|Filed Under:||Business & Finance / Economics|
|Posts on Regator:||2347|
|Posts / Week:||7.2|
|Archived Since:||June 7, 2008|
Over the next few days, I will be visiting a couple colleges in Alabama. If you happen to be in the area, you might be interested to know that I am giving a public lecture at Troy University on April 3. You can find information about it here.
As chairman of the Harvard economics department, I am delighted to announce the merger of the Harvard and MIT economics departments. After consulting with the department chairs, the Presidents of Harvard and MIT have concluded that the synergies were too great for the departments to operate separately, only two miles apart, as we have for many years. Show More Summary
From Brookings's Gary Burtless. A few very nice graphs here, based on CBO data.
I have been shooting a series of short videos to serve as chapter introductions for my favorite textbook. These will be available to those using the electronic version of the book, a rapidly increasing share of the market. Just for fun, here is a snapshot from yesterday's video shoot.
Bulverism.I had never heard this word, but a correspondent recently drew my attention to it. Coined by C.S. Lewis, it is a type of argumentation where you assume your opponent is incorrect then quickly move explain the causes of his folly. Show More Summary
Over the past few decades, there has been an amazing shift in how businesses are taxed. See the figure below, which is from CBO. Businesses are more and more taxed as pass-through entities, where the income shows up on personal tax returns rather than on corporate returns. Show More Summary
Paul Krugman responds to my post about a recent column of his. He is correct that not all economists agree that low capital taxation is desirable; he appropriately cites Diamond and Saez, who are on the high-capital-tax side of this debate. Show More Summary
If there ever was a niche product, this is it.
Today's column by Paul Krugman is classic Paul: It takes a policy favored by the right, attributes the most vile motives to those who advance the policy, and ignores all the reasonable arguments in favor of it.In this case, the issue is the reduction in capital taxes during the George W. Show More Summary
Click here to read my column in Sunday's NY Times.
According to a new paper coauthored by Alan Krueger, the short-term unemployment rate works better than the standard unemployment rate in explaining changes in inflation, and according to this measure, the economy was about at its NAIRU in 2013. This finding is related to issues I discussed in a recent Times column. Here is a relevant graph from the Krueger paper.
We all made this list.
Quicken Loans will pay you a billion dollars if you fill out perfect bracket for the NCAA men's basketball tournament. But given the odds, the expected value is still less than a penny.
Hundreds are in favor, hundreds are opposed.
This chart shows the percentage of male and female students who received a given grade in introductory economics course who then later majored in economics. Source.
The new Economic Report of the President is available here.
Here is a great article about Eugene Fama, Robert Shiller, and the debate over the informational efficiency of financial markets.
1. Paul Krugman says no.2. The Economist says yes.
Click on graphic to enlarge. Source.
I agree with the main point of Paul Krugman's latest blog post: When thinking about the welfare of a typical person in society, income inequality is more important than mobility. But this sentence struck me as more wrong than right:Show More Summary