amarshal/mortgage.htm

External Links

• wikipedia: Supply and demand
• wikipedia: List of countries by GDP (nominal)
• wikipedia: List of countries by GDP (PPP) per capita
• wikipedia: BRICS
• wikipedia: Stunted growth
• wikipedia: Gentrification
• wikipedia: STEM fields
• wikipedia: List of cities in Canada by median household income
• Recession-Plagued Nation Demands New Bubble To Invest In (JOKE): http://www.theonion.com/articles/recessionplagued-nation-demands-new-bubble-to-inve,2486/
• IT workers bore brunt of offshoring over past decade: http://www.zdnet.com/blog/service-oriented/it-workers-bore-brunt-of-offshoring-over-past-decade-analysis/8748
• Beware the Beijing model: http://www.economist.com/business/displayStory.cfm?story_id=13721724
• A network graph of Corporate America: http://blog.kiwitobes.com/?p=57
• Meet the Robots Reading Your Resume: http://mashable.com/2013/11/11/resume-robots/
• Health Statistics > Obesity (most recent) by country: http://www.nationmaster.com/graph/hea_obe-health-obesity
• PENSIONS -- Work Till You Drop – If You Have A Job: http://www.businessweek.com/investing/insights/blog/archives/2009/06/pensions_work_t.html
• Protests against Putin sweep Russia as factories go broke: http://www.guardian.co.uk/world/2009/jun/07/russia-putin-policies-protests
• Praying for a revolution in economics: http://www.guardian.co.uk/commentisfree/belief/2009/jul/11/economics-greenspan-neoclassical
• Rise of the Super-Rich Hits a Sobering Wall : http://www.nytimes.com/2009/08/21/business/economy/21inequality.html?pagewanted=1&_r=1&partner=rss&emc=rss
• The World's Billionaires: http://www.forbes.com/2009/03/11/worlds-richest-people-billionaires-2009-billionaires_land.html
• Austrian Recipe vs. Keynesian Fantasy: http://mises.org/story/3465
• Bailouts Insolvency vs. Liquidity, or Austrian vs. Keynesian Economics: http://www.marketoracle.co.uk/Article9899.html
• How to Survive in an Uncertain Economy (advice from Nobel Prize winner Gary Becker): http://moneywatch.bnet.com/career-advice/article/gary-becker-how-to-survive-in-an-uncertain-economy/331638/
• Why capitalism fails: http://www.boston.com/bostonglobe/ideas/articles/2009/09/13/why_capitalism_fails/?page=full
• It is Japan we should be worrying about, not America: http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/6480289/It-is-Japan-we-should-be-worrying-about-not-America.html
• Debt -- It's big in Japan: http://www.canadianbusiness.com/managing/strategy/article.jsp?content=20090914_10012_10012
• Consumers Turning to the Internet in This Challenging Economy: http://www.inquisitr.com/1329/consumers-turning-to-the-internet-in-this-challenging-economy/
• Good riddance to 2009: http://www.japantoday.com/category/commentary/view/good-riddance-to-2009
• Globalization Is Killing The Globe -- Return to Local Economies: http://www.opednews.com/articles/Globalization-Is-Killing-T-by-Thom-Hartmann-100208-651.html
• Collapse of the dragon: http://www.cavalierdaily.com/2010/02/11/collapse-of-the-dragon/
• Hayek.vs.Keynes - Fear the Boom & Bust: http://bcmoney-mobiletv.com/view/1398/hayek-.vs.-keynes-fear-the-boom-and-bust/
• Is America’s Economic Recovery On The Whole Based On A Rotten Sham?: http://www.dailymarkets.com/stocks/2010/04/20/is-americas-economic-recovery-on-the-whole-based-on-a-rotten-sham/
• The Bailout of Big American Banks Has Cost Trillions More Than We've Been Told: http://www.washingtonsblog.com/2010/05/700-billion-ha-real-costs-of-bailouts.html
