Portal talk:Business and economics: Difference between revisions
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Revision as of 06:47, 4 October 2010
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Suggestions
Would this be the right place to see if there is (even a modest) interest in starting a WikiReader. The whole portal might be too big for a reader but some sections could be really interessting. I'm looking forward for some opinions. Cryptonit — Preceding undated comment added 18:59, 27 July 2006 (UTC)
What Energy Crisis?
I'm concerned about the dollar-biased currently present in articles related to energy crisis, oil prices, peak oil theory, etc. Why is Wikipedia presenting its data on oil prices only in terms of the U.S. Dollars? Had anyone bothered to graph the oil prices in terms of gold ounces or silver ounces (or any currencies tied to gold or silver) instead of USD or inflation-adjusted USD? The energy "crisis" only happens to US and countries holding large USD reserve (since those countries are trying to stabilize its currency's exchange rate to USD). Until those articles can be rewritten to be more neutral, I suggest renaming the articles to reflect the US-bias (more accurately the USD-bias) in the mean times. EconoBill (talk) 09:39, 11 May 2009 (UTC)
- More then 90% of oil exports are sold and bought with U.S. dollars so the dollar is the most important currency with oil. --Patrick (talk) 20:28, 11 May 2009 (UTC)
Energy/Food Crisis vs Monetary Crisis
- True, but the so-called energy crisis (including the so-called food crisis) is actually a local event. From an economics perspective, those price spikes would more aptly be called monetary crisis. If anyone just look at the graph of the M3 money supply during the war from 2003-2008, the multiplier effect combined with the velocity of money from the increased war deficit spending as debt money correlates with the inflation. The tripling in the prices across the commodities is actually the effect of the trisection of the worth of the dollar. Also, the inflation-adjusted graph is incorrectly using the CPI without understanding that CPI adjustment is meant for comparing consumer goods across years and not for comparing fungible commodities across years. The price index from a basket of 30 commodities would serve as the adjustment better than the CPI. The articles in question present the issues as if it is a global phenomenon rather than a localized phenomenon to only countries with heavy ties to the dollar. EconoBill (talk) 00:27, 13 May 2009 (UTC)
Strong biais in an economics "good article"
The Income inequality in the United States article is listed as good article. In the introduction, it says that "A 2004 poll of 1,000 economists showed that the majority of economists favor "redistribution."[7]".
If you go check the references, you see (http://springerlink.metapress.com/content/w4q363786573275h/ ) that the poll is made on economists from the American Economic Association, which "heavily favor the Democratic party".
How can such a biaised article be labeled "Good article" in WP ??!!!! Eumachia (talk) 21:53, 31 May 2009 (UTC)
This article needs some help from people somewhat knowledgeable on the topic. Currently it keeps receiving imho questionable edits from a rather persistant IP.--Kmhkmh (talk) 00:47, 8 November 2009 (UTC)