Tag: Economics


A History of Financial Panics in the U.S.

From the merchant William Duer’s attempts to speculate on post–Revolutionary War debt, to an ill-conceived 1815 plan to sell English coats to Americans on credit, to the debt-fueled railroad expansion that precipitated the Panic of 1857, A Nation of Deadbeats (Alfred A. Knopf, 2012), by Scott Reynolds Nelson, offers a crash course in the history of financial panics in the U.S. — and a concise explanation of the first principles that caused them all. The following excerpt comes from the preface, “A Republic of Deadbeats.”

 

 

 

 

 

 

 

 

 

 

 

 

via A History of Financial Panics in the U.S. – Utne Reader.

Patenting Prosperity: Invention and Economic Performance in the United States and its Metropolitan Areas

“Patenting Prosperity: Invention and Economic Performance in the United States and its Metropolitan Areas” is the first analysis of its kind to present patenting trends on a regional level from 1980 to 2012. The report ranks all of the nation’s roughly 360 metropolitan areas on patenting levels and growth, while noting the firms and organizations responsible. It also analyzes how patenting has affected productivity levels in each region, comparing patents—which embody novel inventions—to other sources of economic dynamism, such as educational attainment.

Top 10 Metropolitan Areas that Patent the Most:

#1: San Jose, CA

#2: San Francisco, CA

#3: New York, NY

#4: Los Angeles, CA

#5 Seattle, WA

#6: Boston, MA

#7: Chicago, IL

#8: San Diego, CA

#9: Minneapolis/St. Paul, MN

#10: Detroit, MI

via Patenting Prosperity: Invention and Economic Performance in the United States and its Metropolitan Areas | Brookings Institution.