• Middle class families face a triple whammy: http://www.telegraph.co.uk/finance/economics/7865154/Middle-class-families-face-a-triple-whammy.html
• The World's Biggest Debtor Nations: http://www.cnbc.com/id/30308959
• How many American jobs will Steve Jobs destroy?: http://www.zdnet.com/blog/government/how-many-american-jobs-will-steve-jobs-destroy/9139
• Japan Goes From Dynamic to Disheartened: http://www.cnbc.com/id/39709743/
• What Obama Should Tell Steve Jobs, Zuckerberg and Other Tech Executives: http://blogs.wsj.com/deals/2011/02/17/what-obama-should-tell-steve-jobs-zuckerberg-and-other-tech-executives/
• 5 Dollar Gas? Get Ready To Pay An Arm And A Leg For Gasoline (aka. Oil and its relationship to Depression/Recession): http://theeconomiccollapseblog.com/archives/5-dollar-gas-get-ready-to-pay-an-arm-and-a-leg-for-gasoline
• The Rule of Gold After The Financial Collapse: http://www.activistpost.com/2011/03/rule-of-gold-after-financial-collapse.html
• The Great American Bubble Machine: http://www.rollingstone.com/politics/news/the-great-american-bubble-machine-20100405
• My Advice to the Occupy Wall Street Protesters: http://www.rollingstone.com/politics/news/my-advice-to-the-occupy-wall-street-protesters-20111012
• Here Are The Four Charts That Explain What The (Occupy Wall Street) Protesters Are Angry About: http://www.businessinsider.com/here-are-the-four-charts-that-explain-what-the-protesters-are-angry-about-2011-10
• IT career - What's hot (cloud computing) and what's not (Tech Certifications): http://www.techrepublic.com/blog/career/it-career-whats-hot-cloud-computing-and-whats-not-tech-certs/1696
• Overseas Housing and Living Options -- Creative alternatives to buying or renting: http://www.escapefromamerica.com/2010/09/live-overseas-without-having-to-rent-or-buy-real-estate/
• 4 cheaper housing alternatives: http://realestate.msn.com/article.aspx?cp-documentid=13107833
• The Financial Crisis Was Foreseeable … Thousands of Years Ago: http://www.washingtonsblog.com/2012/07/the-financial-crisis-was-foreseeable-thousands-of-years-ago.html
• We Have Forgotten What the Ancient Sumerians and Babylonians, the Early Jews and Christians, the Founding Fathers and Even Napoleon Bonaparte Knew About Money: http://www.washingtonsblog.com/2011/07/we-have-forgotten-what-the-ancient-sumerians-and-babylonians-the-early-jews-and-christians-the-founding-fathers-and-even-napoleon-bonaparte-knew-about-money.html
• Why Does Canada Have a Strategic Maple Syrup Reserve?: http://www.theatlantic.com/business/archive/2012/09/why-does-canada-have-a-strategic-maple-syrup-reserve/261869/
• Countries with the most billionaires: http://money.ca.msn.com/savings-debt/gallery/countries-with-the-most-billionaires
• CHINA’S RICH ARE GETTING POORER IN NEW HURUN RICH LIST: http://www.hurun.net/usen/NewsShow.aspx?nid=349
• Does your spouse give you monthly allowance?: http://www.everydaymoney.ca/2012/10/does-your-spouse-give-you-an-allowance-each-month-.html
• HuffPo’s 11 Myths About the Fed, Refuted: http://www.libertyclassroom.com/huffpos-11-myths-about-the-fed-refuted/
• Productivity and Employment — A Structural Change?: http://econfuture.wordpress.com/2011/06/07/productivity-and-employment-a-structural-change/
• Will China Ditch Mao To Save The Party?: http://asiaconf.com/2012/11/10/will-china-ditch-mao/
• Does China Plan To Establish “China Cities” And “Special Economic Zones” All Over America?: http://theeconomiccollapseblog.com/archives/does-china-plan-to-establish-chinese-cities-and-special-economic-zones-all-over-america
