Posts Tagged ‘Economics’

Economics is all about the choices humans make and in the aggregate human societies (micro economics and macro economics).  Negotiating can be thought of as a specific case of micro economics closely linked to the core concepts of marginal utility and marginal value.  Therefore, Reinvent Trenton is taking this opportunity to explain basic concepts in negotiation and the role of eminent domain in them. Read the rest of this entry »

This video is a great primer on macro-economic philosophy especially as it relates to how we think about national issues.  AND its a rap.  It doesn’t have much to do with Trenton, but everybody should know more about the basics.

Which are you?  How do you think Obama leans?

How many of us have started industrial scale businesses that have gone on to produce great value and therefore great wealth? How many have started industrial companies that produce “green” products?

I suspect none.

I know plenty of entrepreneurs (some successful) but not one has started a successful industrial, much less “green”, company. One can argue that the U.S has regulated all industrial production green or otherwise out of the country. Read the rest of this entry »

One of, if the not the biggest thing holding back revitalization in American cities is crime.

The facts speak for themselves – cities with high crime rates generally have poor growth rates. Cities that have somehow improved their crime rate do much better.

New York and Washington, DC are great examples of cities that have aggressively attacked their crime issues and have unleashed unprecedented economic growth. Washington used to be the most dangerous city in America and New York was supposed to be leading the country into chaos.

Looking just at New Jersey, two cities, New Brunswick and Newark are overcoming their crime issues and generating positive population growth. Meanwhile, Asbury Park, Trenton and Camden continue to scare their populations away.

Lot’s of people have lots of things to say about crime. The police say they do all they can and blame the courts for a revolving door justice system or the public for not cooperating. Children’s advocates blame lack of after-school programs. Civil rights leaders blame racism. Parents blame everybody and Bill Cosby blames parents.

Read the rest of this entry »