Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Of course that depends on how you chose your basket...

And the contents of the baskets vary over time, as does inflation itself. How does the increase in types of goods that "the average family" needs factor into this discussion? For instance, some time in the '80s personal computers became important for families with aspirations for their children. In 1978 I bought a Toyota Corolla wagon of that model year for a little over $6,000.00. In 1981, I believe, I bought an Apple II with dual disc drives for about $2,500. In 1972 I had bought an HP 45 programmable calculator, for about $250.00. Neither the calculator nor the computer or anything comparable in price and function had been available five years before I made my purchases.

The home computer added an entire segment to our economy. It also became a significant expense item for middle class families. So how do we account for the varying contents of the baskets from, say, 1948, when only a small portion of households had TVs and very few had two cars to the mid 70s, when most households had at least one color TV and a large number had two cars, and on to the 21st century, when most households have at least two cars, multiple TVs, and multiple PCs.

And in which time were we better off? I think Elizabeth Warren has noted that family economic well being peaked in the early 70s and that the average family has been squeezed economically since, resulting typically in families with two incomes even when they have young children. But the basket is bigger.

 

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Nov 20th, 2010 at 12:14:48 AM EST
[ Parent ]
Yes, those are problems with measuring inflation, as Mig has discussed previously.

However, what I want is form some idea of what would cause a constant basket to change in price. Because I already know how to make baskets.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat Nov 20th, 2010 at 08:03:52 AM EST
[ Parent ]
Damn! I would have been so much better informed had I found ET a couple of years earlier.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Nov 20th, 2010 at 12:37:59 PM EST
[ Parent ]
There has been talk about collecting the stuff we've written about economic theory in one place. It seems to always come to nought because of how much work it would be (and how inherently unfunny such a task is).

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sat Nov 20th, 2010 at 02:00:34 PM EST
[ Parent ]
The interim solution I have proposed is diary tagging. More work for diarists however, unless there is an index of carefully planned tags that can be clicked on - rather like the <allowed html> list that is presented as you write.

You can't be me, I'm taken
by Sven Triloqvist on Sat Nov 20th, 2010 at 04:16:02 PM EST
[ Parent ]
A good buddy of mine worked on "Semantic Web" stuff back in 1971.  It didn't work.  

The reasons why are tedious and complex but, as an illustrative example, one reason comes down to the way I use English (words, in the vulgar sense :-), and the way you use English and the way Jake, say, uses English are all ever so slightly different that sum to the necessity for having a ATinNM-to-Sven-to-Jake [& iterate]/English Dictionary & Grammar translation handy and start adding on every user, and every possible user.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Sat Nov 20th, 2010 at 04:53:39 PM EST
[ Parent ]
There is a system of diary tagging. Not a perfectly conceived list, true, but it's there. Who uses it?

(Hint: no one, or almost).

by afew (afew(a in a circle)eurotrib_dot_com) on Sat Nov 20th, 2010 at 04:57:24 PM EST
[ Parent ]
There is? Where?

On other group-blogs I have used tags, mainly from a list someone else made. In general if it comes at the right point in the process (after writing, before preview and publish) and it can be accessed easily from a reader perspective, I think it would be used.

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se

by A swedish kind of death on Sat Nov 20th, 2010 at 07:08:52 PM EST
[ Parent ]

There's plenty to criticise about it: the list isn't well-thought-out, and it isn't mentioned in "How to post a diary" in the User Guide. Above all, there's only one possible choice. But you can use those topic tags to filter your search results in the (awful) Scoop Search function. Which might be useful if everyone used them whenever possible.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Nov 21st, 2010 at 03:09:33 AM EST
[ Parent ]
I seem to recall there being a bug in that function. I take it it was resolved, then? Or am I misremembering?

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Nov 21st, 2010 at 03:11:57 AM EST
[ Parent ]
Never heard of that. If you're right there was a bug (discussed where?), I doubt if it's been fixed.
by afew (afew(a in a circle)eurotrib_dot_com) on Sun Nov 21st, 2010 at 03:16:32 AM EST
[ Parent ]
A quick test of the Search function reveals that... you're right. It will bring up a result based on the text entered, irrespective of the topic tag.

More Scoop magic.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Nov 21st, 2010 at 03:22:32 AM EST
[ Parent ]
There was another discussion preceding the linked thread here European Tribune - Socratic Economics IV: How is inflation calculated?

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se
by A swedish kind of death on Sat Nov 20th, 2010 at 02:35:15 PM EST
[ Parent ]

Display:

Top Diaries

Occasional Series