Economics Roundtable

January 2014 Payroll Employment

We are getting closer to the previous peak.

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 .

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.

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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Taking Hayek Seriously

"The Home Of The Friedrich Hayek Scholars Page”

Greg Ransom

February 11, 2014, 5:03 pm, 1221549

February 11, 2014, 5:03 pm, 1221550

Available for pre-order from Amazon.  This is a major publishing event, folks, the volume of Hayek’s essays that everyone will want to have on the bookshelf.  This is the core of Hayek’s approach to understanding society and human knowledge, laid out in his best essays.  All in one place.  ...

February 7, 2014, 5:03 am, 1220296

February 7, 2014, 5:03 am, 1220294

Hayek on Individualism and Economic Order

Hayek on Economics and Knowledge

Hayek on The Use of Knowledge in Society

Hayek on Competition and Discovery

Hayek on Free Enterprise

Hayek on ...

February 7, 2014, 5:03 am, 1220295

THE MARKET AND OTHER ORDERS by F. A. Hayek  — purchase from Amazon

add to your Kindle

Volume 15 of The Collected Works of F. A. Hayek edited by Bruce Caldwell

Prologue: Kinds of Rationalism (1965)

Part I. The Early Ideas

One Economics and Knowledge (1937)

January 21, 2014, 3:03 am, 1212104

Tyler Cowen of Marginal Revolution gives a strong endorsement to Volume 15 in the Collected Works of F. A. Hayek, The Market and Other Orders edited by Bruce Caldwell:

“It is the best single-volume introduction to Hayek’s thought, if you are going to buy or read only one. It ...