Technical Problems 3/9/15
The website was down several hours today, but is back up now.
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.
The best summary of the state of our economy is the graph (below) of employment as a fraction of population for people over 16 years old. The decrease is large, but the most troubling feature of the graph is the flat trend .
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.
Money Supply M1 growth is now over 20% per year over a 12 month lag. M1 growth has touched 20% before, but not with excess reserves of $1.6 trillion. Where is M1 headed?
The Economics Roundtable is sponsored by EconModel.
The Classic Economic Models cover micro, macro, and financial markets.
The Austrian Economists
Israel Kirzner joins a distinguished list of recipients of the Hayek Medal that includes Gary Becker, Vernon Smith, Viktor Vanberg and Geoff Brennan. Obviously, a well deserved honor, and again a subtle and brilliant lecture by Professor Kirzner.
The Society for the Development of Austrian Economics is pleased to announce the winners of the 2015 Carl Menger Essay Contest for undergraduate students. Professors Michael Thomas, Adam Martin, and Daniel Dâ€™Amico were this yearâ€™s judges. All entries were anonymous.
The prize comes with $500 plus a travel ...
A new blog has been established which will be of great interest to those interested in the history of political economy by Irwin Collier of the John F. Kennedy Institute for North American Studies of Freie UniversitĂ¤t Berlin-- Economics in the Rear-View Mirror, Archival Artifacts from ...
Webster's Dictionary defines science as follows:
Definition of SCIENCE
1: the state of knowing : knowledge as distinguished from ignorance or misunderstanding
2a : a department of systematized knowledge as an object of study
2b : something (as a sport or technique) that may be ...
I have a new working paper at SSRN on the role of unsupervised childhood play in enabling children to learn the skills and attitudes central to democracy and liberalism. It expands on a section of Chapter 8 of my forthcoming book Hayek's Modern ...
How We Came Back: Voices from Post-Katrina New Orleans is now published. Congratulations to Nona Martin Storr, Emily Chamlee Wright and Virgil Henry Storr for their hard work and dedication to listening and learning from those on-the-ground.
In my foreword to the book I write ...
No, I am not going to play TV critic. But instead just point to a recent paper by Rachel and Chris Coyne dealing with the economics ...
A new working paper is out by my colleagues at Mercatus -- "How the Internet, the Sharing Economy, and Reputational Feedback Mechanisms Solve the 'Lemons Problem.'" The lead author Adam Thierer has been doing some great work at Mercatus on entrepreneurship and public policy, and ...
As anyone who has a pulse and is interested in the public/popular discourse about economics as a science knows, Paul Romer has caused quite a stir with his "mathiness" charge against leading figures in the modern economic theory of growth.
Unlike in the past, however, this ...