Neoclassical Growth Model – Intersindical RTVV Sun, 19 Sep 2021 02:14:18 +0000 en-US hourly 1 Neoclassical Growth Model – Intersindical RTVV 32 32 Eddie Van Halen could have a new park in Pasadena named after him Sat, 18 Sep 2021 12:40:25 +0000

Shortly after Eddie Van Halen’s death last fall, discussions in the city of Pasadena, California, where Eddie grew up, began on how to properly honor the great guitarist and his connection to the community. . Now, it looks like Van Halen is considering having a local park named after him, with the vote ultimately having a strong influence on the park’s name.

The City of Pasadena Public Works Department has set up a voting page that is currently online and will remain open until 4 p.m. PT on Friday, September 24, with Eddie Van Halen Park (or the variant Edward Van Halen Memorial Park) under study.

It should be noted that Van Halen is not the only candidate on the ballot as cases have been presented for other residents of importance to the Pasadena community. There is also a tab allowing voters to consult the justifications for each of the park names under consideration. Under the rationale of Eddie Van Halen Park, the following are listed:

American musician and composer. He was the lead songwriter and guitarist of the American rock band Van Halen, which he co-founded in 1972 with his brother, drummer Alex Van Halen, bassist Mark Stone and singer David Lee Roth. He is considered one of the greatest guitarists of all time in rock history and was well known for popularizing the technique of solo guitar tapping, allowing fast two-handed arpeggios to be played on the neck. Eddie Van Halen moved to Pasadena in 1962 and attended Pasadena Elementary School.

After the poll closes, the votes will be counted by the Recreation and Parks Commission, with a recommendation for the official park nomination to be made to city council. Construction of the park will begin soon, which would have an open space for informal recreation, relaxation and community gatherings, a children’s play area with shade structures, public toilets, a 48-space car park and a children’s park. dogs.

Although born in Amsterdam, the Van Halen family moved to the United States in 1962 and settled in Pasadena near other family members. Eddie and his brother Alex attended school in Pasadena and the brothers formed their first school group in Pasadena while Eddie was still in fourth grade. Eddie and Alex will form their first official group in 1972.

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Sycas Hospitality opens a fourth company in London Fri, 17 Sep 2021 05:57:14 +0000

After the opening of The Lincoln Suites Apartheid on August 31, hotel management company Sycamore Hospitality continues to grow in London by offering the addition of three other apartments already open in the British capital.

Located in the Holbourne district of Westminster on the outskirts of London and Camden County, the Lincoln Suites Apartment has excellent access: a five-minute walk from tube stations. It has 28 luxury rooms and 26 studios with underfloor heating, smart flat-screen TV, nespresso machines, top-of-the-range toilets. Animals are accepted here. The property is part of the Eastern and Oriental (E&O) group and offers contemporary styling in a 1920s neoclassical building.

Earlier this year, Sykes Hospitality took over management of the 20-apartment Stow-Away Waterloo hotel and opened in June 2021 at the 280-room Hyatt Place London City East White Chapel.

Sycas Hospitality is a European hotel management company founded in 2008 which manages traditional hotels and long-term hotel accommodation. It recorded strong growth throughout Europe with one hotel opening per month from the second half of 2020: Hyatt Place and Hyatt House Paris Charles de Gaulle Hotel Combo in October 2020), April 2021 at the Marriott Brussels Airport Residence.

The company plans to double the portfolio of multi-brand hotels in the UK and Europe within two years. Sycos Hospitality has succeeded in positioning itself as a benchmark hotel operator with major international brands. He notably helped IHG, Hyatt and Marriott build their dual brand hotel concept in Europe and welcomed Accor and Radisson Hotel Group to its portfolio for two years.

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The ballet performance market will experience lucrative growth from Wed, 15 Sep 2021 07:55:00 +0000

(United States, OR Poland): The Ballet Performance market report is composed of major and minor players describing their geographic footprint, product and service, business strategies, sales and market share, as well as recent developments, among others. Furthermore, the Ballet Performance report highlights the numerous strategic initiatives such as product launches, new business deals and collaborations, mergers and acquisitions, joint ventures and technological advancements that have been implemented by key players in the market. market to establish itself firmly in Ballet Performance. industry.

The Global Ballet Performance Market Report provides current and upcoming technical and financial details of the industry. The report contains in-depth analysis of the market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape. This report explores all the key factors affecting the growth of the global market including supply and demand scenario, price structure, profit margins, production, and value chain analysis. The study involves intensive use of primary and secondary data sources.

