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Recent Posts
BEA Indicators- Personal Income and Outlays, January 2026 March 13, 2026
- GDP, (Second Estimate), 4th Quarter and Year 2025 March 13, 2026
- U.S. International Trade in Goods and Services, January 2026 March 12, 2026
- Outdoor Recreation Economic Statistics, U.S. and States, 2024 March 5, 2026
- GDP (Advance Estimate), 4th Quarter and Year 2025 February 20, 2026
- Personal Income and Outlays, December 2025 February 20, 2026
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Tianjin LED Energy Conservation Lighting Project
Several months ago I spent 2 days in Tianjin, China, working with the local government on economic development issues. Tianjin’s Governor, formerly head of the central bank, had initiated an experimental program allowing currency convertibility for local firms. He was … Continue reading
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A Shattered Peace By David A. Andelman
I have been reading a lot of evolutionary economics articles lately, shares with Austrian economics and historical economics the view that developments in economics are fundamentally path-dependent. This is the fundamental principal of non-equilibrium thermodynamics which was the subject of … Continue reading
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