Category Archives: prices

We now better account for intellectual property and intangible assets

On July 31, 2013, the Bureau of Economic Analysis revised the way it measures GDP, with the goal first and foremost “to better measure the effects of innovation and intangible assets on the economy.” Specifically, this means, among other things, … Continue reading

Posted in accounting, advanced capitalism, intangible assets, intellectual property, macro-economics, prices, qualitative sociology of economics and politics, sociology, the database, the price mechanism | Leave a comment

The economics of intellectual property: the problem of valuation

A pretty remarkable contribution from the Wall Street Journal op-ed page today. The subject was the economics of intellectual property, prompted by a coming change to the way the US will measure gross domestic product (GDP). The reason for the … Continue reading

Posted in accounting, advanced capitalism, intangible assets, intellectual property, macro-economics, main themes of blog, prices, qualitative sociology of economics and politics, sociology of business, theoretical drivel | 1 Comment

the problem of middle-class spending power: a few comments

The last five years we have witnessed a historic de-leveraging in the private sector. This process was part of a large economic contraction overall. The collective response was (a) creative and explosive monetary expansion combined with (b) politicized fiscal standoff. … Continue reading

Posted in 2007-2012, an actually thriving labor market, debt, money and finance, money velocity, politics, prices, the great contraction, the great contraction 2007-2012 | Leave a comment

Facebook monetizes key service

The ability to contact another person whom you’ve never met and doesn’t yet know you: this is a pretty valuable service to provide. How valuable? We shall see. Facebook announced it will start charging a fee for members to send … Continue reading

Posted in Facebook, intangible assets, intellectual property, prices, Symbolic data, the database, theoretical drivel | Leave a comment

The US “oil and gas boom” is now a fact: Politico said it

This new Politico article is interesting for many reasons, but what stands out to me is the article’s signal that an “oil and gas boom” is now a fact of US society (link). It states: The explosion of domestic natural … Continue reading

Posted in an actually thriving labor market, economic recovery, macro-economics, money velocity, prices, the great contraction, the great contraction 2007-2012 | 1 Comment

Martin Wolf on how to address the private debt problem

Keep in mind Wolf is addressing the de-leveraging of private debt, not public debt, which usually gets all the headlines. But to me public debt is not nearly as complex a problem as it is made out to be, due … Continue reading

Posted in 2007-2012, macro-economics, money and finance, prices, the great contraction, the great contraction 2007-2012 | Leave a comment

Where is the price of oil going?

I think we are at a point at which oil conceivably has two very different possible price futures. I could see the price go upward: amid deteriorating circumstances in the Middle East, the continuation of rising demand in the developing … Continue reading

Posted in macro-economics, prices | Leave a comment