Request a sample holistic PDF copy of the Ballet Performance Marketplace with numbers, charts, and executive briefs:

The Ballet Performance market research study provides details of market dynamics affecting the market, market size and segmentation, and casts a shadow over major market players by highlighting the favorable competitive landscape and successful trends over the years. This Ballet Performance Market report also exhibits the detailed profile of key industry players and their upcoming market strategies and recent developments over the forecast period 2021-2030. The market research clarifies the major market players especially wholesalers, distributors and businessmen by industry chain structure

The market players were discussed and the profiles of the major players including the major key companies:
Bolshoi Ballet
Paris Opera Ballet
New York Ballet
American Ballet Theater (ABT)
Mariinsky Theater
American repertoire ballet
Vienna State Ballet
The Royal Ballet
Tokyo ballet
The National Ballet of China
The Australian Ballet
Hong Kong Ballet

The process begins with internal and external sources to obtain qualitative and quantitative information related to the ballet performance market. It also provides an overview and forecast for the ballet performances market based on all the segmentation provided for the global region. The predictions highlighted in the Ballet Performances market share report were derived using verified research procedures and hypotheses. In doing so, the Big Market Research report serves as a repository of analysis and information for each component of the Ballet Show market.

NOTE: Our report highlights the top issues and dangers that businesses could face as a result of the unprecedented COVID-19 outbreak.

Highlights of the impact assessment of Covid-19:

Economic consequences of the pandemic
Supply and demand shocks
Scope of industry compensation during and after the pandemic

Why select this report:

A comprehensive analysis of market dynamics, market status, and competitive view of the Ballet Performance Market is offered.
The forecast trends of the global ballet entertainment industry will present the market drivers, restraints and growth opportunities.
The five year forecast view shows how the market is expected to grow in the coming years.
All the vital verticals of the global ballet performance market are presented in this study such as product type, applications, and geographies.

Talk to Our Analyst / Request Profitable Discount in Ballet Performance Market and get more insight into this report:

The ballet performance market is also characterized by a very complex value chain involving product manufacturers, material suppliers, technology developers and manufacturing equipment developers. Partnerships between research organizations and industry players help streamline the path from laboratory to commercialization. In order to take advantage of the first-mover advantage as well, companies must collaborate with each other to develop unique, innovative and profitable products and technologies.

The report includes segmentation by region North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia and Italy), Asia Pacific (China, Japan, Korea, India and South Asia -East), South America (Brazil, Argentina, Colombia, etc.), Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa) market. In the regional segmentation, the regions dominating the Ballet Show market are included along with the regions where the market growth is slow.

By Product Type, the Dance Performance Market is majorly split in 2020-2025:
Classical ballet show
Neoclassical ballet performance
Contemporary ballet show

By end users / application, the Ballet Performance Market report covers the following segments 2020-2025:
Under 18
18-34 years
35-50 years
Over 50 years

In conclusion, this report is a single point of reference for industrial stakeholders to obtain the Ballet Performances Market forecast till 2025. This report helps to know the estimated market size, market status, development. future, growth opportunities, challenges and growth drivers by analyzing historical aggregate data of the considered market segments.

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Mr. Abhishek Paliwal
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Steve Vai reveals massive 54-date US tour in 2022 Tue, 14 Sep 2021 15:16:47 +0000

Great guitarist Steve Vai will hit the road in early 2022 and he’s making the most of the race with 54 dates set aside to kick off the year.

The “Inviolate World Tour” kicks off on January 27 at the House of Blues in Las Vegas with Vai covering the United States before returning home for a finale on April 2 at the Ace Hotel Theater in Los Angeles.

The tour comes as Vai used the pandemic downtime to work on a new studio album. At this time, the release of the disc has not been announced, but those details will be coming soon. The race will also feature Vai performing alongside her ensemble members Dave Weiner (guitar / keys), Philip Bynoe (bass) and Jeremy Colson (drums).

Speaking of the long run, Vai shares, “An artist thrives while playing. This has been my life for the last 49 years except for the last two years so we try hard to go out and play for people. A music concert has the ability to dissolve the many challenges we face and celebrate one of the finer things in life, live music.

