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

Crooked Timber

"Out of the CROOKED TIMBER of humanity, no straight thing was ever made.”


August 11, 2018, 3:44 am, 1888423

It’s obvious enough by now that support for Trumpism in the US and elsewhere is motivated primarily by racial and cultural animus, and not (or at least not in any direct way) by economic concerns. Still, to the extent that Trumpism has any economic policy content it’s the idea that ...


July 24, 2018, 8:05 am, 1878849

… least for me. Princeton University Press has agreed to publish my book, Economics in Two Lessons: Why Markets Work and Why they can Fail so Badly. I’ve been working on it for seven years, but it’s finally done. It should be published in the first half of 2019.

Stay tuned ...


July 7, 2018, 12:35 am, 1873622

Nearly seven years after I started work, here’s the final draft chapter from my book-in-progress, Economics in Two Lessons. Thanks to everyone who commented on the first 15 chapters and encouraged me in the project as a whole.

I’ve had quite a few amusing snarks on Twitter to the effect that ...


July 3, 2018, 3:44 am, 1872515

My long-running book-in-progress, Economics in Two Lessons is nearly done. Thanks to everyone who commented on the first 14 chapters.

Here’s a draft of Chapter 15: Monopoly and the Mixed Economy. Only one more chapter to come after this

Comments, criticism and praise are welcome.

Earlier draft chapters are available. These ...


June 29, 2018, 10:05 pm, 1871905

My long-running book-in-progress, Economics in Two Lessons is nearly done. I have a nearly complete manuscript, and am hoping for news from the publisher soon. Thanks to everyone who commented on the first 13 chapters.

Here’s a draft of Chapter 14: Policy for full employment. Two more chapters to ...


June 21, 2018, 5:04 am, 1869336

Thanks to everyone who commented on the first twelve chapters of my book-in-progress, Economics in Two Lessons.

Here’s a draft of Chapter 13 on Redistribution

Comments, criticism and praise are welcome.

Earlier draft chapters are available. These aren’t final versions, as I am now editing the entire manuscript, but you can read ...


June 20, 2018, 12:05 pm, 1869110

For as long as I can remember, the philosopher’s stock example of a proposition that is morally controversial has been “torturing babies is wrong”. Yet it turns out that torturing babies, or at least toddlers, is US government policy, where that policy involves separating them from their parents, leaving them ...


June 16, 2018, 1:44 am, 1868032

Thanks to everyone who commented on the first eleven chapters of my book-in-progress, Economics in Two Lessons.

Here’s a draft of Chapter 12 on Predistribution

Comments, criticism and praise are welcome.

Earlier draft chapters are available. These aren’t final versions, as I am now editing the entire manuscript, but you can ...


June 5, 2018, 11:04 pm, 1864843

Thanks to everyone who commented on the first ten chapters of my book-in-progress, Economics in Two Lessons.

Here’s a draft of Chapter 11: Market failure: Information, uncertainty and financial markets
. Comments, criticism and praise are welcome.

Earlier draft chapters are available. These aren’t final versions, as I am now ...


May 16, 2018, 8:05 pm, 1858297

Thanks to everyone who the first nine chapters of my book-in-progress, Economics in Two Lessons.

Here’s a draft of Chapter 10: Market failure -Externalities and pollution. Comments, criticism and praise are welcome.

The book so far is available
Table of Contents
Introduction.
Chapter 1: What is ...