Iran’s and Brazil’s macroeconomic issues, auctions feed the poor, economics of “The Martian,” inequality of car fatalities, and the value of being wrong

Macro

“But Mr. Cerisola said Iran’s economy was weak and warned that officials needed to make structural changes if they want to reap the full benefits of the nuclear deal. The political will to make these changes, which include withdrawing subsidies, reducing public-sector debt and pursuing a prudent monetary policy, was essential, he said.” http://www.wsj.com/articles/iran-needs-economic-reforms-to-benefit-from-sanctions-relief-imf-says-1444064373?mod=rss_middle_east_news

“Anxiety has spread quickly in Brazil this year as the unemployment rate, which stood at a record low of 4.3 percent in December, has climbed at an alarming pace. Unemployment rose to 8.6 percent in July, its highest rate since 2012, according to figures released last week by Brazil’s national statistics agency. Inflation also is on course to rise to 9.5 percent this year as the economy continues on a course to shrink by around 2.7 percent in 2015, according to a central bank survey published early Monday.” http://www.ibtimes.com/brazil-unemployment-rate-soars-workers-brace-tighter-economic-squeeze-2127221

Micro

Micro economics helps feed the poor. How economists created free markets and auctions to help food banks be more efficient. http://theweek.com/articles/580341/what-happens-when-americas-sovietstyle-food-banks-embrace-freemarket-economics

The economics of the movie “The Martian.” Why was “The Martian” originally published for Free?  http://www.marketplace.org/topics/tech/science-and-economics-behind-martian

Statistics

Poor people tend to die more in car crashes. Is it because they tend to drive older cars and live greater distances from trauma centers? http://www.washingtonpost.com/news/wonkblog/wp/2015/10/01/the-hidden-inequality-of-who-dies-in-car-crashes/

A major issue in statistics is about reducing the margin of error. Being right is good except when it isn’t. What are the advantages of being wrong? “Journalist Kathryn Schulz, in Being Wrong: Adventures in the Margin of Error, describes how very uncomfortable, and indeed how very difficult it is for we humans to be wrong.” http://www.econtalk.org/archives/2015/09/journalist_kath.html

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