· Hello, my name is John Hively. I’m the economist from outside the box. Welcome! In this blog, I share tips, thoughts, ideas, lists, stories, articles, podcasts, pictures, speeches and interviews about the economy. Needless to suggest, I also break down what others are saying about economics. And you can’t do this without analyzing political decisions, such as the impending Obama stimulus plan.
· For beginners, here’s something you haven’t likely heard. Think about this. The unemployment rate has risen since April 2007, corporate profits have dropped, but dividends have soared! How is that possible?
· It’s easy, but you won’t hear the obvious from academic or business economists. Corporations have been cutting jobs and transferring the lost wages and benefits into dividends and higher CEO compensation. That income transfer process occurs throughout the business cycle but it is most glaring during a recession.
· In part, that’s how and why income has been redistributed upward, especially during the last thirty years, and why the affluent have gotten richer and the rest of us haven’t.
· So why aren’t policy makers discussing the obvious? I don’t know. Maybe it’s because they don’t want to consider changing the system.
· As for my credentials: I earned degrees in economics, communication and education.
· I’m also a writer, a public school teacher and a public speaker.
· My writing credits include a traditionally published book, The Rigged Game: Corporate America and a People Betrayed. Black Rose Books released it internationally in the summer of 2006.
· Want to read a book about how the economy really works? You’ll find them here starting with my own book, The Rigged Game: Corporate America and a People Betrayed, along with links on where to buy them. In The Rigged Game, I show how all recessions begin in the financial markets; meaning that an economic downturn is nothing more than a huge income redistribution from people that work for a living primarily to the rich.
· The Center for Corporate Policy, a non-profit, non-partisan public interest organization working to rein in corporate abuses and hold them publicly accountable for their actions, listed The Rigged Game as a must read on its website during 2007.
· The Rigged Game is selling in the United States, the United Kingdom and Canada. Libraries in Turkey, Singapore, China and Australia have purchased it.
· The Portland Business Journal published twenty plus freelance articles I wrote from 2002-2003.