Welcome to Bookmarker!

This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

Source code on GitHub (MIT license).

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You added a vocabulary term
8 years, 2 months ago

Baumol effect

Such a bias arises in an acute form in what is known as the Baumol effect, after the US economist William J. Baumol, who argued that productivity grows faster in certain sectors than in others, and that in some sectors there was no scope for producing more output per person.

example given: if cars can be built more quickly, and wages rise in line with manufacturing productivity, then the fact that you can't make (say) education more "productive" the same way means the relative cost of education will be higher

—p.121 Technological Change and Countervailing Power (115) by Anthony B. Atkinson
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You added a vocabulary term
8 years, 2 months ago

Heckscher–Ohlin model

In the case of globalisation, what lies behind is the standard international trade model (usually referred to as the Heckscher–Ohlin model after the two Swedish economists Eli Heckscher and Bertil Ohlin), according to which the classes of workers, skilled and unskilled, are employed in two perfectly competitive economies, each with two sectors of production.

—p.83 The Economics of Inequality (82) by Anthony B. Atkinson
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You added a vocabulary term
8 years, 2 months ago

imputed rent

Owning a home does not yield cash income but has the equivalent effect in that it saves the owner from having to pay rent. For this reason, the application of the comprehensive definition of income indicates that we should impute an income, referred to as "imputed rent."

included in the national accounts, represents about 10% of GDP as of 2012

—p.32 Setting the Scene (9) by Anthony B. Atkinson
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You added a vocabulary term
8 years, 2 months ago
You added a vocabulary term
8 years, 2 months ago

peripatetic

she feared he would use the word peripatetic, and soon enough he did

—p.175 Up the Mountain Coming Down Slowly (141) by Dave Eggers
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