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”

September 15, 2014, 6:44 am, 1334948

Elizabeth Green, author of the new book Building a Better Teacher: How Teaching Works (and How to Teach it to Anyone), talks with EconTalk host Russ Roberts about the art of teaching and the history of various reforms, mostly failed, trying to improve teaching in ...

September 8, 2014, 6:44 am, 1330925

Paul Pfleiderer, C.O.G. Miller Distinguished Professor of Finance at the Graduate School of Business at Stanford University, talks with EconTalk host Russ Roberts about his recent paper critiquing what Pfleiderer calls "Chameleon Models," economic models that are thought to explain the real world with little ...

September 1, 2014, 6:44 am, 1327352

Nathan Blecharczyk, co-founder and chief technology officer of Airbnb, talks with EconTalk host Russ Roberts about Airbnb, one of the earliest companies to use technology to allow individuals to share underused resources, and in the case of Airbnb, housing. Blecharczyk and Roberts discuss how a ...

August 26, 2014, 4:44 pm, 1324892

This week, Russ Roberts chatted with former Stanford professor and Coursera co-founder Daphne Koller about the present and future of online education.

We'd like to hear your thoughts about blended learning and/or online education. Use the prompts below and post your response in the comments, or start your own conversation ...

August 25, 2014, 6:44 am, 1323883

Daphne Koller of Coursera talks with EconTalk host Russ Roberts about online educational website Coursera and the future of education both online and via bricks-and-mortar. Koller, co-founder of Coursera with Andrew Ng, explains how Coursera partners with universities, how they try to create community and ...

August 21, 2014, 12:44 am, 1322094

This week Roberts discussed free-market environmentalism with Terry Anderson, of the Property and Environment Research Center and the Hoover Institution.

FME's unique combination of free-market principles and environmental stewardship may not be as radical as when it was introduced, yet still is not mainstream. Let us know your thoughts ...

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 ...