Along with a new album, Vai also took advantage of the downtime to take care of several other things. He underwent shoulder and hand surgery last year, but has shown he is still quite capable of one-handedly playing a new song called “Knappsack” that has hit the internet. He also started a Patreon page where he provided viewers with an hour-long Q&A and shared his “Alien Guitar Secrets Live” series by breaking down songs from his catalog and showing viewers playing techniques. He has also been a part of the outspoken series “Under It All: Hard Questions”, addressing a variety of topics posed by viewers. For a monthly commitment of $ 5, you can claim the bonus content on his Patreon account.

As for the next tour, the general on sale date will be this Friday (September 17), but there is also a VIP presale starting tomorrow (September 15). For more ticketing information, visit Vai’s website, while there are also VIP package options at this location. Check out all the tour dates for the American race below.

Steve Vai “Inviolate World Tour” 2022 US Tour Dates

January 27 – Las Vegas, Nevada @ House of Blues
January 28 – El Cajon, CA @ The Magnolia
January 29 – Riverside, CA @ Fox Performing Arts Center
January 30 – Phoenix, Arizona @ Celebrity Theater
February 01 – Salt Lake City, Utah @ The Rockwell at The Complex
February 02 – Boulder, Colorado @ Boulder Theater
February 04 – Oklahoma City, Oklahoma @ Tower Theater
February 05 – Austin, Texas @ Paramount Theater
February 06 – Dallas, Texas @ House of Blues
February 08 – Houston, Texas @ House of Blues
February 09 – San Antonio, Texas @ The Aztec Theater
February 11 – Birmingham, Alabama @ Lyric Theater
February 12 – Macon, GA @ Hargray Capitol Theater
February 14 – Atlanta, Georgia @ The Eastern
February 15 – Clearwater, Florida @ Bilheimer Capitol Theater
February 16 – Orlando, FL @ The Plaza Live
February 17 – Ft. Lauderdale, Florida @ The Parker
February 18 – Ponte Vedra Beach, Florida @ Ponte Vedra Concert Hall
February 19 – Charlotte, NC @ The Fillmore Charlotte
February 21 – Charleston, SC @ Charleston Music Hall
February 22 – Alexandria, Virginia @ The Birchmere
February 23 – Glenside, PA @ Keswick Theater
February 24 – Red Bank, NJ @ Count Basie Theater
February 25 – Huntington, NY @ The Paramount
February 26 – Port Chester, NY @ The Capitol Theater
February 27 – Providence, RI @ The Strand
March 01 – New Haven, CT. @ College Street Music Hall
March 02 – Boston, Massachusetts @ The Wilbur
March 03 – Albany, NY @ The Egg
March 04 – Rochester, NY @ Kodak Center
March 05 – Harrisburg, PA @ Sunoco Theater
March 06 – Greensburg, PA @ Palace Theater
March 08 – Warren, Ohio @ Packard Music Hall
March 09 – Detroit, Michigan @ Masonic Cathedral Theater
March 10 – Morgantown, WV @ Metropolitan Theater
March 11 – Louisville, Ky. @ Old Forester’s Paristown Hall
March 12 – Nashville, Tenn. @ CMA Theater
March 13 – St. Louis, Missouri @ The Pageant
March 15 – Chicago, Illinois @ Copernicus Center
March 16 – Milwaukee, Wisconsin @ Pabst Theater
March 17 – St. Paul, Minn. @ Fitzgerald Theater
March 18 – Kansas City, Missouri @ The Uptown Theater
March 19 – Lincoln, Neb. @ Bourbon Theater
March 20 – Des Moines, Iowa @ Hoyt Sherman Place
March 22 – Sioux Falls, SD @ The District
March 23 – Fargo, ND @ Fargo Theater
March 25 – Billings, Mont. @ Alberta Bair Theater
March 26 – Bozeman, Mont. @ THE ELM
March 27 – Missoula, Mont. @ La Wilma
March 28 – Seattle, Washington @ Moore Theater
March 29 – Portland, Oregon @ Roseland Theater
March 31 – Turlock, CA @ Turlock Community Theater
April 01 – Napa, CA @ Uptown Theater Napa
April 02 – Los Angeles, CA @ The Theater at Ace Hotel

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Ballet Performance Market 2021 Global Business Opportunities Fri, 10 Sep 2021 15:01:00 +0000

