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

Taking Hayek Seriously

"The Home Of The Friedrich Hayek Scholars Page”

Greg Ransom

April 30, 2018, 8:10 pm, 1849868

Economists do not understand Hayek.

They simply don’t.

I want here to explain in simple terms what economists don’t get, and what they would grasp if they were to ever understood what Hayek is doing.

Thomas Kuhn explains how roadblocks to explanatory success, and conceptual novelties inspired by explanatory failure, providing new avenues ...

April 30, 2018, 8:10 pm, 1849869

David Wilson has asked me to read his discussion of Hayek and the growing literature on multilevel selection modeling and the wider literature of human cultural evolution. This is my reply which I hope he will welcome in the spirit of filling the gap in the literature on “the ...

April 30, 2018, 8:10 pm, 1849867

Thomas Kuhn describes how science precedes working on normal science puzzles which have anticipated, non-problematic solutions. When those don’t work out, scientists begin to rethinking the conceptual space, the empirical problem to be explained, and the possible explanatory solutions to these re-thought problems, see for example, what Darwin, Einstein, and ...

April 30, 2018, 8:10 pm, 1849866

April 30, 2018, 8:10 pm, 1849865

My wife, my daughters, and I have lost our beautiful son and brother, James Ransom, 2003-2013 to the long-term psychological effects of a traumatic brain injury.  My family believes it is important that people know that James was not depressed, he was a boy with a pre-born intensity and stress-causing ...

April 30, 2018, 8:10 pm, 1849864

Darwin, Galileo, Mayr, Copernicus, Edelman, Newton, and Hayek all rethought the very fundamentals of their sciences, from the problems and explanatory strategies of their disciplines, to the logical status and conceptual role of the elements of their activities. Yet among these, only Hayek is attacked by professors for being a ...