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

Marginal Revolution

"Small steps toward a much better world”


June 19, 2018, 1:26 pm, 1868820

President Hery Rajaonarimampianina is weathering the latest in a series of political crises that have debilitated his nation since independence in 1960. In that period, Madagascar is the world’s only non-conflict country to have become poorer, according to the World Bank. Its income per head has nearly halved, to ...


June 19, 2018, 1:26 pm, 1868821

President Hery Rajaonarimampianina is weathering the latest in a series of political crises that have debilitated his nation since independence in 1960. In that period, Madagascar is the world’s only non-conflict country to have become poorer, according to the World Bank. Its income per head has nearly halved, to ...


June 19, 2018, 12:07 pm, 1868772

1. Rich Lowry on separating families, a contrarian view.  Some good points on broader context, but in my view even if he is completely right this is still a major PR disaster for the United States.  Nor does the law have to be the way it ...


June 19, 2018, 7:47 am, 1868681

The author is Priya Satia, and the subtitle is The Violent Making of the Industrial Revolution.  Here is one good bit:

In fact, there were so many transitions between peace and war that it is difficult to establish what “normal” economic conditions were.  Eighteenth-century Europeans accepted war ...


June 19, 2018, 12:37 am, 1868591

That is the topic of my latest Bloomberg column, here is one excerpt:

“What have been the really major advances of the past 20 years?” is one of the most common debated questions in my circles. The smartphone is probably nominated most often, while Google, ...


June 18, 2018, 9:06 pm, 1868581

That is the title of my Bloomberg column, here is my basic proposal:

Let’s take one-tenth of those women and move them from prison to house arrest, combined with electronic monitoring. That would allow for proximity to their children. If the U.S. isn’t plagued by a subsequent ...


June 18, 2018, 1:26 pm, 1868476

There is a new NBER working paper on those topics by Klaus Desmet, Avner Greif, and Stephen Parente:

A market-size-only theory of industrialization cannot explain why England developed nearly two centuries before China. One shortcoming of such a theory is its exclusive focus on producers. We show ...


June 18, 2018, 1:26 pm, 1868475

There is a new NBER working paper on those topics by Klaus Desmet, Avner Greif, and Stephen Parente:

A market-size-only theory of industrialization cannot explain why England developed nearly two centuries before China. One shortcoming of such a theory is its exclusive focus on producers. We show ...


June 18, 2018, 11:46 am, 1868422

June 18, 2018, 2:37 am, 1868269

Here is another left-over question from my recent talk:

How do you think about when it makes sense for to consume the most-recent news, in light of Robin Hanson’s “news isn’t about info”?  How would you advise the rest of us?

I consume the news avidly for (at ...