Economics Roundtable

NOTICE 4/30/18

The Economics Roundtable is back. The technical problem that has limited the set of blogs has been resolved. The RSS feed is, however, still not working.

Flushing caches will likely cause some old posts to show up for a day or two.


Employment as a Percentage of Population

The graph below shows employment as a fraction of population for people over 16 years old.


Click on the image to get a bigger version.


March 2017 Payroll Employment

Payroll employment has not grown impressively since 2000. Some baby-boomers retired, but that does not totally account for this graph.

Click on the image to get a bigger version.


May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

Click on the image to get a bigger version.


Graph-of-the-Year Candidates

Donald Marron likes European interest rates. Click on the image to get a bigger version. Can you find three distinct subperiods?

Brad DeLong favors the U.S. gdp gap.


RSS Feed

Stumbling and Mumbling

"An extremist, not a fanatic”


November 20, 2018, 8:42 am, 1922612

Nick Cohen makes a good point:

Political correspondents, who couldn’t find a big picture in a multiplex, buzz around Westminster hyperventilating about the number of letters sent to the 1922 Committee, and the replacement of minister X with junior minister Y, as if it mattered in ...


November 16, 2018, 9:11 am, 1921678

Conservative men of a certain age used to speak approvingly of some men (it was always men) as having “bottom”. By this they meant a combination of a moral code and loyalties that gave them a solid reliability.

I was reminded of this by these words ...


November 16, 2018, 9:11 am, 1921677

Conservative men of a certain age used to speak approvingly of some men (it was always men) as having “bottom”. By this they meant a combination of a moral code and loyalties that gave them a solid reliability.

I was reminded of this by these words ...


November 15, 2018, 9:12 am, 1921240

Brian Cox asks a good question:

The thing I don’t understand about these Conservative MPs is that they are such angry people. They haven’t done badly out of Britain - they aren’t on the receiving end of their own policies. And yet they want to smash ...


November 13, 2018, 9:12 am, 1920252

Devarshi Lodhia has a nice piece on the decline of the pub. I wonder, though: to what extent are the social and cultural changes that have contributed to their decline a product of raw economics.

My chart shows what I mean. It shows that since the ...


November 9, 2018, 9:12 am, 1918691

What role, if any, should contrarians play in public life? This is the question posed by the appointment of Sir Roger Scruton as housing tsar despite (or perhaps because of) his unconventional opinions on eugenics, date rape and gay rights.

The issue here is ...


November 8, 2018, 9:12 am, 1918075

Eric Lonergan’s good discussion of fiscal rules has triggered an intemperate debate about MMT. For me, though, it poses a question: from which fact(s) should thinking about macro policy begin?

For old-style Keynesians, the fact was that labour markets could not be relied upon to clear. ...


November 7, 2018, 9:10 am, 1917428

I agree with Harry Leslie Smith. I too am increasingly disinclined to wear a poppy.

The thing is that the nature of national remembrance has changed. For the first 60+ years after it began it was personal for pretty much everybody. Well over a million ...


November 4, 2018, 9:31 am, 1915915

Brexiters have something in common with anti-pornography campaigners. That’s the idea that struck me whilst reading Alwyn Turner’s account of the failure to establish public harms that result from porn.

What we have in both cases are failed attempts to translate arguments into consequentialist terms. The ...


October 31, 2018, 10:41 am, 1914073

Our tastes are seasonal. As winter approaches, we eat less salad and fish and more stews, and I for one listen to less swamp pop and more Leonard Cohen and Townes Van Zandt. What’s true of music and food is also true of appetite for risk. This ...