Ballet shows market

Ballet performance research studies provide a brief overview of recent advancements, manufacturing, pilots, competition, and political action. It contains forecasts, a detailed list of assumptions and methods, historical data and forecasts, as well as a detailed list of drivers and constraints. This study examines the financial market environment and assesses competition in local and global markets. The analysis highlights the growth potential of the global ballet performance industry during the forecast period.Request a Sample Report @

The following actors are covered in this report:

Bolshoi Ballet
Paris Opera Ballet
New York Ballet
American Ballet Theater (ABT)
Mariinsky Theater
American repertoire ballet
Vienna State Ballet
The Royal Ballet
Tokyo ballet
The National Ballet of China
The Australian Ballet
Hong Kong Ballet

The report also includes information on strategic alliances, new product releases, projects, agreements, partnerships, and major market players along with drivers, restraints, and opportunities. . It provides businesses, customers, buyers, traders, service providers and distributors with a useful tool to assess the ballet performance market.

Market segmentation
Ballet Performance Breakdown Data by Type
Classical ballet show
Neoclassical ballet performance
Contemporary ballet show

Ballet Performance Breakdown Data by Application
Under 18
18-34 years
35-50 years
Over 50 years

The ballet performances market is divided into three categories: type, supplier, and application for better understanding of market size, climate, growth and development. Global market studies also provide information about product categories within target market and based on various organizational goals, such as product segmentation, production volume, positioning, etc. product definition, product requirements and financial data.

Request this report @

The study of the Ballet Show industry provides the in-depth study of the application area of ​​the target market. This study focuses on technologies in the market that were popular in the past and are expected to become popular in the future. Industry overview, definitions, product specifications, market penetration, and maturity analysis are all included in the Ballet Performance Market research. The market size and growth rate for the forecast period are also explained in detail.

The evaluation and interpretation of field reports on ballet performances increasingly depend on regional surveys. This report comprises of specific core skills as major companies in industry are analyzed using primary and secondary sources to determine market sales. This study studies and analyzes several factors that influence the growth of a region, including the financial, cultural, social, technical and political conditions of the region. This chapter describes globalization in the world and in the field of various transactions. Likewise, this survey provides a credible amount of research by country and analysis of the industry’s market share by region.

Competitive outlook
The study also calculates the size of the sector, based on the characteristics of the main players in the sector. This research covers their core skills as well, as major industry players are analyzed using secondary and primary sources to determine market revenue. Top-down tactics from large companies are incorporated into this market research. This part of the article lists the number of major suppliers active in the ballet performance market. The survey includes a summary of the market competition among the major players, along with market prices and channel characteristics.

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Phone number: +44 208 638 5991

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Intelligence Market Report includes a comprehensive overview of statistical survey reports from many distributors around the world. We boast of an information base spanning virtually all market classifications and a much more comprehensive assortment of statistical survey reports under those classifications and sub-classifications. Also offers premium reform factual research, statistical survey reports, surveys and evaluation information for businesses and governments around the world.

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Motley Crue’s Vince Neil Undergoes Fat Burning Treatment Fri, 03 Sep 2021 19:08:46 +0000

Vince Neil is trying to get in better shape for the highly anticipated Motley Crue Stadium Tour in 2022 with Def Leppard. On the singer’s Instagram, he posted a video of him in the middle of a session with an Emsculpt Neo.

The Emsculpt Neo apparently emits high intensity radio frequencies and electromagnetic energies to reduce fat and encourage muscle growth. “In less than 4 minutes, the temperature of the subcutaneous fat reaches levels that cause apoptosis, that is, the fat cells are permanently damaged and slowly eliminated from the body,” says a description. .

Vince filmed himself doing some workouts in his home gym before he started talking about the Emsculpt Neo. He also wrote “Try everything! Check out Emsculpt Neo Abs, they say it’s 20,000 crunches in just 30 minutes !!” and tagged #emsculptpartner with the product tagline #moremusclelessfat, so the whole video could just be a business opportunity.

Vince Neil has toured solo throughout the summer, receiving mixed reviews for his vocals. Neil cut his first gig since the pandemic short after exploding his voice on stage in Iowa, but returned to the stage in August with a better overall performance.

Neil has plenty of time to prepare for the Motley Crue Stadium Tour, which kicks off June 16 in Atlanta, Georgia. See the full list of dates here.

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The Evolution of American Capitalism by William H. Janeway Fri, 27 Aug 2021 08:48:00 +0000

Although the American economic system has undergone significant changes since colonial times, there are identifiable threads that run through the centuries-old narrative. Chief among these are the themes of “liquidity” and state action – both of which can be a blessing or a curse.

