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
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. ...
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 yearâ€™s judges. All entries were anonymous.
The prize comes with $500 plus a ...
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 ...
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 ...
Here is a link to GMU Job Market Candidates. Please spread the word --- excellent teachers, solid researchers, and great departmental citizens. Scoop them up.
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 ...
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, ...
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 ...
For the past several years, the scientific intelligence company Thomson Reuters releases their prediction for the current years Nobel Prizes based on citation data. The predictions have tended to be solid in the natural sciences, less so in the field of economics. Nevertheless, once the ...