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)


December 30, 2018, 5:46 pm, 1932906

It’s a commonplace that economics in the industrial democracies in the years after World War II took on many outward aspects of an engineering discipline. A “new welfare economics,” pioneered in Britain by A.C. Pigou, Nicholas Kaldor, John Hicks and others, led in the next generation in the US by ...


December 23, 2018, 11:46 pm, 1931676

For all the turmoil in Washington, the single most interesting item I read was a News and Comment story in Science about something that happened 125,000 years ago. During a 13,000-year interlude of warming between two ice ages, temperatures were only slightly higher than they are today.  Nevertheless an ...


December 16, 2018, 11:46 pm, 1929826

When John Authers departed the Financial Times for Bloomberg News earlier this autumn, he left behind a couple of bombshell articles that my friends still haven’t stopped talking about. After 29 years as one of the FT’s most admired commentators, the former editor of the paper’s vaunted Lex ...


December 9, 2018, 5:06 pm, 1927890

STOCKHOLM – Economic Principals is on the road again, gathering information, and has very little in the way of news to report.  The Nobel lectures in economic sciences, by William Nordhaus, of Yale University, and Paul Romer, of New York University, went off yesterday as scheduled. They can be viewed


December 2, 2018, 11:06 am, 1925777

The intellectual historian Frank Manuel introduced the term “philosophical history” to his readers in 1965 – at the height of the Cold War (but before the revolution in gender equality). He wrote, “The urge to place himself in a total time sequence – the real impetus to philosophical history ...


November 25, 2018, 5:05 pm, 1923771

At first glance, it might have seemed anticlimactic, even crushing.  The two young men had arrived together at the Massachusetts Institute of Technology in 1964, one from Swarthmore College, the other from Yale University. They completed their graduate studies three years later and, as assistant professors, taught together at Yale ...


November 18, 2018, 6:36 pm, 1922074

A thoughtful reader wrote last week to remind me of a column I wrote in September 2013.  He had made a note then to revisit Creating a New Responsibility five years on, after the 2018 mid-term elections.

First he quoted the last paragraph of the piece,

And in the longer term?  ...


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, ...