CAMBRIDGE – Jonathan Levy, historian at the University of Chicago, is a leader of the nascent movement to place capitalism at the heart of the American experience. His major new work provides a framework for reading American history over 400 years and a theme to explain its conflicts and crises. Ages of American Capitalism is an exceptional work of scholarship and storytelling.

The “new history of capitalism” was motivated in large part by the global financial crisis of 2008. The crisis demonstrated the impact that financial events could have on the real economy, thus blowing up the dominant macroeconomic doctrine which considered to such events as literally inconceivable. Levy is one of a number of generally younger historians whose work is available to enrich the ongoing construction of a macroeconomics that integrates the behavior of financial markets and institutions.

The new story he delivers is different from what came before. It roots the “maps and chaps” of conventional historical narratives in the mud of economic life and the fantastical visions of financiers. It is a story constantly informed by what is happening in the markets for goods, services, labor and – most importantly – financial assets, but with the structure and movements of the markets still understood to be shaped by political forces.

We hope you enjoy Project union.

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Behavioral and Evolutionary Economics – NewsDay Zimbabwe Mon, 23 Aug 2021 22:00:46 +0000

By Vince Musewe

IN my article last week, I shared insights on the economics of complexity and suggested that our economy has become a complex, adaptive and dynamic system, where it is inherently difficult to prescribe or predict outcomes and outcomes. responses to particular economic policy changes.

It is characterized by complex and unpredictable interactions between several networks (whether formal or informal, local or foreign) and these interactions are dynamic and constantly evolving with their own “emerging phenomena” to shape the macroeconomics. The economics of complexity challenges the basic orthodox assumptions of neoclassical economics and seeks to go beyond market transactions, static equilibrium analysis, and perfectly rational and interested individuals.

Various schools of economic thought outside of the neoclassical mainstream come under the term “heterodox economics”. This term is used to describe any innovative way of thinking about economics.

The Institute for Public Policy Research (IPPR) published an article entitled: “A new complex world: translating new economic thinking into public policies”. According to this article, there are three strands of heterodox economics namely: complexity economics (which I covered), evolutionary and behavioral economics. Each of them offers different perspectives on economic analysis seeking a more precise representation of the economy and in doing so opens up new possibilities for policy makers.

Evolutionary economics is defined as: “An economic system which involves endogenous change, a process of selection, continuous adaptation and multiplication. As a result of experience and adaptation, some economic strategies and decisions work and others fail. This process of continuous collection and adaptation of knowledge is driven by feedback mechanisms and interactions between economic actors and their environment.

This, for example, represents the current environment we have with our informal sector which is dynamic and constantly adapts to new ways of doing business in response to changes in economic policy. The informal sector is characterized by endogenous change through continual adaptation and innovation. Just visit places like Gazaland, Mbare Msika, Mpedzanhamo and the Glenview 7 complex, among many others, which for me remain underestimated and underestimated emerging economic poles, rich in innovation and adaptation, away from the so-called “formal economy” and policy makers. ‘ seen.

Evolutionary economics emphasizes the crucial role of history in shaping the future. Past interactions and decisions have major impacts on the economy – a characteristic known as path dependence – and any initial small change in an economy can produce drastic downstream effects, in part mediated by networks and a transversal hierarchical organization. Economic performance is determined not only by current conditions, but also by past decisions and initial conditions. Adaptation and innovation are at the heart of evolutionary economics.

What are the implications of evolutionary economics?

Policymakers must first seek to understand this phenomenon in order to design better and effective economic policies. Second, we simply need to encourage and invest more in innovation through, for example, provincial sector innovation hubs in key future strategic sectors such as manufacturing, agriculture, mining, education. , health, new technologies and ICT. These must be oriented towards added value outside of primary products. Innovation is at the heart of evolutionary economics. Indeed, innovation involves experimentation with new forms of physical technology, social technology and business techniques which, as history tells us, are the main drivers of increasing efficiency and productivity. , economic growth and wealth creation.

We also need to strengthen our patent rights, our quality standards and our competition rules to protect our innovative entrepreneurs. We need to encourage research funded by the private sector, especially in the use of new technologies, new breeds, new seeds, new processes, new products, etc. . In my opinion, we really need a “Center for Research and Innovation” (IRC) that aggressively promotes innovation and research across the country at the academic and industrial levels.

