Economic Theory

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Area 45: Michael Boskin Discusses The Left’s Agenda

interview with Michael J. Boskinvia Area 45
Wednesday, August 21, 2019

Are Democratic hopefuls offering sound ideas (Green New Deal, Universal Basic Income, Medicare-For-All) or economic illiteracy?

Interviews

Is A Recession Round The Corner? Hear It From Raghuram Rajan, The Man Who Predicted 2008 Correctly

interview with Raghuram Rajanvia CNBC
Monday, August 19, 2019

Hoover Institution fellow Raghuram Rajan, who predicted the 2008 crash correctly, is not too worried about the risks of a potential recession in the US.

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Area 45: Ed Lazear Assesses The Trump Economy

interview with Edward Paul Lazearvia Area 45
Wednesday, August 14, 2019

What might happen with tariffs, trade, currency manipulation, interest rates, employment, immigration, and the economy over the next year.

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Pacific Century: Richard McGregor, The Party, And Pushback Against Xi Jinping? Also, South Korea And Japan Trade War Heats Up

interview with Richard McGregor, Michael R. Auslin, John Yoovia The Pacific Century
Monday, August 12, 2019

Author Richard McGregor discusses what keeps Xi Jinping on top, but is Xi facing a fall?

Economic PolicyFeatured

San Francisco’s Flawed “IPO Tax” Proposal Would Tax So Much More

by Lee Ohanianvia California on Your Mind
Tuesday, July 30, 2019

San Francisco supervisors thought they had designed a wealth tax that would hit only those benefiting from the initial public offerings (IPOs) of highly successful San Francisco technology businesses, such as Uber, Pinterest, and Airbnb, among others. Tech companies often compensate employees partially with stock, whose values can rise enormously in an IPO.

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A Heavy, Quite Visible Hand

by Richard A. Epsteinvia Hoover Digest
Tuesday, July 16, 2019

Manipulated wages, housing shortages, rents set by government diktat—distortions abound. The market is a much better mechanism than government for matching supply and demand.

In the News

Worthless Paper: We Don’t Need No Degree!

quoting Michael Spencevia Deccan Herald
Thursday, July 11, 2019

If one rummages through economic theories, one finds three powerful ideas that show why education is important for society. Firstly, education ‘converts’ humans into human capital. This makes us productive and creative.

Featured

A Decade Of July 4th Debt Explosions: Are They Getting Less Spectacular?

by John B. Taylorvia Economics One
Thursday, July 4, 2019

Starting a decade ago, I’ve charted on Independence Day the most recent long-term projection of the federal debt by the Congressional Budget Office (CBO).

Featured

The Phillips Curve Is Still Dead

by John H. Cochranevia The Grumpy Economist
Sunday, June 30, 2019

Greg Mankiw posted a clever graph a month ago, which he titled "The Phillips Curve is Alive and Well."

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Reasonable Disagreements: In Defense Of Classical Liberalism (Among Other Things)

interview with Richard A. Epstein, Adam J. Whitevia Reasonable Disagreements
Wednesday, June 19, 2019

Who are the critics of classical liberalism—namely, modern-day advocates for socialism.

Pages

Economic Policy Working Group

 
The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.

Milton and Rose Friedman: An Uncommon Couple