Economics Roundtable

Database Maintenance 7/4/15

Routine database maintenance will induce some duplicated items for the next day or two.

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.


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.

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Marginal Revolution

"Small steps toward a much better world”

August 2, 2015, 2:04 am, 1520270

That is the new and excellent book by Sebastian Strangio, which you can think of as a post-Sihanouk look at the country from a political economy point of view.  Here are just a few bits:

The cruelty and callousness that allowed jilted wives to order and commit such brutal ...

August 1, 2015, 2:04 pm, 1520107

1. Princeton math oral exams.  This link is for only a few of you.

2. Personal injury lawyer birthday party for two-year olds.  This link is for a somewhat greater number of you.

3. Peter Brook returns to the Mahabarata.  See the remark at #1.

4. “…

August 1, 2015, 8:04 am, 1519922

Prior to 1800 or so there were no large differences in per-capita GDP between nations, differences were perhaps on the order of 2-3 at most. As modern economic growth took hold in some nations and not in others, between-country inequality increased dramatically with differences in per-capita GDP between nations of up ...

August 1, 2015, 8:04 am, 1519921

What to do?  What to see and where to eat?  How to think about the place?  Thanks in advance for your assistance…and is Novi Sad worth a day trip?

August 1, 2015, 6:04 am, 1519892


Isn’t it funny how so many people hold these two opinions in their heads at the same time:

1) Wall Street is just focused on the next quarter and they push corporations to have short term motives.

2) There was a stock market bubble 15 years ago built around bidding up ...

August 1, 2015, 2:04 am, 1519857

Tsuyoshi Shimmura, Shosei Ohashi, and Takashi Yoshimura have a new paper:

The “cock-a-doodle-doo” crowing of roosters, which symbolizes the break of dawn in many cultures, is controlled by the circadian clock. When one rooster announces the break of dawn, others in the vicinity immediately follow. Chickens are highly social ...

July 31, 2015, 4:04 pm, 1519610

The subtitle is Essential Writings by Our Greatest Thinkers, and the editor is Elizabeth D. Samet.  Here’s the shocking truth: these really are writings by our greatest thinkers!  Usually I am allergic to the topic of leadership and all the more allergic to edited volumes.  But this book ...

July 31, 2015, 12:04 pm, 1519454

July 31, 2015, 12:04 pm, 1519453

July 31, 2015, 4:04 am, 1519184

Smarter than the average bear: Panda tricked zookeepers into giving her an air-conditioned room, round-the-clock care and extra bamboo by pretending she was pregnant

Here is the full story, with videos, consider this speculative.  For the pointer I thank the excellent Mark Thorson, a loyal MR reader.