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.


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Ludwig von Mises Institute Articles


November 21, 2018, 7:28 am, 1923046

Last week, a team of researchers under the auspices of the Nuffield Department of Population Health (NDPH) at Oxford University published an article in the online journal Public Library of Science ONE. The article purports to calculate “economically optimal tax levels for 149 world ...


November 21, 2018, 7:28 am, 1923047

Last week, a team of researchers under the auspices of the Nuffield Department of Population Health (NDPH) at Oxford University published an article in the online journal Public Library of Science ONE. The article purports to calculate “economically optimal tax levels for 149 world ...


November 20, 2018, 8:09 pm, 1922920

The news in Latin America this year has brought two reminders that Latin America's stringent gun controls have not stemmed the growing homicide problem in many parts of the region.

The first is that homicides reached new highs in Mexico this year , reaching record levels not seen ...


November 20, 2018, 3:08 pm, 1922824

By the "benevolent nature of capitalism," I mean the fact that it promotes human life and well-being and does so for everyone. There are many such insights, which have been developed over more than three  centuries, by a series of great thinkers, ranging from John Locke to Ludwig von Mises and ...


November 20, 2018, 12:39 pm, 1922729

Mainstream opinion writers have opined that Bitcoin mining is too energy intensive. They say it contributes to climate change, or that it simply takes more energy than a monetary system is justified in taking, and is a "potentially catastrophic energy guzzler." Bitcoin and other cryptocurrencies are ...


November 20, 2018, 7:28 am, 1922573

I met Daniel Lahoud in Rosario (Argentina) in 2008. He had submitted a very interesting paper to the International Conference I organize every two years – “The Austrian School of Economics in the 21st Century.” From then on he had participated in every Austrian Conference with the exception of 2014. That ...


November 19, 2018, 5:28 pm, 1922420

Money supply growth slowed in October, falling to the lowest rate recorded since February of this year. Overall, money-supply growth remains well below the growth rates experienced from 2009 to 2016, and has fluctuated very little since March.

In October, year-over-year growth in the money supply was at 3.7percent. That was ...


November 19, 2018, 3:28 pm, 1922387

In this 32-minute talk, Jörg Guido Hülsmann examines and summarizes Mises's insights and innovations in understanding money, its origins, and its purposes. Presented at the 2011 Supporters Summit in Vienna, Austria, on 20 September 2011. Includes an introduction by Douglas E. French.


November 19, 2018, 12:09 pm, 1922302

In Human Action , Ludwig von Mises identified two patterns for the realization of socialism. The first, which he called “the Lenin or the Russian pattern” is “purely bureaucratic. All plants, shops, and farms are formally nationalized.” The second pattern, Mises said, is “the Hindenburg ...


November 19, 2018, 9:48 am, 1922237

This talk was delivered at the Abbeville Institute's conference on Secession and Nullification in Dallas, Texas on November 10, 2018.

My talk today is about decentralization and epistemology. At the outset I wish to disclaim any specialized expertise in this subject. I’m a lawyer by training who loves literature and earned ...