Economics Roundtable

May 2014 Payroll Employment

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

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Jobs

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.


EconModel

The Economics Roundtable is sponsored by EconModel.

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


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EconTalk

"Economics podcasts for daily life”

“Hosted by Russ Roberts”


August 29, 2016, 6:44 am, 1668335

Leo Katz, professor of law at the University of Pennsylvania, talks with EconTalk host Russ Roberts about his book, Why the Law Is So Perverse. Katz argues that certain seemingly inexplicable features of the law are the result of conflicts ...


August 25, 2016, 8:44 pm, 1667706


EconTalk host Russ Roberts welcomes back favorite guest Michael Munger of Duke University for a complex discussion of slavery and the evolution of racial attitudes in the 19th century American South. ...


August 22, 2016, 6:44 am, 1666411

Michael Munger of Duke University talks with EconTalk host Russ Roberts about how attitudes in the American South toward slavery evolved over time and what we can learn from that evolution about the role culture plays in our lives. ...


August 17, 2016, 2:44 pm, 1665291

Did you know Moby Dick was a flop until well after Herman Melville's death? Which author of today will be the most highly regarded 100 years from now? Which rock star? Which ...


August 15, 2016, 6:44 am, 1664337

Chuck Klosterman, author of But What If We're Wrong, talks with EconTalk host Russ Roberts about the possibility that things we hold to be undeniably true may turn out to be totally false in the future. This wide-ranging conversation ...


August 11, 2016, 4:44 am, 1663330

Is it possible to capture all the world's knowledge in one place, and make it universally shareable? While this seems like a tall order, it's exactly what Adam D'Angelo is trying to ...


August 8, 2016, 6:44 am, 1662039

Adam D'Angelo, CEO of the question and answer website, Quora, talks with EconTalk host Russ Roberts about the history, evolution, and challenges of Quora. Along the way they discuss the aggregation of knowledge and the power of experiments for ...


August 4, 2016, 10:44 pm, 1661045

Why do sports contests have such a unique propensity to engage- and even inspire- us? Is this a phenomenon unique to the past few decades, or has this always been the case? EconTalk host Russ Roberts sat down with Matthew Futterman, author of Players: The Story of Sports ...


August 1, 2016, 6:44 am, 1659435

Fifty years ago, many of the best players in the National Football League took jobs in the off-season to augment the salaries they earned playing football. Matthew Futterman of the Wall Street Journal and author of Players talks with EconTalk ...


July 29, 2016, 2:44 pm, 1658706

What's the secret of success? Doesn't everyone want to know the answer to that question??? This week, EconTalk host Russ Roberts sat down with Angela Duckworth to discuss her work on Grit, which she defines as a combination of passion and perseverance for challenging, long-term goals.

Can grit be ...