Tuesday, September 3, 2019

September 3, 2019 - Deep discounts, opaque algorithms cause for friction across ecommerce sector, finds CCI study

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TradeBriefs Editorial

From the Editor's Desk

The Economist Who Believes the Government Should Just Print More Money

Stephanie Kelton, a senior economic adviser to Bernie Sanders and a professor of economics and public policy at Stony Brook University, is popular in a way that economists, almost definitionally, are not. Filmmakers trail her with cameras; she goes on international speaking tours and once sold out a basketball arena in Italy. Kelton is the foremost evangelist of a fringe economic movement called Modern Monetary Theory, which, in part, argues that the government should pay for programs requiring big spending, such as the Green New Deal, by simply printing more money. This is a polarizing idea. This spring, Kelton spoke at the Wall Street Journal's Future of Everything Festival, held in a converted warehouse in Tribeca, where earnest networkers milled around taking notes. On the dais, a Journal staffer introduced Kelton as an economist with an idea "that will either solve the world's problems or send it into ruin!" She made a face, and then walked onstage.

Continued here

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Ecommerce
Deep discounts, opaque algorithms cause for friction across ecommerce sector, finds CCI study

Deep discounts and opaque use of algorithms by online platforms are a growing concern for not just restaurants, whose bitter quarrel with food aggregators received much ink recently, but also for hotels and retailers, says a new study.Get latest Business online at cnbctv18.com


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