Monthly Archives: December 2014

Economic Outlook for the New Year

Justin Wolfers writes, Typically, an oil price decline is like a tax cut, leaving more money in consumers’ pockets to spend elsewhere. That should spur growth. But since the shale boom, the United States is not only a leading oil … Continue reading

Posted in Growth Causes and Consequences, Tyler Cowen is my Favorite Blogger | 14 Comments

Brad DeLong Starts a Labor Market Chartfight

He writes, If the US economy were operating at its productive potential, the share of 25 to 54-year-olds who are employed ought to be what it was at the start of 2000. Back then there were few visible pressures leading … Continue reading

Posted in labor market, Mark Thoma is Indispensable | Comments Off

Jason Collins on Colander and Kupers

He writes, Overall, Complexity and the Art of Public Policy is a good book. However, the last third of the book did not convince me that complexity theory arms us with many new policy tools. A complexity frame punches holes … Continue reading

Posted in books and book reviews, Jason Collins is Indispensable | 3 Comments

Real Political Science

Hans Noel writes, What is a special interest? Why, it is an interest opposed to the “general interest” or collective will. But see items #2 and #3 above: There ain’t no such thing. Special interests are labor and business. They … Continue reading

Posted in public choice | 4 Comments

Ira Katznelson is this respected?

I just finished Fear Itself, his book on the Roosevelt-Truman years. My final reaction was, “Well written, interesting perspective, looks at political economy with about as much sophistication as Occupy Wall Street.” I looked him up to see if he … Continue reading

Posted in books and book reviews, Economic History | 9 Comments

Charles A.E. Goodhart Does Not Heart SPOE

He writes, there is no doubt that it is a clever and subtle idea. But there is no account of what might happen after this recapitalisation (of the op-co) has been put in place. In a game with many rounds, … Continue reading

Posted in financial markets | 2 Comments

Why Did the South Not Converge?

From Ira Katzelson’s Fear Itself, For even as industrialization was proceeding elsewhere, the South remained overwhelmingly rural and poor, with depleted land, a lquasi-feudal tenure system based on debt and fear, and many bankruptcies and foreclosures. The New Deal thus … Continue reading

Posted in books and book reviews, Economic History, Growth Causes and Consequences | 14 Comments

More Never-Married Women than Men?

Pew’s George Gao writes, the share of American adults who have never been married is at an historic high. In 2012, one-in-five adults ages 25 and older had never been married. Men are more likely than women to have never … Continue reading

Posted in statistical methods | 13 Comments

The Threat of Debt

Luigi Buttiglione, Philip R. Lane, Lucrezia Reichlin and Vincent Reinhart write, Contrary to widely held beliefs, the world has not yet begun to delever and the global debt-to-GDP is still growing, breaking new highs. At the same time, in a … Continue reading

Posted in financial markets, government debt crisis | 2 Comments

American Politics in the 1930s

Carl Eric Scott reviews some books on the period, including Fear Itself by Ira Katznelson. Katznelson shows us that there were German Nazi efforts in the 1930s to find and cultivate political allies in the American South, i.e., ones willing … Continue reading

Posted in books and book reviews, Politics | 6 Comments