We then have behavioral economics as the third part of “heterodox economics”. The psychology of human beings is central to that of behavioral economists. In short, behavioral economics is a combination of psychology and economics that suggests that there are limits to human rationality in decision making.

Behavioral economists believe that policymakers exhibit what they call “limited rationality”, “limited self-interest” and “limited will”. Bounded rationality recognizes the limits that economic actors face when it comes to making decisions. Limited self-interest means that self-interest is usually limited by a sense of fairness. The limited will recognizes that economic actors sometimes find it difficult to make decisions that will benefit them in the long run.

“When making decisions, consumers save money. They use rules of thumb (heuristics) rather than putting together all the relevant information available (an impossible task anyway), they come to different conclusions depending on how a problem is posed to them, and they avoid making decisions that could lead to perceived losses. Recognizing the psychology of individuals in decision making leads to better political decisions. “

Policymakers cannot afford to ignore the psychology that prompts consumers to react in particular ways to particular economic issues that affect them. A very good example in the case of Zimbabwe is that of the US dollar exchange rate and the pricing of goods and services in the informal market.

Neoclassical economics assumes that consumers have unlimited rationality and behave in a uniform and predictable manner. Its economic analysis and modeling is therefore based on flawed assumptions and ignores the psychology that governs consumer behavior. Consumers and economic actors do not have the flawless ability to maximize benefits by weighing all the available alternatives presented to them. There are flaws and imperfections associated with their decision-making which neoclassical theory conveniently dismisses.

In order for us to maximize our potential in both human capital and resources, we need to think differently from the past. We must adapt to a new economic thought which recognizes a dynamic economy full of innovation and adaptation where the economic actors are not necessarily rational. This is the only way to build an inclusive and prosperous economy that is not dominated by a few.

In summary, the thought of complexity, evolution and behavior places a strong emphasis on dynamics, adaptation, psychology, imbalance and innovation. Modern economies are complex adaptive systems where change occurs endogenously, rather than as a result of exogenous shocks. Economies operate with constant fluctuations and multiple equilibria.

Policymakers, who operate within a neoclassical framework, will find it difficult to predict future trends when markets and economies do not return to equilibrium, when agents are not always rational, and when uncertainty is built into the market. system. A deeper understanding of the relationship between macroeconomic performance and individual decisions is therefore necessary for effective formulation of economic policy.

The message to leadership is therefore clear: Policy formulation that seeks to find effective solutions in a complex economic context can no longer be based on deductive analysis or top-down approaches, but must explore interaction and behavior using a bottom-up approach.

In my opinion, a clear example is that of our national budget compilation which must be a bottom-up approach from provincial economies to consolidation at the national level and not the other way around. This will certainly create better results and also ensure the inclusive economic development that we seek.

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A memory that leaves a lot of unsaid Sun, 22 Aug 2021 15:20:55 +0000

Amartya Sen is an Indian economist from Bengal who has lived abroad most of his life, teaching economics and philosophy in the UK and USA. He is also a recipient of the Bharat Ratna, not to mention a Nobel.

This is his autobiography, or memory. But he makes no mention of the one thing that matters a lot to many people: the Nobel Prize, which he won in 1998.

This omission of the Nobel Prize is the underlying root note of this book: it is very low key and it omits too many. And, he’s also very frugal with opinions about the economy and the people who make it up.

Maybe that’s why he called it memory and not autobiography. The difference is subtle. A memoir is selective and entertaining even if Sen makes no mention, absolutely none, of the most colorful pieces of his life. An autobiography is more complete.

But he tells us about the ordeal he went through when he was only 15 years old. She was diagnosed with oral cancer and had to undergo radiation therapy. The technology was rudimentary in the early 1950s and it suffered greatly. But it worked.

Overall, however, we come out quite dissatisfied. It’s like going to see Tendulkar bat, and he comes out for 60. After all, Sen has led an extraordinarily rich life professionally, and surely, as a man of far superior intelligence, his admirers deserved a more lavish fare. He attracted readers, only to deceive.

Of the 400 pages of text, his academic life occupies only 140 pages. Surely he has more than that to say about his highly influential professional career which spanned almost 70 years, mainly at Harvard and a few years in Cambridge, UK.

Perhaps he was reluctant to appear critical, a mortal sin in the markets where his book will be read the most, in the community of economists. But, as a former student of the Delhi School of Economics, where he taught from 1963 to 1971, I – and I’m sure everyone else he’s taught – would have loved to read his thoughts on post-war economics and economists.

