Economic Theory

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Featured

From Corporate Pay To Private Prisons—Lessons From The Nobelists

by David R. Hendersonvia Wall Street Journal
Tuesday, October 11, 2016

What’s the best way to reward managers? Are contract jails a good idea? Professors at Harvard and MIT win for their insights.

Interviews

Ed Lazear On The Jobs Report, Wages

interview with Edward Paul Lazearvia CNBC
Friday, October 7, 2016

Hoover Institution fellow Ed Lazear talks about September's jobs report as well as structural and cyclical issues.

In the News

Trump Supporters Split On His Opposition To TPP, Survey Shows

quoting Kori Schakevia Guardian (UK)
Thursday, October 6, 2016

The findings suggest that politicians are not always in touch with the public mood, Kori Schake, a research fellow at the Hoover Institution at Stanford University, said during the same panel discussion: “One of the things that I found most interesting in the numbers is that 56% of Bernie Sanders’ supporters support the TPP. A vast majority of Hillary Clinton’s supporters support it and you would never know that from listening to the campaign rhetoric.”

Columns in the Precinct of the Priest of Poseidon, Delos, Greece
In the News

Harvey Mansfield on Aristotle on Economics

featuring Harvey C. Mansfieldvia The Weekly Standard
Wednesday, October 5, 2016

In economics, "We need a return to reason, to Aristotelian reason."

Analysis and Commentary

A Nobel Prediction

by David R. Hendersonvia EconLog
Wednesday, October 5, 2016

I have my wishes about who will win the Nobel Prize in Economics on Monday. But I always distinguish between what I want and what I expect.

Interviews

Robert Barro On The Santelli Exchange

interview with Robert J. Barrovia CNBC
Tuesday, October 4, 2016

Hoover Institution fellow Robert Barro discusses government policies and the economy.

Analysis and Commentary

The Case For Allowing Cash

by David R. Hendersonvia EconLog
Monday, October 3, 2016

There is a possible universe in which these arguments against cash would be true.

Analysis and Commentary

Trump Taxes

by John H. Cochranevia Grumpy Economist
Monday, October 3, 2016

As I see it, important points about the Trump tax affair are not yet reflected in media coverage. 1) This affair reflects the intrinsic difficulties of an income tax. 

Analysis and Commentary

Cathy O'Neil On Weapons Of Math Destruction

by Russ Robertsvia EconTalk
Monday, October 3, 2016

Cathy O'Neil, data scientist and author of Weapons of Math Destruction talks with EconTalk host Russ Roberts about the ideas in her book. O'Neil argues that the commercial application of big data often harms individuals in unknown ways.

Featured

Escaping The New Normal Of Weak Growth

by Michael Spencevia Project Syndicate
Friday, September 30, 2016

There is no question that the recovery from the global recession triggered by the 2008 financial crisis has been unusually lengthy and anemic. Some still expect an upswing in growth. But, eight years after the crisis erupted, what the global economy is experiencing is starting to look less like a slow recovery than like a new low-growth equilibrium. 

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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