Economics Roundtable

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 .

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.

Remember M1?

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?

Click on the chart for a larger version.


The Economics Roundtable is sponsored by EconModel.

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The Austrian Economists

October 28, 2014, 11:33 am, 1359076

|Peter Boettke|

Richard Ebeling has a very nice overview article on Israel Kirzner and his contributions to economic science and the political economy of freedom.

October 20, 2014, 3:33 pm, 1354270

|Peter Boettke|

Coming to a PBS station near you -- Water Williams: Suffer No Fools.  

It is one of the great honors of my life to have been hired at GMU when Walter Williams was the Department Chairman.  Walter signs his articles and books, Walter E. ...

October 20, 2014, 9:33 am, 1354022

The Society for the Development of Austrian Economics is pleased to announce the winners of the 2014 Carl Menger Essay Contest for undergraduate students. Professors Daniel Smith, Michael Thomas, and Adam Martin were this year’s judges. All entries were anonymous.

The prize comes with $500 plus a ...

October 17, 2014, 11:33 am, 1353001

|Peter Boettke|

I am visiting the Free Market Institute at Texas Tech University for this week and next.  What is going on here is truly special intellectually and institutionally!  The energy and excitement among the faculty, graduate students, the upper administration of the university, and the community ...

October 14, 2014, 1:33 pm, 1350965

October 14, 2014, 9:33 am, 1350796

|Peter Boettke|

So as readers of this site no doubt know, Israel Kirzner did not get the call from Sweden that we were hoping for.  A prize for the development of entrepreneurship theory and practice does seem prize worthy and perhaps one day this still will happen.  But this ...

October 13, 2014, 5:33 pm, 1350444

|Peter Boettke|

Here is a link to GMU Job Market Candidates.  Please spread the word --- excellent teachers, solid researchers, and great departmental citizens.  Scoop them up.

Here is a list of our current PhD Fellows, and a list of current Adam Smith Fellows. ...

October 7, 2014, 11:33 am, 1347351

|Peter Boettke|

On October 2, 2014, our F. A. Hayek Program for Advanced Study in Philosophy, Politics and Economics held a large public event to celebrate and critically examine the impact of F. A. Hayek's receipt of the Nobel Prize in Economic Science in 1974.  A public ...

September 29, 2014, 9:33 am, 1342920

|Peter Boettke|

Ludwig von Mises was born on this day in 1881.  He would live his mark as one of the greatest teachers of economics in the 20th century, and perhaps, I would argue, the greatest systematic economic thinker history has ever known.  On the occasion of his birthday, ...

September 28, 2014, 3:33 pm, 1342622

This past Thursday I had the pleasure of giving a dinner address to the Institute for Humane Studies Board of Directors. The purpose of the event was to honor Jerry Fullinwider upon his retirement from the IHS Board. Jerry was a founding member of the Board ...