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


September 21, 2018, 3:07 pm, 1901545

"The business of buying weapons that takes place in the Pentagon is a corrupt business — ethically and morally corrupt from top to bottom. The process is dominated by advocacy, with few, if any, checks and balances. Most people in power like this system of doing business and do not ...


September 21, 2018, 12:38 pm, 1901503

Democratic governments, almost all of them, are normally run by career pols. They have ravenous appetites for wealth. They almost always have big plans to expand the government, which means they always want more money. (I remember Hillary Clinton’s recent book, What Happened. Here she spoke about her plans for ...


September 21, 2018, 10:08 am, 1901448

We take a break from economics this week to welcome our old friend Jim Bovard for an unflinching look at the disastrous politicization of everything in America. The nasty fight over Brett Kavanaugh's Supreme Court confirmation is only the latest example of a trend Rothbard identified decades ago, one that ...


September 21, 2018, 7:27 am, 1901414

Only for a short while did the collapse of the Soviet Union silence Marxism. The fatal attraction of the thoughts of Karl Marx has returned — not because they are right but because they are wrong. Marxism serves to convert resentment into a social problem. Marxism is ...


September 20, 2018, 6:38 pm, 1901293

Today's headline at The Wall Street Journal looks wonderful: "U.S. Household Net Worth Neared $107 Trillion in Second Quarter." The journal is reporting on a new report form the federal reserve.

Unfortunately, the fact that the aggregate national net worth is up doesn't tell us ...


September 20, 2018, 3:47 pm, 1901267
Volume 2, No. 1 (Spring 1999)

 

One of the most dependable ways of demonstrating the inconsistency of a general principle, theory, or proposition is to deduce some necessarily contradictory consequences from its major premises. In 1849, Gustave de Molinari confronted his fellows at the Journal Des Economistes—a bastion of free-market thought—with ...


September 20, 2018, 12:38 pm, 1901201

We are constantly bombarded with bad news. There are disasters, dangers, challenges, and woes. On the political scene, we find perpetual discord peppered with lurid denunciations and shrill condemnations. Media reports are alternately dismaying, disappointing, distressing, disgusting, or depressing. But despair not, friends: All is not lost!

Here let me serve ...


September 20, 2018, 10:08 am, 1901143

Although students of Austrian economics are familiar with Mises, Hayek, and the other major figures of the school, there are many economists who worked in and around the Austrian tradition—and made crucial contributions to it—whose writings are today neglected. One of the most significant of these is the American


September 20, 2018, 7:27 am, 1901084

Europe is today in the midst of a debate on the future of the European Union. It is not the first one: back before the Maastricht Treaty was passed in 1992, political leaders were discussing as well about where the EU, or as it was called back then, the European ...


September 20, 2018, 7:27 am, 1901083

The socialist policies of the Venezuela government continue to impose a living hell on its people. Hyperinflation has turned its currency to literal garbage. Mortality rates have skyrocketed for groups such as infants, pregnant mothers and the elderly as clinics have shut down and medicine grown scarce. Food has ...