Occupation: Economist Birth: February 28, 1953
There is no economic policy. That's really important to say. The general modus operandi of the Bushies is that they don't make policies to deal with ….
as an economics professor I am by nature inclined to the view that the truth isn't out there, it's in here - that usually you learn a lot more by thi….
Not all private equity people are evil. Only some..
Where's that toxic rhetoric coming from? Let's not make a false pretense of balance: it's coming, overwhelmingly, from the right. It's hard to imagin….
The growth of the Internet will slow drastically, as the flaw in 'Metcalfe's law'–which states that the number of potential connections in a network ….
The problem isn't that people don't understand how good things are. It's that they know, from personal experience, that things really aren't that goo….
If you are a good economist, a virtuous economist, you are reborn as a physicist. But if you are an evil, wicked economist, you are reborn as a socio….
If Europe’s example is any guide, here are the two secrets of coping with expensive oil: own fuel-efficient cars, and don’t drive them too much..
Yes, over the centuries economic progress has reduced some gross disparities - modern Americans are relatively unlikely to simply starve to death (th….
Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the….
This is a serious analysis of a ridiculous subject, which is of course the opposite of what is usual in economics..
Europe is often held up as a cautionary tale, a demonstration that if you try to make the economy less brutal, to take better care of your fellow cit….
In short, it's a great economy if you're a high-level corporate executive or someone who owns a lot of stock. For most other Americans, economic grow….
If we discovered that, you know, space aliens were planning to attack and we needed a massive buildup to counter the space alien threat and really in….
When depression economics prevails, the usual rules of economic policy no longer apply: virtue becomes vice, caution is risky and prudence is folly..
Obama is very much an establishment sort of guy. The whole image of him as a transcendent figure was based on style rather than substance. If you act….
Outrageous fiscal mendacity is neither historically normal nor bipartisan. It’s a modern Republican thing..
Whenever you see some business person quoted complaining about how he or she can't find workers with the necessary skills, ask what wage they're offe….
Social Security is a social insurance program - it is not designed to be the same thing as a 401(k)..
The French, unfortunately, actually believe what they say, and that has been very destructive..
I don't think I've had any great success in predicting politics or social change, nor have I really tried..