Author: giuliatamagnone

Donald Trump: “you understand the expression prime the pump?”

Donald Trump: “you understand the expression prime the pump?”

Donald Trump conducted an interview on May 4 with the Economist. Here follows the accurate transcription: [talking about his tax plan] But beyond that it’s OK if the tax plan increases the deficit? It is OK, because it won’t increase it for long. You may have two years where you’ll…you understand the expression “prime the … Continue reading Donald Trump: “you understand the expression prime the pump?”

Gary S. Becker: Human Capital

Gary S. Becker: Human Capital

Human capital refers to the stock of knowledge, habits, social and personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value. "Schooling, a computer training course, expenditures on medical care, and lectures on the virtues of punctuality and honesty are capital too in the sense that they improve … Continue reading Gary S. Becker: Human Capital

Minimum income guaranteed: the utopia that comes true

Minimum income guaranteed: the utopia that comes true

The idea of a guaranteed minimum income seems to be too good to be true, but it's happening and it's happening now: Finland is giving 2,000 citizens €560 ($587) a month as part of a very discussed experiment that can revolutionize the way we see the welfare state.  The 2-year program participants are chosen between those unemployed citizens who … Continue reading Minimum income guaranteed: the utopia that comes true

The Big Role of Small Enterprises

The Big Role of Small Enterprises

Before talking about small and medium enterprises (SME) we have to face a problem: global SME are not always comparable, we do not have certain data to look at. European commission defines SME as less than 250 employees, but USA set the amount at 500, on the contrary in Australia the number is less than … Continue reading The Big Role of Small Enterprises