• The Federal Reserve Is Paying Banks NOT To Lend 1.8 Trillion Dollars To The American People: http://theeconomiccollapseblog.com/archives/the-federal-reserve-is-paying-banks-not-to-lend-1-8-trillion-dollars-to-the-american-people
• How to do the one thing interviewers just wish you would frikkin' do before going to an Interview: http://www.workopolis.com/content/advice/article/how-to-do-the-one-thing-interviewers-just-wish-you-would-frikkin-do/ (HINT: research the company, its business, markets & challenges, then think of solutions)
• The Salary You Need to Buy a Home in Provinces/Cities Across Canada: http://www.rentseeker.ca/blog/index.php/the-salary-you-need-to-buy-a-home-in-cities-across-canada/1829
• Coronavirus Could Impoverish Half A Billion More People, Oxfam Says: https://www.forbes.com/sites/carlieporterfield/2020/04/09/coronavirus-could-impoverish-half-a-billion-more-people-oxfam-says/
• Death, downturn and dramatic digitalisation – COVID-19's legacy-to-be: https://blog.codecentric.de/en/2020/04/death-downturn-dramatic-digitalisation-legacy-covid-19/
• Why the Covid-19 economy is particularly devastating to millennials, in 14 charts: https://www.vox.com/2020/5/5/21222759/covid-19-recession-millennials-coronavirus-economic-impact-charts
• New Brunswick reveals $300M deficit projection in better-than-expected fiscal update: https://www.cbc.ca/news/canada/new-brunswick/new-brunswick-financial-update-deficit-covid-19-1.5579818
• Why millions of dollars in pandemic aid are going to corporations making healthy profits: https://www.cbc.ca/news/canada/montreal/cews-wage-subsidy-jobs-covid-1.5834790
• wikipedia: GameStop short squeeze
• GameStop short seller says he’s being threatened by its investors: https://nypost.com/2021/01/22/gamestop-short-seller-says-hes-being-threatened-by-its-investors/
• Tilray CEO, whose stock spiked 1,400% in a 2018 short squeeze, issues a warning to GameStop, AMC bosses: https://www.cnbc.com/2021/01/27/tilray-ceo-brendan-kennedy-issues-a-warning-to-gamestop-amc-bosses.html
• Barstool Sports’ Dave Portnoy on GameStop stock chaos: ‘I love it!’: https://nypost.com/2021/01/28/dave-portnoy-of-barstool-sports-loves-gamestop-stock-chaos/
• Dave Portnoy rages over blocked stocks: ‘I’ll burn @RobinhoodApp to the ground’: https://nypost.com/2021/01/28/dave-portnoy-rages-tweets-at-robinhood-over-blocked-stocks/
• Robinhood CEO refutes GameStop hedge fund 'conspiracy theory' and reveals what actually happened (blames « Clearing Houses / regulations »): https://apple.news/ArwF46cb6QSG7O3G5pR6IjQ
• Class-action lawsuit filed against Robinhood following outrage over GameStop stock restriction: https://www.cnn.com/2021/01/28/investing/lawsuit-robinhood-gamestop-wallstreetbets/index.html
• New class action against Robinhood alleges oligopoly manipulation: https://cointelegraph.com/news/new-class-action-against-robinhood-alleges-oligopoly-manipulation
• Sunk Cost Fallacy: https://dzone.com/articles/sunk-cost-fallacy-1
• The housing boom is ripping apart the financial fabric of Canadian life: https://www.theglobeandmail.com/opinion/article-the-housing-boom-is-ripping-apart-the-financial-fabric-of-canadian/
• 'Big reset' called for debt-ridden N.L. with release of ground-shaking economic report: https://www.cbc.ca/news/canada/newfoundland-labrador/report-greene-recovery-1.6016005
• Homesteading lifestyle making a comeback in New Brunswick: https://www.cbc.ca/news/canada/new-brunswick/homesteading-comeback-lifestyle-pandemic-1.6013649?cmp=rss
