Jim Boswell Blog | Another Reason Business Is Senior to Economics | TalkMarkets
Executive Director, Quanta Analytics
Contributor's Links: Globanomics
Author of Globanomics. Jim has nearly fifty years of professional experience in the development of management information and analytical business decision support systems. Broadly disciplined with exceptional experience. Education includes an MBA from the Wharton School-University of Pennsylvania, ...more

Another Reason Business Is Senior to Economics

Date: Sunday, October 25, 2020 6:31 AM EST

I have been trying to get the "business community" to get behind "globanomics: and thus Joe Biden sometime before the end of the week (i.e., Friday).  Along those lines i have been trying to convince the "business community" that Globanomics is good for them, which it very much is, with the caution that its not good to be piggy.

Personally, i have some respect for economists,  but not enough to elevate them to the level of Business/Finance.  If you look at my "hierarchical level" you will note that i give 35% of the models weight to Business Development and 0% for the number of economists they have.

My favorite counter to any criticism of globanomics i get from any economist would go something in line with the followin.--explain the large transfer of money from the American middle class to the likes of China and the wealthy.  I wrote an article in Talkmarkets a couple of years ago documenting that transfer.  I would put the link up but i am having computer issues copying the link, so you will have to look it up yourself if you want to.

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Harry Goldstein 4 years ago Member's comment

Thanks Jim.