Economics Roundtable

May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

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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 .

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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.

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"Economics podcasts for daily life”

“Hosted by Russ Roberts”

August 18, 2014, 6:44 am, 1320173

Terry Anderson, Distinguished Fellow at the Property and Environment Research Center (PERC) and Senior Fellow at the Hoover Institution, talks to EconTalk host Russ Roberts about free-market environmentalism, the dynamics of the Yellowstone ecosystem, and how property rights can protect natural resources.


August 14, 2014, 6:44 pm, 1318763

This week, Roberts returned to a political-economy topic, law, with guest Barry Weingast of Stanford.

As always, we'd like to hear what you thought. So use the prompts below to share your thoughts and spark some conversation.

Check Your Knowledge:

1. What are the various components of law Weingast enumerates, ...

August 11, 2014, 6:44 am, 1315957

Barry Weingast, professor of political science at Stanford University and senior fellow at Stanford's Hoover Institution, talks with EconTalk host Russ Roberts about the nature of law. Weingast takes issue with some of the standard views of law, and proposes a better way to understand ...

August 7, 2014, 10:44 am, 1313812

This week's episode featured two guests, Reid Hoffman and Ben Casnocha of LinkedIn and co-authors of The Alliance and The Start-Up of You.

Whether you're looking to improve your own employment prospects, build a better team at work, or interested in the newest in tech ...

August 4, 2014, 6:44 am, 1310975

Reid Hoffman, co-founder of professional networking site LinkedIn, and Ben Casnocha, former Chief-of-Staff of LinkedIn, talk to EconTalk host Russ Roberts about LinkedIn and their book The Alliance. Hoffman and Casnocha discuss the founding and vision of LinkedIn along with their ideas in ...

July 30, 2014, 8:44 pm, 1308436

This week, Russ Roberts spoke with Y Combinator president Sam Altman about tech, innovation, Y Combinator's impact, and more.

Share your thoughts on this week's episode, exploring the prompts below. Or pose your own question(s) for conversation. Either way, we love to hear from you.

Check Your ...

July 28, 2014, 6:44 am, 1306325

Sam Altman, president of startup accelerating firm Y Combinator, talks to EconTalk host Russ Roberts about Y Combinator's innovative strategy for discovering, funding, and coaching groundbreaking startups, what the company looks for in a potential startup, and Silicon Valley's attitude toward entrenched firms. The two ...

July 24, 2014, 4:44 pm, 1304933

Roberts returns to the topic of development this week in his conversation with Columbia's Chris Blattman, advocate of a radical approach to fighting poverty.

Share YOUR thoughts on this week's episode...Join the conversation in the comments, or start your own offline. We love to hear from you!

Check Your Knowledge:

1. ...

July 23, 2014, 2:44 pm, 1303834

Chris Blattman of Columbia University talks to EconTalk host Russ Roberts about a radical approach to fighting poverty in desperately poor countries: giving cash to aid recipients and allowing them to spend it as they please. Blattman shares his research and cautious optimism about giving ...

July 14, 2014, 6:44 am, 1300505

D.G. Myers, literary critic and cancer patient, talks with EconTalk host Russ Roberts about the lessons he has learned from receiving a cancer diagnosis six years ago. Myers emphasizes the importance of dealing with cancer honestly and using it as a way to focus attention ...