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Economy

August 26, 2014

Can't Find a Job? Blame Obamacare - John C. Goodman, Forbes

Why can’t people find a job? One big reason is Obamacare. Three Federal Reserve Banks – in Philadelphia, New York and Atlanta – have released business surveys tha...

August 25, 2014

Ban Hiring Discrimination Against the Jobless? - Jeffrey Stinson, Stateline

The day Debra Wolverton was laid off from her retail sales job in June 2013, she stopped by some businesses on her way home in Austin, Texas, to ask for work. She was told to apply...

August 25, 2014

Piketty and General Laws of Capitalism - Acemoglu & Robinson, MIT

Thomas Pikettyís recent book, Capital in the Twenty First Century, follows in the tradition of the great classical economists, Malthus, Ricardo and Marx, in formulating &igr...

August 25, 2014

Democratic Presidents: Economy Boosters? - Robert Samuelson, Wash Post

It's a Democratic campaign consultant's dream: a study from two respected academic economists concluding that, since the late 1940s, the economy has consistently performed better u...

August 23, 2014

The 2014 Jackson Hole Economic Policy Symposium - FRBKC

The Federal Reserve Bank of Kansas City hosts dozens of central bankers, policymakers, academics and economists from around the world at its annual economic policy symposium, Aug. ...

August 22, 2014

'Helicopter Money' Works. Always. - Willem H. Buiter, Economics

The author provides a rigorous analysis of Milton Friedman’s parable of the ‘helicopter’ drop of money – a permanent/irreversible increase in the nominal stock of fiat base...

Most Recent Articles

August 22, 2014

What It Takes to Be Considered 'Rich' - Dylan Matthews, Vox

Rich people love few things like they love making up reasons for why they are not in fact rich. Personal Capital, a web-based money management application similar to Mint...

August 22, 2014

Women-Owned Businesses Stay Small - Sophie Quinton, National Journal

When Arabel Alva Rosales started her own technology consulting company, she had many advantages: a law degree from Chicago's DePaul University, experience working in state governme...

August 20, 2014

What Good Are Jobless Benefits? - Andrew Quinn, Pursuit of Happiness

Last spring, Washington was locked in partisan combat over unemployment insurance. You may remember this showdown as that time when Congress came to a screeching halt over intracta...

August 19, 2014

The Decline of Labor Force Participation - Steven Braun et al., VoxEU

The labour force participation rate in the US has fallen dramatically since 2007. This column traces this decline to three main factors: the ageing of the population, cyclical effe...

August 13, 2014

Immigrants and the Economy: A FAQ - Daniel Costa et al., EPI

While immigration is among the most important issues the country faces, misperceptions persist about fundamental aspects of this crucial topic—such as the size and compositio...

August 11, 2014

America's Disappearing Middle Class - Joel Kotkin, The Daily Beast

In ways not seen since the Gilded Age of the late nineteenth century, America is becoming a nation of increasingly sharply divided classes. Joel Kotkin’s The New Class Conflict...

August 11, 2014

Our Manufacturing Base Is Surprisingly Strong - Moran & Oldenski, VoxEU

There is indisputable evidence that manufacturing employment as a share of total employment in the US has been declining. This column argues that focusing on employment masks impor...

August 8, 2014

Where Have the Entrepreneurs Gone? - Robert Samuelson, Wash Post

We may have a "senile economy," says economist Robert Litan of the Brookings Institution. That's senile as in old, rigid and undynamic....

August 7, 2014

AI, Robotics, and the Future of Jobs - Aaron Smith & Janna Anderson, Pew

The vast majority of respondents to the 2014 Future of the Internet canvassing anticipate that robotics and artificial intelligence will permeate wide segments of daily life by 202...

August 6, 2014

How Inequality Is Dampening Growth - S&P Capital IQ

The topic of income inequality and its effects has been the subject of countless analysis stretching back generations and crossing geopolitical boundaries. Despite the tendency to ...

August 5, 2014

The Economic Toll of Offshoring - Adam Hersh & Ethan Gurwitz, CAP

The global economy is becoming a more integrated and competitive neighborhood. Driven by new investments and the jobs that come with them, the expansion of the global economy into ...

August 5, 2014

The Role of Entrepreneurship - Ryan Decker et al., JEP

An optimal pace of business dynamics—encompassing the processes of entry, exit, expansion, and contraction—would balance the benefits of productivity and economic growt...

August 4, 2014

Work and Worth - Robert B. Reich, Huffington Post

What someone is paid has little or no relationship to what their work is worth to society....

August 2, 2014

A Very 'Meh' Economic Recovery - Matthew Yglesias, Vox

Today's jobs numbers made July the sixth straight month in which the economy added over 200,000 jobs which — fun trivia fact — has not occurred since 1997....

August 1, 2014

The Real Unemployment Rate Is at Least 18 Percent - Peter Morici, Hill

Friday, the Labor Department is expected to report the economy added 235,000 jobs in July, and the unemployment rate remained steady at 6.1 percent, but that hardly tells the story...

July 30, 2014

Dollar Stores and the Problem With Capitalism - Matt Phillips, Quartz

The French economist Thomas Piketty could not have dreamed up a better illustration of the problematic and growing income inequality in the US than the&nbs...

July 29, 2014

Presidents Don't Have Control of the Economy - Derek Thompson, Atlantic

For years, Americans have listed the economy as their "most important problem," and it seems like countless elections have swung on candidates' sugar-coated promises to a...

