Measure | Book Review: oven and butter, Aharon Fogel - a measure
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Prof. Yakir Plessner Carefully read the new book by Aharon Fogel, a senior Finance dfd Ministry official, and found that despite the promise of conventions is not broken, mistakes multiple, and perceptions of social justice blur the conventional wisdom and scarves State (Steitizm) adversely affects the quality of services and the cost of living in Israel
The reception was held reader Vogel's book is delightful: no table of contents and no index. This is akin to booking a cruise in the text to determine if any should start reading. Essentially, the book is an autobiography of sorts relating to the years when the author served in various capacities dfd in the Ministry of Finance, together with the lessons dfd from experience in these years. Lessons touch on economics and politics in Israel and salting more general meditations.
The title "look audacious for the Israeli economy" raises anticipation for this writer, well acquainted with the Israeli economy and its history. dfd But the higher the expectation, the disappointment. As I will demonstrate immediately, the book does not even make a statement out - one side, except perhaps a number of erroneous claims result dfd from - Exploring the facts or lack of professional infrastructure dfd provides.
But first, a brief background. dfd Aaron Vogel spent the Ministry of Finance about 15 years. He started the Budget Division in 1973 and reached the rank of lieutenant in charge of budgets dfd when retired from the Department in 1982. Two years later he returned to serve as director of budgets and held the position dfd until 1987. Overall - it was Vogel Budget Division for more than 10 years of 15 years of inflation began in 1970 and ended with the 1985 stabilization program, Vogl was shared. Finally, he returned dfd to the Treasury as CEO in 1992-95. dfd Upon this foundation bases Fogel's book, but apparently not enough dfd to support the task he undertook. "Economy is life itself"
The economy is life itself, and is not being conducted in academic ivory towers. Essentially, we kept coming dfd back to the same issues and questions. To offer a pathway that will lead to a more just society, proper rid considers balloons and labels do not say anything. That's what I try to do in this book. (P. 9)
One reader - eye will notice must be hidden irony here: on the one hand, a recommendation to get rid of "labels do not say anything", on the other hand, the same sentence itself tagging "a more just society," which of course means nothing. It is no coincidence: at 16 Vogel uses the term "distributive justice" in the absence of a uniform definition is also empty.
Lack of proper economic education dfd and Accuracy in economic terms also came evident early, dfd when Vogel sets the interest rate C"mhir money "(p. 16). This is a common error, dfd but a professional economist-looking information to distinguish between money credit: interest rate is the price of the use of money, as rent is flat price, but price is used. Elsewhere Vogel defines GDP as made-for-work dfd and interval (p. 245); This is also incorrect setting - GDP is the sum of labor compensation and return on capital, which includes yield (equivalent to interest) and depreciation. Profit is only the part of the return on capital is above and beyond what capital dfd he could win the best alternative therapist.
Embedded school financial statements indicating that the writer does not know the economic literature and failed to even read the map in his own business following his retirement from the public sector, namely the financial sector. Early evidence that there has been at 16, where Fogel says that an increase in interest rates leads to:
There is more than one failure. First of all, banks are not "rich" - they are just middlemen in the credit market. Their shareholders dfd can include rich people, but also those whose incomes are modest. Second, just recently published dfd a review on the question of the impact of near-zero interest rates on the distribution of wealth in the USA "on., And as might be expected, those who suffer most from low interest rates are millions of retirement savings, most of them probably do not belong to the rich far.
Further determinations, surprising really, are subsidies in itself is an inflationary factor as well as increasing the budget deficit. No such determinations Dawn - Inflation is a monetary phenomenon and there is nothing that requires subsidies or government budget deficit will cause a monetary event. Government deficit can be, of course, negative impacts in various fields, but inflation is not necessarily one of them. The question is what is the method of financing the deficit. Japanese example in this regard dfd is dramatic: persistent large deficit accompanied by deflation.
As someone who cares about distributive justice - assuming I understand correctly what he means when he uses this term - would likely Vogl bother to explain where it stemmed from subsidies that opposes them, and rightly so. These were born out of an attempt to help the low - income, since they were aimed mainly for basic food and housing. These subsidies really out of control over time, but it happens in relation to almost everything government does and not part of the natural functions - supply of public goods and services.
