Friday, January 18, 2019

You Can Support Putting a Price on Carbon

If you are an economist and want to support a carbon tax and dividend plan, click here.

Update: Here is a somewhat over-the-top video by a student group backing the plan:

Wednesday, January 16, 2019

History of Econ Summer Camp

Those with an interest in the history of economic thought might want to consider this summer program. I have been told that the program is designed primarily for students in graduate programs in economics, though students in graduate school in other fields as well as newly minted PhDs will also be considered.

Humor from ASSA 2019

Thursday, January 03, 2019

ASSA 2019

I just arrived at the ASSA meetings in Atlanta. Readers of this blog might be interested in the following public events that I am involved with.

First, I will have a book signing to celebrate the publication of the 10th edition of my intermediate macro text. It is Saturday at 2:10 pm at the Worth Publishers booth. (I understand that copies are already going fast, so if you want one, you might stop by the booth earlier to pick it up.)

Second, I will be speaking at this session:

Saturday, January 5
What Should Students Learn From Intermediate Theory Classes?
Saturday, Jan. 5, 2019 10:15 AM - 12:15 PM
Atlanta Marriott Marquis, A706

Friday, December 28, 2018

Four Questions for the Year Ahead

Click here to read my column in Sunday's NY Times.

Tuesday, December 25, 2018

Merry Christmas

A Christmas message (be sure to check out the mouse-over text).

Sunday, December 23, 2018

How the Govt Shutdown Affects GDP

In this interview, CEA chair Kevin Hassett (around minute 4:00) dismisses the adverse impact of the government shutdown on real GDP. It seems to me that he is more wrong than right. Kevin appears to be assuming that government workers don't produce anything of value when they are at work, or that they will make up all the undone work when they return, so making them stay at home has no significant economic impact. If that were really the case, we should give them all shorter work weeks, so they can enjoy more leisure.

To me, that does not seem tenable. Take, for example, the national parks that are now closed because of the shutdown. Those families that would otherwise be enjoying them are suffering a true reduction in economic well-being that is forever lost.

My very rough calculation is that economic cost of the government shutdown is in the ballpark of about $100 million per day.

Tuesday, December 11, 2018

Trumponomics

Click here to read my review of  Trumponomics by Stephen Moore and Arthur Laffer.

Saturday, November 17, 2018

A Recent Interview

I am interviewed in N Magazine, starting on page 63.

Friday, October 26, 2018

Macro 10e

The 10th edition of my intermediate macro text is now available. Click here for more information.

Friday, October 19, 2018

Fun Fact of the Day

Support for free trade seems to be rising:











Source. Click on graphic to enlarge.

Friday, October 05, 2018

Surprising Truths About Trade Deficits

Click here to read my column in Sunday's NY Times.

Monday, October 01, 2018

Congratulations, Gita

Tuesday, September 25, 2018

Economics Teaching Conference

I will be talking at the annual conference of the National Economics Teaching Association, to be held October 25-26, 2018, in Phoenix, Arizona. If you are interested in learning more about the meeting, click here for more information.

Friday, September 21, 2018

Now I love Mike Pompeo

How can you not after this story?