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The gloating is easy to understand. After all, nominal wage rigidity is the driving assumption of the Keynesian model. Unemployment is just a labor surplus; since wages are the price of labor, the fundamental cause of unemployment has to be excessive wages. And as long as the wage rigidity is nominal, you can neutralize it by printing money or otherwise boosting demand.
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Schumpeter: University challenge | The Economist
Popular anger about universities’ costs is rising just as technology is shaking colleges to their foundations. The internet is changing the rules. Star academics can lecture to millions online rather than the chosen few in person. Testing and marking can be automated. And for-profit companies such as the University of Phoenix are stripping out costs by concentrating on a handful of popular courses as well as making full use of the internet. The Sloan Foundation reports that online enrolments grew by 10% in 2010, against 2% for the sector as a whole.
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“Social Customer” Segmentation: Case Study in Tablet Market | CustomerThink
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Google Maps Potential As Geographical Archive Highlighted With Japan Earthquake
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Twitter Brand Pages: How the First 20 Brands Are Using Them (Full Gallery) | The Realtime Report
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How Valve experiments with the economics of video games – GeekWire
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Top 10 reasons why Darth Vader was an amazing project manager – GeekWire
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THE SKINNY SLEEVE MACBOOK AIR designer MacBook Air laptop sleeve
Posted from Diigo. The rest of my favorite links are here.