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

Economic Principals (David Warsh)

November 11, 2018, 5:25 pm, 1919601

It was a newspaper feature story of a sort that has become fairly familiar, if rarely so well executed, and my physicist friend was enthusiastic about it.  “I love studies like this. Data on almost anything can be squeezed out of the most unlikely places. Clever data acquisition, analysis, ...

November 4, 2018, 5:05 pm, 1915988

The unexpected pairing of environmental and growth economics by the Nobel committee contains many surprises. William Nordhaus and Paul Romer are surprisingly similar in their origins.  Each is a member of an entrepreneurial family in the American West.  Nordhaus is the youngest of four brothers; his father, ...

October 28, 2018, 5:05 pm, 1912737

As especially interesting place to visit is Independence, Missouri, 250 miles up the Missouri River from the Mississippi.  It was nothing more than a river bank in 1804, when the Lewis and Clark expedition stopped overnight to pick wild plums, apples, and raspberries.  Mormons began to settle in the little ...

October 21, 2018, 11:05 am, 1909738

The single hardest thing to understand about Donald Trump is that his dominating foreign policy concerns are probably shared by a substantial majority of Americans, though not in any detail. Two of these matters are trade and immigration policies, but more fundamental than either is America’s overall posture vis-a-vis China ...

October 14, 2018, 4:06 pm, 1907355

EP went traveling and didn’t return in time to write a proper column.

The post Economic Principals Is Not Writing This Week appeared first on Economic Principals.

October 10, 2018, 4:36 pm, 1906523

The Nobel committee likes to couple special prizes with anniversaries. Thus Milton Friedman received a medal in 1976, the two hundredth anniversary of the appearance of An Inquiry into the Nature and Causes of the Wealth of Nations, by Adam Smith, the book considered to have given birth to modern economics. ...

October 7, 2018, 12:36 pm, 1905565

EP is on the road.  The weekly will appear on Tuesday October 9.

The post Economic Principals is Traveling appeared first on Economic Principals.

September 30, 2018, 5:25 pm, 1903745

In a week when the antipathy between Republicans and Democrats is at a fever pitch, it is worth recalling the desperate events ten years ago this month when America’s center held together very well. A financial panic, the first in a century, seemed to come out of nowhere to threaten a ...

September 23, 2018, 5:25 pm, 1901792

Ben Bernanke told an attentive Brookings Institution audience earlier this month, that, after he became chairman of the Federal Reserve Board, in 2006, “Literally one of the first things I did was to ask the staff to give me the handbook or what you do in the case of ...

September 16, 2018, 5:24 pm, 1899812

Ten years after the Panic of 2008 began, the hardest thing is dealing with the might-have-been in its immediate aftermath.  What if President Barack Obama had better understood the situation he inherited?

He might have emulated Franklin Delano Roosevelt and begun his term as explainer-in-chief. He might have devised some modern ...