So while the book has 26 chapters, only the last 11 are about working life and what it has offered him – which, however you think of it, was a lot. Sen, in fact, straddled the space between economics and philosophy as many economists did after Adam Smith.

In this case, the most famous economists of the period 1945-1985 make a brief appearance in his memoirs. This is understandable because if he had written about all of them he would have needed at least three volumes.

Light touch

That said, the book is far from a boring litany of facts and events. Much like his teaching style, Sen’s extremely light touch is apparent throughout the book. If you are an economist or an economics student, the book will keep you fully engaged.

As one would expect from a thinker of his stature, the book is full of occasional ideas, what in law are called obiters. I can’t do better than give a very small sample. For the rest, you will have to read the book.

He says, for example, that he never quite understood what the term “neoclassical” means in the context of economics. After thinking about it for several years, almost two decades, he says in his inimitable style that he thinks it is “a dominant economy, with a group of maximizing agents – capitalists, workers, consumers, etc. – which follow mechanical rules of maximization by assimilating marginal this to marginal that.

Of PT Bauer, a right-wing economist, he says Bauer was among the best development economists “by far” and that “the fact that New Keynesians saw little in his work is not to their credit.”

Cambridge economists in the 1950s were obsessed with what is called the “theory of capital”. It was a totally sterile subject and even though the Cambridge bigwigs were all committed to it – both for and vehemently against – Sen says he “found it hard to believe that the fall of capitalism, if it were to be to occur, would be caused by a sophisticated error in the theory of capital.

Welfare economics

Sen says from the start he was interested in finding a way to analyze how companies were doing. This was later called the welfare economy. The question for him is quite simple: do you focus on growth first, then health and education, or should it be the other way around.

He says it must be the other way around because it is precisely when you are poor that you need health and education the most. This is the classic chicken and egg problem because how can the state invest in health and education if it is poor?

Either way, much to her chagrin, the Cambridge bigwigs totally rejected the idea of ​​welfare economics, saying it wasn’t about economics at all.

But he continued to harass them, and they eventually let him teach an eight-lecture capsule course. When the time came for him to leave Cambridge, James Mirrlees offered to teach him. He was told, Sen said, that “this little course was a special concession to Sen; it does not count as a normal part of teaching economics.

Ironically, it was for his work on welfare economics and social choice theory that he received the Nobel Prize.

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Peripheral Texas Becomes One of America’s Fastest Growing Cities Sun, 22 Aug 2021 00:44:54 +0000

NEW BRAUNFELS, Texas – Not so long ago, motorists traveling along a stretch of Interstate 35 just northeast of San Antonio encountered vast fields of wildflowers and grazing cows in grassy pastures.

Today the cattle are gone, replaced by clusters of sleek apartments, gated communities, and big box stores. And New Braunfels, America’s third fastest growing city, nestled in one of the fastest growing regions, is at a crossroads.

“People have found New Braunfels – the word is out,” said city mayor Rusty Brockman. “And I think we’re going to continue to deal with this growth for a long time.”

Once a quaint town known for its German roots and the Schlitterbahn water park, New Braunfels has grown by an impressive 56% over the past decade, adding around 32,500 residents.

It was noted by U.S. Census officials last week as an example of a city that has seen significant growth from its perch just outside of metropolitan centers – New Braunfels is between San Antonio and Austin, which also has experienced tremendous growth over the past decade. There were two more in Texas, a growing state: McKinney, outside of Dallas, and Conroe, which had been enveloped by the vast metropolitan area of ​​Houston.

In many ways, the story of New Braunfels’ expansion is the story of a changing America.

As its population has exploded, with many newcomers coming from major cities in Texas and states like California, Colorado, and New York, the city has also become more diverse. The Anglo population fell below 60% for the first time in recent decades, with Latinos making up around 35% of residents.

Pure growth shows no signs of slowing down.

City officials have set aside at least $ 30 million for infrastructure initiatives, in addition to more than $ 600 million for water supply and wastewater projects undertaken by the utility company local. And more money will be needed in the near future, Brockman said.

A visible sign of the boom, permits for new homes topped 1,400 last year, a record for the city, said Jeff Jewell, the city’s director of economic and community development. Over 10,000 single-family homes have been added in the past 11 years and property values ​​have also skyrocketed, with the median home value surging 73% over the past decade, from $ 157,000 to 272 $ 000.

