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.

The Classic Economic Models cover micro, macro, and financial markets.

RSS Feed

The Austrian Economists

October 17, 2016, 9:33 pm, 1684407

|Peter Boettke|

I am the current President-Elect of the Southern Economic Association and one of my primary responsibilities was organizing this year's conference in Washington DC November 19-21.

The program is now published and online for all to see.  Particular highlights in the program are the Distinguished Lecture, ...

October 11, 2016, 11:33 am, 1682720

|Peter Boettke|

First, lets acknowledge this is an excellent choice.  It is an excellent choice because of the substantive issues Hart and Holmstrom put on the table for economists to grapple with, it is an excellent choice because it signals the importance of economic theory in working through critical issues ...

October 6, 2016, 11:33 am, 1681432

|Peter Boettke|

You can see various pictures and documents in the Special Collections in Fenwick Library throughout the month.

September 26, 2016, 3:33 pm, 1678650

|Peter Boettke|

Are are our moral intuitions always destined to be at odds with the moral demands of the "Great Society"?



September 26, 2016, 3:33 pm, 1678649

September 13, 2016, 9:34 am, 1672477

|Peter Boettke|

Richard Ebeling has posted Lecture #3 which discusses the market as a process of competitive cooperation.  Richard focuses on the division of labor and the extent of the market.

Again, great stuff to think seriously about with your students.


 The critical question for political ...

September 12, 2016, 11:34 am, 1672176

|Peter Boettke|


Jayme's excellent summary of our conversation and the implications can be found here.

September 8, 2016, 9:34 am, 1671168

|Peter Boettke|

"Man must decide to sink or swim." Ludwig von Mises

Economics is about human action.


By the way, read Machlup's essay "What if Matter Could Talk?"

September 7, 2016, 7:34 pm, 1671007

|Peter Boettke|

I will be part of a discussion this weekend wrestling with Hayek's ideas.  Here is a book panel on the occasion of the release of the edition of The Constitution of Liberty that is in Hayek's Collected Works, besides general editor Bruce Caldwell, the panel also includes the editor ...

September 6, 2016, 1:34 pm, 1670570

|Peter Boettke|

"neglecting basic principles ... can lead to devastating consequences."

Listen to Chris Coyne talk about the opportunity cost of war, exporting democracy, and the nirvana fallacy.