Economics Roundtable

NOTICE 4/30/18

The Economics Roundtable is back. The technical problem that has limited the set of blogs has been resolved. The RSS feed is, however, still not working.

Flushing caches will likely cause some old posts to show up for a day or two.

Employment as a Percentage of Population

The graph below shows employment as a fraction of population for people over 16 years old.

Click on the image to get a bigger version.

March 2017 Payroll Employment

Payroll employment has not grown impressively since 2000. Some baby-boomers retired, but that does not totally account for this graph.

Click on the image to get a bigger version.

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.

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.

RSS Feed

MV = PQ (Tim Schilling)

"Ideas and discussions about economic and financial literacy issues. This blog is an outreach service of The Powell Center for Economic Literacy.”

April 30, 2018, 8:08 pm, 1849500

April 30, 2018, 8:08 pm, 1849482
Greg Mankiw posts a great piece from a colleague at the University of Chicago.

Generation Gap Alert: I just talked about this with my freshmen at one of the universities where I teach. None of them knew the Abbott & Costello routine "Who's on First?"  Consequently, you may ...

April 30, 2018, 8:08 pm, 1849483

April 30, 2018, 8:08 pm, 1849484

April 30, 2018, 8:08 pm, 1849481
If you discuss the Chevy Volt with your students, you might want to use this. (HT to Carpe Diem.)

April 30, 2018, 8:08 pm, 1849479
Our natural propensity to "truck and barter" as Adam Smith would say:

(HT to Greg Mankiw)

April 30, 2018, 8:08 pm, 1849476
Economist James Buchanan has passed away.  Buchanan, along with Gordon Tullock, won the Nobel Prize for Economics in 1986 and is known for his work on public choice theory.

You can read his Nobel Prize lecture here.

I had several opportunities to hear Dr. Buchanan speak ...

April 30, 2018, 8:08 pm, 1849477
It's early in the semester and many of us who are teaching principles or survey courses are either just into choice or only recently moved on. Here's a great article from today's edition of The Wall Street Journal that sets up a choice that is sure to promote discussion.

April 30, 2018, 8:08 pm, 1849478
Courtesy of Wondermark.

April 30, 2018, 8:08 pm, 1849480
This is not appropriate for use in high schools. However, those of you who teach at the college or university level may find this helpful.  Econgirl at EconomistsDoItWithModels has a great illustration of non-price determinants of demand with the help of "the most interesting man in the world."