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Mark Thoma
Eugene, Oregon
Professor of Economics, University of Oregon
Recent Activity
Robert Stavins: Climate Realities: ...It is true that, in theory, we can avoid the worst consequences of climate change with an intensive global effort over the next several decades. But given real-world economic and, in particular, political realities, that seems... Continue reading
Posted 2 hours ago at Economist's View
Chris Dillow: Capitalism & the low-paid: Is capitalism compatible with decent living standards for the worst off*? This old Marxian question is outside the Overton window, but it's the one raised by Ed Miliband's promise to raise the minimum wage... Continue reading
Posted 2 hours ago at Economist's View
How to see into the future - Tim Harford Climate Realities - Robert Stavins Why Federal College Ratings Won’t Rein In Tuition - NYTimes.com Return of the Bums on Welfare - Paul Krugman The (Non-) Standard Asymptotics of Dickey-Fuller Tests... Continue reading
Posted 13 hours ago at Economist's View
82
Joanne Lindley and Steven McIntosh: Finance sector wages: explaining their high level and growth, by Joanne Lindley and Steven, Vox EU: Individuals who work in the finance sector enjoy a significant wage advantage. This column considers three explanations: rent sharing,... Continue reading
Posted yesterday at Economist's View
26
John Boehner's Theory of the Leisure Class - Paul Krugman Systemic risk in Europe - vox New York Fed Takes Aim at Bank Culture - WSJ Wishful thinking and economics - mainly macro How the GOP stopped caring about you... Continue reading
Posted yesterday at Economist's View
118
Since I posted the original, it's only fair to post the response: The political economy of a universal basic income, by Steve Waldman, Interfluidity: So you should read these two posts by Max Sawicky on proposals for a universal basic... Continue reading
Posted 2 days ago at Economist's View
71
James Surowiecki: Home Free?, by James Surowiecki: In 2005, Utah set out to fix a problem that’s often thought of as unfixable: chronic homelessness. The state had almost two thousand chronically homeless people. Most of them had mental-health or substance-abuse... Continue reading
Posted 2 days ago at Economist's View
13
Don't pay any attention to "the prophets of climate despair": Errors and Emissions, by Paul Krugman, Commentary, NY Times: This just in: Saving the planet would be cheap; it might even be free. But will anyone believe the good news?... Continue reading
Posted 2 days ago at Economist's View
47
The Importance of Asset Building - Janet Yellen Social norms and the enforcement of laws - vox Negative interest rates not absurd – and might work - FT.com FOMC statement and the new normal - John Cochrane In Search of... Continue reading
Posted 2 days ago at Economist's View
75
[Travel day -- heading south for the winter -- so just a few quick ones before hitting the road.] Tim Taylor: National Attitudes on International Trade: Americans, who are sometimes caricatured as being especially supportive of free trade, are actually... Continue reading
Posted 3 days ago at Economist's View
20
At MoneyWatch: What's so bad about monopoly power?: Google (GOOG) has been negotiating with European regulatory authorities since 2010 in an attempt to settle an antitrust case concerning its search engine, and its third attempt to settle the case has... Continue reading
Posted 3 days ago at Economist's View
17
More on the new work from William Gale and Andrew Samwick (I've posted on this before, but given the strength of beliefs about tax cuts, it seems worthwhile to highlight it again): Tax Cuts Can Do More Harm Than Good:... Continue reading
Posted 3 days ago at Economist's View
From the Minneapolis Fed: Interview with Michael Woodford: Columbia University economist on Fed mandates, effective forward guidance and cognitive limits in human decision making. Continue reading
Posted 3 days ago at Economist's View
Keynes and the Macmillan committee - mainly macro Italian workers were too productive for 20 years - Antonio Fatas Can New Economic Thinking Solve the Next Crisis? - Brad DeLong Carbon Pricing: Good for You, Good for the Planet -... Continue reading
Posted 3 days ago at Economist's View
119
Tim Taylor: Empathy for the Poor: A Meditation: The U.S. Census Bureau has just published its annual report with estimates of the U.S. poverty rate, which was 14.5% in 2013, down a touch from 15.0% in 2012. It's easy to... Continue reading
Posted 4 days ago at Economist's View
173
(New) Economic Thinking - Carola Binder Globalization Is in Retreat? Not So Fast - NYTimes.com Timothy Geithner's Revenge: A Broken Bond Rating System - Dean Baker China Central Bank to Inject $81 Billion Into Top Lenders - NYTimes.com Slow Growth... Continue reading
Posted 4 days ago at Economist's View
138
Peter Temin and David Vines have a new book: Making the case for Keynes, by Peter Dizikes, MIT News Office: In 1919, when the victors of World War I were concluding their settlement against Germany — in the form of... Continue reading
Posted 5 days ago at Economist's View
57
I have a new column: Rethinking New Economic Thinking: Efforts such as Rethinking Economics and The Institute for New Economic Thinking are noteworthy attempts to, as INET says, “broaden and accelerate the development of new economic thinking that can lead... Continue reading
Posted 5 days ago at Economist's View
28
Cosmic Cato Koch Convergence - Paul Krugman The Changing State of States' Economies - macroblog Perhaps the Stupidest Article Ever Written - Econbrowser Income Inequality Pressures State Tax Revenue, S&P Says - WSJ Structuralist Response to Piketty - New School... Continue reading
Posted 5 days ago at Economist's View
68
"A key observation of the paper is that journalists and expert commentators overstate the extent of machine substitution for human labor and ignore the strong complementarities": Polanyi's Paradox and the Shape of Employment Growth, by David Autor, NBER Working Paper... Continue reading
Posted 6 days ago at Economist's View
18
What "accounts for the terrible performance of Western economies since 200"?: How to Get It Wrong, by Paul Krugman, Commentary, NY Times: Last week I participated in a conference organized by Rethinking Economics... And Mammon knows that economics needs rethinking...... Continue reading
Posted 6 days ago at Economist's View
117
ECB: QE or QT (Quantitative Tightening)? - Antonio Fatas Price setting in online markets - vox Pessimism about U.S. growth rates - Econbrowser Restoring financial stability with economic growth - vox The Teacher Wars & Building a Better Teacher Review... Continue reading
Posted 6 days ago at Economist's View
42
Via email, I was asked if this is the "stupidest article ever published?": The Inflation-Debt Scam If not, it's certainly in the running. Continue reading
Posted 7 days ago at Economist's View
109
Can a country be too competitive? - mainly macro Fixing international corporate taxation - vox Tax Shaming from The Guardian - EconoSpeak Exchange rate pass-through in developing and emerging markets - vox The Econometrics of Temporal Aggregation - Cointegration -... Continue reading
Posted 7 days ago at Economist's View
102
Dietz Vollrath: Taxes and Growth, The Growth Economics blog: William Gale and Andy Samwick have a new Brookings paper out on the relationship of tax rates and economic growth in the U.S. ... Short answer, there is no relationship. They... Continue reading
Posted Sep 13, 2014 at Economist's View
37