Economics Roundtable

Technical Problems 1/21/15

The website was down for a day and a half, 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 .

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.


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The Austrian Economists

March 3, 2015, 5:33 pm, 1432812

|Peter Boettke|

One of the more ambitious and exciting educational ventures we have launched at the Mercatus Center at GMU over the past few years is our Adam Smith ...

March 2, 2015, 9:33 am, 1431670

|Peter Boettke|

The mantra of 'play hard, play smart, have fun' is something the basketball teams I coached from elementary school to MS to CYO to HS to AAU.  It is actually something I believe in for all our endeavors -- we must work hard, work smart, and derive ...

February 22, 2015, 1:33 pm, 1426898

|Peter Boettke|

Israel Kirzner made the trip to Lubbock, Texas last week and gave this public talk on "Economics and Entrepreneurship".  Ben Powell continues to develop the The Free Market Institute at a great pace and bring high quality economic educational experiences to the campus and the community.  Outstanding ...

February 18, 2015, 5:33 pm, 1424755

|Peter Boettke|


February 16, 2015, 5:33 pm, 1423381

|Peter Boettke|

My colleague Tyler Cowen is a champion of cognitive diversity and how the modern information economy is allowing a more extensive division of labor which enables the gains from trade that are to be found as a consequence of this diversity.  Tyler emphasizes the benefits side, but ...

February 10, 2015, 3:33 pm, 1419918

|Peter Boettke|

Methodological straightjackets usually kill creative thought.  Scholars need to be able to look at the world through different windows to bring new perspectives to bear on pressing problems.  As McCloskey has taught for over a generation, if you shine your flashlight over there to illuminate, you necessarily ...

February 9, 2015, 9:33 am, 1418884

|Peter Boettke|

With Greece attempting to negotiate terms with the EU and threatening to leave the EU unless more favorable terms are agreed to for a bailout, it makes sense to think about public debt issues.  Greece is certainly not alone with respect to its fiscal irresponsibility.

Take ...

February 4, 2015, 11:33 am, 1416105

|Peter Boettke|

Óscar Arnulfo Romero was shot while giving mass by a military official on March 24, 1980.  He was an outspoken critic of the injustice and crimes against humanity committed by the military establishment in El Salvador at the time.  Pope Francis has declared Romero a ...

February 3, 2015, 3:33 pm, 1415482

|Peter Boettke|

Hernando De Soto discussing the invisible walls to progress and the red-tape analysis that makes those walls transparent for all to see in the struggling country and beyond.

February 2, 2015, 7:33 pm, 1414854

Steven Horwitz

That's the title of a recent paper of mine that is now forthcoming in Social Philosophy and Policy, as part of a conference and symposium coordinated by Mark LeBar. I have put a draft version up at SSRN for those who would like to take a look at it. ...