İlker Uğur

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Archive for the ‘Economy’ Category

Easy reading on Economics

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I like to read about the logic behind things. 

I am also curious about the way things work. “Behind The Scenes” of a movie is  really a great insight for me as i can see the hard work there. This applies to way people earn money as well. It is believed that an ordinary Turkish guy thinks about the earning potential of a product before buying it. Or looks at a building and tries to calculate the cost of it. This is interesting for me but not as much as the dynamics of the buy out. 

For instance when i see a merchandise of a football club, I try to look at the firm that produced or imported, the club that buys and sells for profit reasons and the fan that buys and maybe sells it one more time as a collection item.

In the last few years books focusing on this relation is very popular everywhere.

I read some of these books and here are some recommendations and and a wishlist.

Nudge: Improving Decisions About Health, Wealth, and Happiness

This book is on my wishlist. It seems pretty interesting. I saw it in Pandora last time i was there and hopefully will buy it soon. Eventhough it is not directly related to economics but still seems to be great.

Freakonomics [Revised and Expanded]: A Rogue Economist Explores the Hidden Side of Everything

I read this one some time ago. Why do drug dealers live with their moms? is a classic article. Hopefully one day i will summarize it on this blog.

The Undercover Economist

This is one of my favourites. Tim Harford gives great insight from daily economics. Such as Starbucks. Price targeting can not be told easier than that. It is simply a perfect read.

Written by ilkerugur

April 25, 2009 at 10:54 am

Posted in Books, Economy

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Unemployed in line for a job opportunity

Unemployed in line for a job opportunity

Yesterday the unemployment rate for March is announced in Turkey. 

It is officially 15,5%.

Unofficially 25%.

Earlier today i heard on radio that one minister claimed that there have been 3000 newly unemployed in Bursa city last month. However independent research tells that it is more than 8000 only in Bursa.

The number of unemployed people now officially makes the second largest city in Turkey. What would happen if all these people riot at the same time i can not imagine.

Another issue is the rise in real estate. The number of people who makes living on rents is doubled since last year. That means that people do not take risks for opening new business, they simply go and buy houses and rent them out. This option is also risk free.

The two facts can create this assumption; Unemployment will continue to rise, and the real estate is not getting much cheaper in the upcoming year. This is bad news for me as i am trying to buy a decent house. 

Unemployment has the tendency to raise crime rate as well. One good effect can be the return to villages from big cities and a move towards stability in agricultural production.

Written by ilkerugur

April 17, 2009 at 9:02 am

Posted in Economy