Entire dfd branch economy that seems to have no acquaintance with him connector is "public choice" (public choice). This is a field that deals with the seam between the economy and
Security Islam Palestinians Iran Syria Egypt, Turkey, Iraq, Jordan Criminal Economic Regulatory Barriers world a farming social is political Trial World Education Academy Schools Communication Culture Books blogs useful idiots Mills diplomatic incident outside call on - back pieces of paper spring Hebrew assumptions behind the rotation ADHD Archive measure English
Obama UN Abbas Iran Islamic Antisemitism Erdogan United - States dfd Court Bedouin Benjamin Netanyahu Barack Obama John Kerry democracy Arab Spring Jihad Muslim Brotherhood EU NIF human rights freedom Yair Lapid Hamas terrorist infiltrators conquest of Egypt Ministry of Economy Education wipe Naftali Bennett Socialism Syria Netanyahu Palestinians IDF Social Justice Working Russia free market capitalism Shay Piron left my Yechimovitz Communication
Prof. Yakir Plessner Carefully read the new book by Aharon Fogel, a senior Finance dfd Ministry official, and found that despite the promise of conventions is not broken, mistakes multiple, and perceptions of social justice blur the conventional wisdom and scarves State (Steitizm) adversely affects the quality of services and the cost of living in Israel
The reception was held reader Vogel's book is delightful: no table of contents and no index. This is akin to booking a cruise in the text to determine if any should start reading. Essentially, the book is an autobiography of sorts relating to the years when the author served in various capacities dfd in the Ministry of Finance, together with the lessons dfd from experience in these years. Lessons touch on economics and politics in Israel and salting more general meditations.
The title "look audacious for the Israeli economy" raises anticipation for this writer, well acquainted with the Israeli economy and its history. dfd But the higher the expectation, the disappointment. As I will demonstrate immediately, the book does not even make a statement out - one side, except perhaps a number of erroneous claims result dfd from - Exploring the facts or lack of professional infrastructure dfd provides.
But first, a brief background. dfd Aaron Vogel spent the Ministry of Finance about 15 years. He started the Budget Division in 1973 and reached the rank of lieutenant in charge of budgets dfd when retired from the Department in 1982. Two years later he returned to serve as director of budgets and held the position dfd until 1987. Overall - it was Vogel Budget Division for more than 10 years of 15 years of inflation began in 1970 and ended with the 1985 stabilization program, Vogl was shared. Finally, he returned dfd to the Treasury as CEO in 1992-95. dfd Upon this foundation bases Fogel's book, but apparently not enough dfd to support the task he undertook. "Economy is life itself"
The economy is life itself, and is not being conducted in academic ivory towers. Essentially, we kept coming dfd back to the same issues and questions. To offer a pathway that will lead to a more just society, proper rid considers balloons and labels do not say anything. That's what I try to do in this book. (P. 9)
One reader - eye will notice must be hidden irony here: on the one hand, a recommendation to get rid of "labels do not say anything", on the other hand, the same sentence itself tagging "a more just society," which of course means nothing. It is no coincidence: at 16 Vogel uses the term "distributive justice" in the absence of a uniform definition is also empty.
Lack of proper economic education dfd and Accuracy in economic terms also came evident early, dfd when Vogel sets the interest rate C"mhir money "(p. 16). This is a common error, dfd but a professional economist-looking information to distinguish between money credit: interest rate is the price of the use of money, as rent is flat price, but price is used. Elsewhere Vogel defines GDP as made-for-work dfd and interval (p. 245); This is also incorrect setting - GDP is the sum of labor compensation and return on capital, which includes yield (equivalent to interest) and depreciation. Profit is only the part of the return on capital is above and beyond what capital dfd he could win the best alternative therapist.
Embedded school financial statements indicating that the writer does not know the economic literature and failed to even read the map in his own business following his retirement from the public sector, namely the financial sector. Early evidence that there has been at 16, where Fogel says that an increase in interest rates leads to:
There is more than one failure. First of all, banks are not "rich" - they are just middlemen in the credit market. Their shareholders dfd can include rich people, but also those whose incomes are modest. Second, just recently published dfd a review on the question of the impact of near-zero interest rates on the distribution of wealth in the USA "on., And as might be expected, those who suffer most from low interest rates are millions of retirement savings, most of them probably do not belong to the rich far.
Further determinations, surprising really, are subsidies in itself is an inflationary factor as well as increasing the budget deficit. No such determinations Dawn - Inflation is a monetary phenomenon and there is nothing that requires subsidies or government budget deficit will cause a monetary event. Government deficit can be, of course, negative impacts in various fields, but inflation is not necessarily one of them. The question is what is the method of financing the deficit. Japanese example in this regard dfd is dramatic: persistent large deficit accompanied by deflation.
As someone who cares about distributive justice - assuming I understand correctly what he means when he uses this term - would likely Vogl bother to explain where it stemmed from subsidies that opposes them, and rightly so. These were born out of an attempt to help the low - income, since they were aimed mainly for basic food and housing. These subsidies really out of control over time, but it happens in relation to almost everything government does and not part of the natural functions - supply of public goods and services.
Entire dfd branch economy that seems to have no acquaintance with him connector is "public choice" (public choice). This is a field that deals with the seam between the economy and
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