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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Interviews

Hoover's Robert Barro: 'Too Much Attention Paid to Central Banks' Daily Actions'

interview with Robert J. Barrovia TheStreet
Thursday, September 15, 2016

Hoover Institution fellow Robert Barro discusses central banks and his belief that global markets pay too much attention to the daily movements of these organizations. He also believes that the Fed and the Bank of England should have "moved in the opposite direction" and he feels that they should have short term nominal interest rates at about a 2% to 3% range.

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Analysis and Commentary

Jonathan Lipow On the Role Of Government

by David R. Hendersonvia EconLog
Thursday, September 15, 2016

As such, those on the left or the right of America's political spectrum may regard the proposals I offered in this book as an incoherent hodgepodge.

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Novel Research On Elections, Policymaking, Economic Uncertainty

by John B. Taylorvia Economics One
Wednesday, September 14, 2016

The Becker Friedman Institute of the University of Chicago and the Hoover Institution of Stanford University teamed up yesterday to put on a Conference on Elections, Policymaking, and Economic Uncertainty. The conference was held at the Hoover Institution Offices in Washington D.C. Steve Davis, Lars Hansen and I organized it. 

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Analysis and Commentary

The Necessity Of The Rich

by Richard A. Epsteinvia The Wall Street Journal
Wednesday, September 14, 2016

Steve Jobs may have earned huge profits from his innovations, but they pale in comparison with the value of the iPhone to its users.

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John H. Cochrane
Interviews

John Cochrane: Growing Risks To The Budget And The Economy

interview with John H. Cochranevia YouTube
Wednesday, September 14, 2016

Hoover Institution fellow John Cochrane gives testimony concerning the growing risks to the budget and the economy. The following is his testimony before the House Committee on Budget.

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Analysis and Commentary

The Dynamics Of Poverty

by David R. Hendersonvia EconLog
Wednesday, September 14, 2016

Every year at this time, when the U.S. Census comes out with its report on incomes and poverty, there is a special section titled "The Dynamics of Poverty." It always shows that there is mobility between income categories, even in the short run, and that poverty is temporary for most people in America who experience it. Virtually all reporters ignore it.

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Testimony

by John H. Cochranevia Grumpy Economist
Wednesday, September 14, 2016

I was invited to testify at a hearing of the House budget committee on Sept 14. It's nothing novel or revolutionary, but a chance to put my thoughts together on how to get growth going again, and policy approaches that get past the usual partisan squabbling.

Articles
Analysis and Commentary

My Case For Activism

by David R. Hendersonvia EconLog
Tuesday, September 13, 2016

The person who says it cannot be done should not interrupt the person doing it.

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Analysis and Commentary

Glaeser And Summers On Infrastructure

by John H. Cochranevia Grumpy Economist
Tuesday, September 13, 2016

Ed Glaeser has a superb essay on infrastructure at City Journal, titled "If you Build It.." I have a few excerpts, but do go and enjoy the whole thing. Larry Summers also has a new blog post on infrastructure, with some fascinating bits if you read carefully. 

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Interviews

Former Fed Governor Kevin Warsh: Fed Wants A Weaker Dollar

interview with Kevin Warshvia Bloomberg
Tuesday, September 13, 2016

Hoover Institution fellow Kevin Warsh discusses Fed comments on the US dollar as well as what the Fed is doing to meet inflation targets.

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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