• Two economies. Two sets of rules. Elon Musk isn’t superman... he does have supermoney: https://www.oreilly.com/radar/why-elon-musk-is-so-rich/
• Ratio of inventory to sales from 1946 to 2021: https://twitter.com/RealGeneKim/status/1418272644755910659
• ECONOMIC DEVELOPMENT QUARTERLY (November 2004, Hall) -- “We’d Have to Sink the Ships” - Impact Studies and the 2002 West Coast Port Lockout: https://www.sfu.ca/~pvhall/pdfs/pvhall_edq_2004.PDF
• Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change: https://www.zerohedge.com/markets/here-hidden-150-trillion-agenda-behind-crusade-against-climate-change
• Int'l community recognizes China-proposed ecological philosophy, urges bold global actions: http://www.news.cn/english/2021-10/16/c_1310247836.htm
• Serious financial problems afflict 40% of US households in recent months: https://www.theguardian.com/us-news/2021/oct/12/us-households-financial-problems-medical-care-food
• Are You Prepared For The Mass Repricing Of Goods And Services?: https://www.zerohedge.com/personal-finance/are-you-prepared-mass-repricing-goods-and-services
• It's next to impossible to pay the rent working full time for minimum wage, new report calculates: https://www.cbc.ca/news/business/ccpa-rents-minimum-wage-1.5216258
• U.S. Tech Salaries Grow, But Not For Everyone -- Gender and race gaps widen even as tech booms: https://spectrum.ieee.org/engineer-salary

• Five charts explaining why inflation is at a 40-year high (to kick off 2022): https://www.washingtonpost.com/business/2022/inflation-charts/
• Why a Fancy Chicken Dinner Costs the Same as a 42-inch TV: https://www.wealthsimple.com/en-ca/magazine/inflation-whats-cheap-vs-expensive (also compares Condo cost to Cameras, Dentist visit to Toys)
• Majority of workers who quit a job in 2021 cite low pay, no opportunities for advancement, feeling disrespected: https://www.pewresearch.org/fact-tank/2022/03/09/majority-of-workers-who-quit-a-job-in-2021-cite-low-pay-no-opportunities-for-advancement-feeling-disrespected/
• America’s Highest Earners And Their Taxes Revealed: https://projects.propublica.org/americas-highest-incomes-and-taxes-revealed/
• That costs what?! A look at how much some consumer prices went up in the last year: https://www.sootoday.com/around-ontario/that-costs-what-a-look-at-how-much-some-consumer-prices-went-up-in-the-last-year-5283141
• Rents are rising everywhere in North America - see how much with lookup tool: https://www.washingtonpost.com/business/interactive/2022/rising-rent-prices/
• Canadian Cash circulation reaches 60-year high, now what to do with it: https://www.theglobeandmail.com/investing/markets/inside-the-market/article-canadian-cash-in-circulation-reach-60-year-high/
• U.S. Consumer Debt Approaches $16 Trillion: https://www.visualcapitalist.com/us-consumer-debt-16-trillion/
• This is how much debt is normal for your age: https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-this-is-now-much-debt-is-normal-for-your-age/
• Moncton one of the least affordable Canadian cities for young people, study finds: https://www.cbc.ca/news/canada/new-brunswick/moncton-least-affordable-study-1.6474224
• Bank of Canada says some Canadians could see mortgage payments jump by 45% in 2025-26 as rates rise: https://financialpost.com/news/economy/bank-of-canada-financial-system-review-mortgage-payments

• The $100 Trillion Global Economy in One Chart (INFOGRAPHIC): https://www.visualcapitalist.com/100-trillion-global-economy/

See Also

Business | Finance