But there was a time when life was much quieter in New Braunfels.

“I still remember when there were only cows there,” said Brittney Marbach, who at 25 no longer recognizes the town in which she grew up. “A lot has changed. We’re losing our small town vibe.”

German settlers, captivated by the green spaces and the convergence of the Guadalupe and Comal rivers, founded the city in 1845. Legend has it that the region reminded Prince Carl of Solms-Braunfels, the leader of the settlers, of his former home in Braunfels, Germany. And so he decided to buy a strip of land and name it New Braunfels, near where Native Americans thrived by the water.

The city’s German roots are everywhere. The state’s oldest bakery, Naegelin’s Bakery, still thrives downtown – an area local residents refer to as the Circle – with a constant flow of customers, many of whom are newcomers and tourists clamoring for the branded pastry shop. the shop, the apple strudel.

“The growth has been tremendous for the business,” said Ross Granzin, who now owns the bakery founded in 1868.

Other German landmarks include the square’s neoclassical bandstand and Gruene Hall, an iconic, open-air dance floor that has featured in films and books and hosted prominent musicians such as George Strait, Garth Brooks and Brandi Carlile.

At night, crowds always descend into the beer gardens that have been around for decades, now joined by new bars and restaurants that are more like something one might find in Austin or San Antonio.

New residents of New Braunfels have been drawn to the area for its affordable cost of living and to the large employers who have settled there, including several distribution centers and tech companies. Over the past decade, the median salary has risen from $ 65,000 to $ 90,000 in Comal County, which includes much of New Braunfels, one of the highest averages in the state.

“We exploded for every metric,” said Jonathan Packer, president of the Greater New Braunfels Chamber of Commerce. “There are a number of reasons people come here.

The community has also become more diverse, with the presence of Latinos particularly evident on the city’s West Side. Residents flock to restaurants like El Norteo for typical Mexican fare, such as menudo, a spicy stew known colloquially as a hangover cure. This week, a waiter took orders wearing a red t-shirt that read “Menudo Para La Cruda” or “Menudo For the Hangover”.

Restaurant owner Johnny Aguirre said he noticed young Latinos moving away from more traditional Hispanic enclaves for new developments in the city.

“The city is known for its German culture, but people come here for the Mexican flavor,” Aguirre said. “Growth for us has been good. It has been a non-stop business.”

But so many changes – and so rapid – have also come with challenges.

Nancy Classen, who grew up in the city and works at the Sophienburg Museum and Archives, said she was ready to keep an open mind about newcomers – as long as they didn’t try to change the identity from the city. New Braunfels, a conservative stronghold between progressive cities, is the largest city in Comal County, which overwhelmingly voted for Donald Trump in November.

“It’s still a pretty conservative city,” Classen said. “They’re fine as long as they don’t try to change us. It’s not California.”

When Terri Jennings, 58, who operates a local vintage store, asks people where they’re from, many lean over the counter and whisper “California,” as if to reveal a dark secret, she said. said with a smile. “I think they’re a bit of a criticism because people think Westerners tend to be a bit more liberal.”

Even Jennings, who has lived in town for seven years but has worked there for 16 years, has learned to keep her liberal tendencies to herself.

“I don’t want to discuss politics,” she said. “I understand why they are doing it.”

Caleb Harris, 36, said he moved from Utah to New Braunfels in 2013, when he predicted the area had potential for expansion. He bought a property in a subdivision called Overlook in Creekside, north of downtown, as soon as it opened.

“I knew it would be a good area,” said Harris.

It is also part of the demographic development of the region. Harris, who is white, is engaged to a black woman who is pregnant with their child. With people who identify with two or more races growing rapidly, not only in Texas but across the country, her son will be part of an increasingly diverse state.

In New Braunfels, just over 3% of residents identify as more than one race, according to census data, but this is an increase from 1% in 2010. (The number of Americans who are identified as non-Hispanic and more than one race has grown to 13.5 million from 6 million in the last decade.)

Nearby, in the sprawling mixed-use complex of Creekside, which was once a cow pasture, Faith Caddy was walking her two dogs, a husky-Labrador mix named Odin and a red heel named Luna. She recently moved to the city of Colorado, a decision that made great economic sense for her and her 9-month-old son.

Staying there would have been too expensive, said Caddy, 24. “We can actually rent an apartment here and save to buy a house.”

This article originally appeared in The New York Times.

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