Katona's work in the 1970s on 'sentiment' was pivotal in understanding consumer behaviour. For example the US Federal Reserve was hugely resistant to the idea that feelings had a part to play in economic forecasting. Katona proved that answers to questions such as 'do you believe you will be better off next year than this?' were actually better forecasters of economic performance than traditional models. Many behavioural economists now use Katona's theories.
New research from Henry Siu at the University of British Columbia and Nir Jaimovich from Duke University shows just how much the world of routine work has collapsed. The economists released a paper today, published by the centrist Democratic think tank Third Way, showing that over the course of the last two recessions and recoveries, a period beginning in 2001, the economy's job growth has come entirely from nonroutine work.
Prediction Markets Google Group. The Group comes compleat with some very opinionated characters. Can be useful to watch the ambient flow from a distance for nuggets like the Economist article.
Suggest people subscribe with a non-work id that they can check at their leisure so any posts don't clutter work email on handhelds.