Wednesday, February 17, 2021

Upcoming Webinar

I will be giving a webinar open to all on March 5. You can find more information and register here.


Tuesday, February 16, 2021

My recent "visit" to the LSE

Thursday, February 11, 2021

Fiscal Stimulus Around the World


Tuesday, February 09, 2021

CBO on the Minimum Wage

NPR reports:

Raising the federal minimum wage to $15 an hour by 2025 would increase wages for at least 17 million people, but also put 1.4 million Americans out of work, according to a study by the Congressional Budget Office released on Monday.

A phase-in of a $15 minimum wage would also lift some 900,000 out of poverty, according to the nonpartisan CBO. This higher federal minimum could raise wages for an additional 10 million workers who would otherwise make sightly above that wage rate, the study found.

Potential job losses were estimated to affect 0.9 percent of workers, the CBO wrote, adding: "Young, less educated people would account for a disproportionate share of those reductions in employment."

Monday, February 01, 2021

GameStop

Sebastian Mallaby was a good column on the GameStop phenomenon.

A family member also suggested a good hypothesis: The bubble is being being driven by internet trolls. The right model of a troll is a person willing to waste his time and money to get other people to waste their time and money. 

Tuesday, January 19, 2021

A Discussion about My Favorite Textbooks

Saturday, January 02, 2021

ASSA 2021

 If you want to see me at the upcoming virtual ASSA meeting, you can do so at this session:

Sunday, January 3, 12:15 PM to 2:15 PM (EST)

What Does Critical Thinking Mean in Economics, the Big and Little of It?


Hosted By: American Economic Association & Committee on Economic Education
  • Chair: Gail Hoyt, University of Kentucky

What Does Critical Thinking Mean in Economics, the Big and Little of It?

David Colander
Middlebury College
 
John Siegfried
Vanderbilt University
Discussant(s)
Daron Acemoglu
Massachusetts Institute of Technology
Melissa S. Kearney
University of Maryland-College Park
John A. List
University of Chicago
Gregory Mankiw
Harvard University
Deirdre McCloskey
University of Illinois-Chicago
Betsey Stevenson
University of Michigan

Tuesday, December 29, 2020

Should the stimulus checks be raised from $600 to $2000?

Larry Summers makes a good case that, on this issue, Mitch McConnell is right, and Donald Trump, Nancy Pelosi, and Chuck Schumer are wrong.

Saturday, December 26, 2020

A New Interview

Friday, December 04, 2020

On the Low Rate of Interest

Click here to read my column in this Sunday's New York Times.

Sunday, November 01, 2020

What I've Been Watching

I just finished The Queen's Gambit, the Netflix miniseries about a young woman who is an orphan and chess prodigy. Great show. Highly recommended.

Saturday, October 31, 2020

Trump rallies have killed 700 people

Tuesday, October 20, 2020

The airlines don't need a safety net

Monday, September 28, 2020

Economics Teaching Conferences

Readers of this blog might be interested in the annual conference of NETA, the National Economics Teaching Association, sponsored by Cengage, the publisher of my principles text. This year, the conference is October 22-23, virtual, and free. I will be speaking at 11 am on the 23rd. You can get information about the event by clicking here.

Also, a week earlier, I will be speaking at EconEd, a virtual conference organized by Macmillan, the publisher of my intermediate macro book.

Monday, September 21, 2020

Econofact Podcast

I was recently interviewed by Michael Klein for the Econofact podcast. You can listen to the podcast by clicking here.

Thursday, September 17, 2020

Call me 3380

Here is a website that uses some sort of computer algorithm to measure academic influence. Here is a ranking of most influential academics of all time. Aristotle, Darwin, Plato, Einstein, Marx, and Newton top the list. (I am number 3380.) Here is an article about recently influential economists.

Wednesday, September 09, 2020

Immunology, meet economics

Click here to read my column in this Sunday's New York Times.

Saturday, September 05, 2020

Comparing Two Recessions: Update

 The number of permanent job losses is rising but still nowhere near the level in 2008-2009. (Click on graphic to enlarge.)



Sunday, August 30, 2020

An Excellent Idea

From Robert Litan: Once a Covid vaccine is approved, pay people to take it

Wednesday, August 26, 2020

Teaching the Covid-19 Recession

This summer I have been working to prepare the manuscript for the 11th edition of my intermediate macroeconomics textbook, which will be available next year. Of course, the new edition will include a discussion of the current economic downturn and the policy response to it. 

To help those teaching undergraduate-level macroeconomics this year, I have posted a piece of the manuscript at this link. Feel free to distribute it to your students.