July 29, 2014

Unemployment, and the Work 'Skills Shortage' Myth - Gary Burtless, RCM

The jobless rate has dipped to 6.1 percent, and businesses are already complaining about a skills shortage. Earlier this month the Wall Street Journal reported risin...

July 29, 2014

Does Econ 101 Apply to Immigration? - Robert VerBruggen, RealClearPolicy

It's basic economics: When supply expands, prices fall. So one might think that when immigrants increase the supply of labor, the price of labor -- that is, employee compensation -...

July 28, 2014

Unemployment Benefits Hurt the Recovery - Jeffrey Dorfman, Forbes

Back in December and January there was a fierce political fight over continuing the federal emergency extended unemployment benefits that had allowed people to collect unemployment...

July 28, 2014

Democratic Presidents and the U.S. Economy - Blinder & Watson, Princeton

The U.S. economy has grown faster—and scored higher on many other macroeconomic metrics—when the President of the United States is a Democrat rather than a Republican. ...

July 26, 2014

Big Cities' Housing Laws Harm the Economy - Emily Badger, Wash Post

For the last couple of years, San Francisco has been erupting with periodic protests aimed, rather imprecisely, at a nexus of grievances related to gentrification, affordable housi...

July 25, 2014

Expanding Opportunity in America - Rep. Paul Ryan, Budget Committee

Today, Chairman Ryan released a new discussion draft, “Expanding Opportunity in America.” The draft proposes a new pilot project to strengthen the safety net and discusses a nu...

July 21, 2014

California Hiked Taxes and Saw Job Growth - David Johnston, Sac Bee

Dire predictions about jobs being destroyed spread across California in 2012 as voters debated whether to enact the sales and, for those near the top of the income ladder, stiff&nb...

July 17, 2014

The Jobs Program We Need - Eric B. Schnurer & Daniela Glick, RCPolicy

There is some good news out of Washington: Bipartisan agreement has emerged on a major piece of legislation. The bad news: Congress missed a rare opportunity to demonstrate that it...

July 17, 2014

A Criminal Record Can Leave You Jobless - Kenneth Quinnell, AFL-CIO

When someone is convicted of a crime in the United States, the law provides a range of possible penalties. In most cases, there is some discretion for the judge in terms of the spe...

July 15, 2014

Habits of Effective Workforce Programs - Mazzara & Horwitz, Third Way

In his State of the Union address, President Barack Obama tapped Vice President Joe Biden to “lead an across-the-board reform of America’s training programs to make sur...

July 14, 2014

Policy Responses to the Global Economic Crisis - Richard Wood, VoxEU

The Global Crisis triggered a series of medium-term policy changes. This column reviews the effectiveness of some of these monetary, fiscal policies, and internal devaluation polic...

July 12, 2014

A Recovery Without the Middle Class? - Joel Kotkin, Forbes

What if they gave a recovery, and the middle class were never invited? Well, that’s an experiment we are running now, and, even with the recent strengthening of the jobs mark...

July 3, 2014

Policies That Stunt Job Growth - Peter Morici, Breitbart

July 2, 2014

The Great Recession's Long-Term Effects - Laurence Ball, VoxEU

According to macroeconomics textbooks, a fall in aggregate demand causes a recession in which output drops below potential output – the normal level of production given the econo...

June 27, 2014

A Path to Economic Security - Sen. Marco Rubio, National Review Online

Both of my parents were born into difficult circumstances. My father lost his mother as a young boy and had to quit school so he could go to work. My mother was raised by a disable...

June 27, 2014

Black Unemployment and Education - Young Invincibles

While the Great Recession continues to have ripple effects on our entire generation, young African Americans face unemployment rates that are twice that of their white peers. ...

June 26, 2014

How Obamacare Helped Crash the Economy - Daniel Gross, Daily Beast

Obamacare did help crash the economy. Only not in the way its critics thought it would....

June 26, 2014

Should We Tax Companies for Paying Their CEOs Well? - Korok Ray, e21

Next session the California state legislature plans to raise corporate taxes on companies with high CEO pay. A similar bill passed a California Senate committee on May 23, but died...

June 25, 2014

A Conservative Case for a Just Wage - Amber & David Lapp, Family Studies

In a previous post, “Marriage is a Community Affair,” David suggested that we must “think about the force field that helps to hold together or tear apart a m...

June 25, 2014

Our Economic Prospects - Lawrence H. Summers, NABE

In his February 24, 2014  remarks to the National Association of Business Economics, Summers said, “I want to take up these issues -secular stagnation, the idea tha...

June 24, 2014

A Weak Attack on Wealth Taxes - Jared Bernstein, On the Economy

While he acknowledges its diminishingly small probability of occurring, Thomas Piketty’s idea for a global wealth tax falls neatly out of his model wherein wealth accumulatio...

June 23, 2014

Lower Birth Rate, Slower Economy? - Jonathan Clements, MarketWatch

Over the past six decades, the U.S. has enjoyed real (after inflation) economic growth of 3% a year. But that 3% could soon become 1%, argues Robert Arnott, chairman of Research Af...

June 16, 2014

Our Continuing Economic Catastrophe - Ryan Avent, The Economist

IN JANUARY of 2008 there were 138,365,000 people employed in the American economy. In May of this year, according to the most recent figures from the Bureau of Labour Sta...

June 16, 2014

Why the Economy Is (Still) an Enigma - Robert Samuelson, Washington Post

Something interesting, unpredicted and possibly worrisome is occurring on financial markets. Stocks and bonds are sending mixed -- and conceivably contradictory -- signals on the e...