Author Archives: Mayo Toruño

About Mayo Toruño

Professor and Chair of Economics Department, California State University San Bernardino

An interesting GIF on the spread of WalMarts in the USA

A colleague of mine pointed me to this interesting gif showing the growth of WalMart stores in the US since 1962. The gif was made available by Daniel Ferry and can be found at Excel Hero. The same gif is … Continue reading

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The power of economic theory: Graphically illustrated

Originally posted on Real-World Economics Review Blog:
from Asad Zaman and the WEA Pedagogical Blog A near perfect graphical illustration of the power of economic theory is provided by the following graph; copied from RWER Blog The impact of the…

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The Fall Quarter Coyote Economist

The most recent issue of the Coyote Economist came out last week. The lead article looks at income and wealth inequality over the course of the Great Recession.

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USA jobs lost 2008-14, average wage of jobs lost, average wage of jobs gained

Originally posted on Real-World Economics Review Blog:
from David Ruccio Yes, I know, a table (actually, 3 tables). . . According to a new report from the U.S. Conference of Mayors [pdf], In 2008 and 2009 the US economy lost…

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The High Price of Materialism

I was just made aware of a video on materialism created by The Center for a New American Dream, back in 2011. Psychologist Tim Kasser does a good job of laying out, in  5:37 minutes of animation, the negative impact … Continue reading

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John Cochrane on the Failure of Macroeconomics

Originally posted on Uneasy Money:
The state of modern macroeconomics is not good; John Cochrane, professor of finance at the University of Chicago, senior fellow of the Hoover Institution, and adjunct scholar of the Cato Institute, writing in Thursday’s Wall…

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In an Era of Increasing Fiscal Constraints, an Inexplicable Shift in Hiring Patterns in Higher Education

Originally posted on The Academe Blog:
In this past week’s issue of the Chronicle of Higher Education, there is a very revealing graph representing the changes in employment in colleges and universities from 1976 to 2011. The graph is based…

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