Economic Theory

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Fragile by Design Book Cover
Best Books Of 2014
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featuring Charles Calomiris, Stephen Habervia Financial Times
Robert Solow on Growth and the State of Economics
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by Russ Robertsvia EconTalk
The Economic Nuances of the Latest Nobel Laureate
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by David R. Hendersonvia Wall Street Journal
Economic Crisis
John Taylor's Reply to Alan Blinder
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by John B. Taylorvia Wall Street Journal
Economics Abstract
The Failure of Macroeconomics
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by John H. Cochrane mentioning John B. Taylor, Edward Paul Lazear, Robert E. Hallvia Wall Street Journal

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Analysis and Commentary

Christina Romer On Monopsony In U.S. Labor Markets

by David R. Hendersonvia EconLog
Tuesday, November 8, 2016

One argument for a minimum wage is that there sometimes isn't enough competition among employers. In our nation's history, there have been company towns where one employer truly dominated the local economy. 

Articles
Interviews

John Cochrane On Opinion Journal: Faster Growth Is Possible!

interview with John H. Cochranevia The Wall Street Journal
Monday, November 7, 2016

Hoover Institution fellow John Cochrane on why sclerotic growth isn’t necessarily the “new normal.” Cochrane wants to fix the economy so it works regardless of who is in the White House.

Videos
Interviews

Ed Lazear On The Larry Kudlow Show (1:19:42)

interview with Edward Paul Lazearvia Stitcher
Saturday, November 5, 2016

Hoover Institution fellow Ed Lazear discusses the jobs report and notes that it was okay, but the labor force participation rate/employment rate are not good.

Podcasts

Policy Seminar with Arthur Brooks

Tuesday, November 1, 2016
Annenberg Conference Room, Lou Henry Hoover Building

Arthur Brooks, president of the American Enterprise Institute (AEI), gave a talk on “Bringing America Back Together.” He started by arguing that the degree of polarization in America has reached unprecedented proportions. He suggested that institutions such as Hoover and AEI have an intellectual and moral responsibility to advocate the ideas on which they were formed. He believed that if such ideas were applied, the broad-based economic growth that would follow would take America away from the polarized situation it finds itself in right now. 

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Economics Abstract
Featured

Don’t Believe The Economic Pessimists

by John H. Cochranevia Wall Street Journal
Sunday, November 6, 2016

Memo to Clinton and Trump: The US economy can and will grow faster with the right policies.

Articles
Analysis and Commentary

The CEA's Mixed Thinking On Labor Market Monopsony, Part IV

by David R. Hendersonvia EconLog
Saturday, November 5, 2016

This is the last post in a series of four in response to the Council of Economic Advisers' recent report on monopsony in the labor market.

Articles
In the News

Does The Economy Really Need To Keep Growing Quite So Much?

quoting Michael Spencevia The Atlantic
Friday, November 4, 2016

Most things don’t grow forever. If a person grew at the same rate for his whole life, he’d become gigantic and perhaps perish (or else rule the world). Yet most economists are united around the idea that the economy needs to grow, always. And at a high rate, for the good of the country and its people.

Articles
Analysis and Commentary

Are Anti-Dumping Tariffs Intelligent?

by David R. Hendersonvia EconLog
Friday, November 4, 2016

One area in which I had always thought that Paul Krugman and I pretty much agreed close to 100% was his own area: international trade. His "Ricardo's Difficult Idea" is one of the best things ever written on trade and his Pop Internationalism is also excellent. 

Articles
Analysis and Commentary

Hooray For Our Side

by David R. Hendersonvia EconLog
Thursday, November 3, 2016

Now that I've had more time to think about the economists' statement against Trump, I've figured out more specifically what bothers me about it.

Articles
In the News

U.S. Has Failed To Ease Adjustment To Globalization And Free Trade, Says Alden In New Book

quoting Michael Spencevia Council on Foreign Relations
Thursday, November 3, 2016

In Failure to Adjust: How Americans Got Left Behind in the Global Economy, Council on Foreign Relations Bernard L. Schwartz Senior Fellow Edward Alden explains why the political consensus in support of trade liberalization has collapsed, and how to correct the course. 

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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