Tag Archives: US/Global Economics

by New Deal democrat Jamie Dimon on labor force participation and disability First of all, sorry for the light posting this week. I’ve had some urgent business I need to attend to irl. But I wanted to post this for future reference. Via Business Insider, this is from Jamie Dimon’s letter to stockholders: If the work participation rate for this group [men ages 25-54] went back to just 93% – the current average for the other developed nations – approximately 10...

by Barkley Rosser  (originally published at  Econospeak) Could Incompetence Lead To Reelection? I know, I know, it is way too early to talk about the presidential election of 2020, so maybe this is more relevant to midterms, and more likely it is just something merely momentary.  Nevertheless, it occurs to me that the increasingly apparent incompetence of our current president could possibly play into helping him get reelected in 2020. His incompetence is...

by Sandwichman Why Economists Are Bad At Economics If you want an informed, thoughtful analysis of the effects of robotization on productivity, investment, employment and wages, ask an art school professor. Jason E. Smith’s two-part series, “Nowhere to Go: Automation, Then and Now,” (part one and part two) at Brooklyn Rail cuts through all the statistical aggregation category errors to highlight the accumulation dilemma that economists just don’t seem capable...

Conversable Economist takes an interesting look at inequality: (worth a look…hat tip Spencer England) How Between-Firm Inequality Drives Economic and Social Inequality “The real engine fueling rising income inequality is `firm inequality’: In an increasingly winner-take-all or at least winner-take-most economy, the best-educated and most-skilled employees cluster inside the most successful companies, their incomes rising dramatically compared with those of...

Top 100 Economics blogs The Angry Bear blog is a very popular multi-author blog. This left-leaning blog provides incisive commentary on U.S./Economics, law and politics.

Via AngryBear Econ facebook page comes Dr. Robert Waldmann’s discussion of costs of healthcare and life expectancy  on Challenging Opinions. (among several others such as supply side economics…click the link above)

by Peter Dorman   (originally published at Econospeak) The Intersectionality that Dare Not Speak Its Name The New York Times ran a Nate Cohn piece today that epitomizes the way conventional liberals spin American politics.  On the one hand we have the turnout and voting preferences of people of color—blacks, Hispanics, Asian-Americans.  On the other we have whites and, in particular, the white working class.  Not much happened in the 2016 presidential...

Unlearning Economics is a person somewhere on planet earth. He or she has been debating with Simon Wren-Lewis and Nick Rowe (on twitter). Brad DeLong joined the discussion. But what about me. Elisabetta Addis (we’re married) just returned from Palermo. I was eager to talk with a physically present human being having not done so all day. First I said “Hodor” (and had to explain). Then, looking for a topic, I said, “Unlearning economics is someone who is...

Recently I learned about a proposal for Euro denominated “accountability bonds”. They are basically a clever way to enforce the stability and growth pact. I don’t like the pact, so I don’t support the proposal which I made by Clemens Fuerst here . The idea is that borrowing beyond the level allowed by the stability and growth pact could be financed only by special junior bonds. Owners of those bonds would lose everything before owners of senior bonds...

by Barkley Rosser (originally published at Econospeak) Complacency Or Community Commitment? Human And Social Capital Reconsidered I have been poking at Tyler Cowen’s recent book on The Complacent Class, along with those who have praised it unstintingly, with my main complaint being that what he calls complacency may really be fear.  In an exchange posted today between Tyler and Noah Smith at Bloomberg, Noah makes many of my points, saying that what people who...