The Value of Value Chains
Usually, the action at the American Economics Association’s annual meeting revolves around weighty pronouncements by […]
A Museum Worth 100 Marcs
Economists are forever complaining about the public’s ignorance of economics. You can’t really blame the […]
Waiting for the Tooth Fairy
Four prominent economists at the Hoover Institution have published a new paper claiming that President Trump’s […]
Pushing Productivity
As I’ve talked to people about An Extraordinary Time, I’ve received a lot of questions […]
Economic Illusions
In my book An Extraordinary Time, I document the hubris of economists who thought they […]
The Truth About “Pro-Growth” Economics
Like every president, Donald Trump has promised to make the economy grow faster. Good luck […]
If It Can’t Go On Forever, It Will Stop
The American economist Herb Stein, whom I had the privilege of meeting a few times […]
Maybe We Have Too Much Infrastructure
Not far from where I used to live, in New Jersey, a light rail line […]
A New Survey Finds….
When it’s a slow day out in medialand, you can always count on a survey […]
Is the Age of Innovation Over?
For all their bushels of data and their powerful econometric tools, economists still know precious […]