Economic Theory

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Featured

Micro Vs. Macro

by John H. Cochranevia Grumpy Economist
Monday, August 22, 2016

The cause of sclerotic growth is the major economic policy question of our time. The three big explanations are 1) We ran out of ideas (Gordon); 2) Deficient "demand," remediable by more fiscal stimulus (Summers, say) 3); Death by a thousand cuts of cronyist regulation and legal economic interference.

Analysis and Commentary

Do Steps Toward Freedom Create Net Benefits?

by David R. Hendersonvia EconLog
Sunday, August 21, 2016

Noah Smith recently wrote a piece titled "Being an Ideologue Means Never Having to Say You're Wrong."

In the News

Harmon: Elites Happy To Pass Off Burden

quoting Victor Davis Hansonvia Central Maine
Friday, August 19, 2016

The well-connected and wealthy don't feel the results of their agendas.

Featured

The Staying Power Of Staggered Wage & Price Setting In Macro

by John B. Taylorvia Economics One
Thursday, August 18, 2016

The new Handbook of Macroeconomics is now in production as all 34 chapters have been submitted (by 74 different authors). It will be out later this year. Harald Uhlig and I edited the book, and we each contributed a chapter. My chapter (a draft appears as an NBER Working Paper) is on the staggered price and wage setting model.

Analysis and Commentary

Social Security Reformer

by David R. Hendersonvia EconLog
Thursday, August 18, 2016

The Committee for a Responsible Federal Budget has come up with a very clever tool. It's called "The Reformer: An Interactive Tool to Fix Social Security." Notice that it's to fix Social Security, not what I would like to see, which is abolition. But still, it's very clever and, assuming the underlying model is done right, it's illuminating.

Featured

The New Voodoo

by John H. Cochranevia Grumpy Economist
Thursday, August 18, 2016

Scott Summner sums up contemporary stimulus proposals well ...Old hydraulic Keynesianism from the 1960s was already a pretty implausible model.

Paul Gregory
Interviews

Paul Gregory On The John Batchelor Show (12:50)

interview with Paul R. Gregoryvia The John Batchelor Show
Wednesday, August 17, 2016

Hoover Institution fellow Paul Gregory discusses his Forbes article "Do Alternative Estimates Show China Entering A Period Of Stagnation?"

Featured

The Facts About NAFTA

Tuesday, August 23, 2016
Hoover Institution, Stanford University

The Hoover Institution hosts the "The Facts About NAFTA " on Tuesday, August 23, 2016 from 4:00pm - 5:00pm (PDT). The event was livestreamed and can be viewed below.

Event
In the News

California’s Top Export Continues To Be Its Middle Class

quoting Carson Brunovia Breitbart.com
Wednesday, August 17, 2016

In the latest update by the IRS for the period of 2013 to 2014, California exported a net 57,900 citizens, whose average incomes were $7,100 higher than the state’s average.

FeaturedBlank Section (Placeholder)

The Libertarian: "The Future Of Obamacare"

interview with Richard A. Epsteinvia Hoover Daily Report
Wednesday, August 17, 2016

As insurers abandon Obamacare exchanges, is the program beginning to unravel?

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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