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Mark Thoma
Eugene, Oregon
Professor of Economics, University of Oregon
Recent Activity
Hobson's Choice - Brad DeLong Conspicuous Consumption? Yes, but It’s Not Crazy - NYTimes Reserve Currencies and the Gold Standard - Uneasy Money Nature doesn't truck and barter - EconoSpeak The Wisdom of Peter Schiff - Paul Krugman Continue reading
Posted 1 hour ago at Economist's View
Fabian Kindermann and Dirk Krueger: High marginal tax rates on the top 1%: Optimal tax rates for the rich are a perennial source of controversy. This column argues that high marginal tax rates on the top 1% of earners can... Continue reading
Posted yesterday at Economist's View
18
Remember all those predictions from those with other agendas about runaway inflation (e.g. see Paul Krugman today on The Wisdom of Peter Schiff)?: The Risks to the Inflation Outlook, by Vasco Cúrdia, FRBSF Economic Letter: The Federal Reserve responded to... Continue reading
Posted yesterday at Economist's View
21
Patents and the global diffusion of new drugs - Vox EU Keynes's Theories Can Fix the World Economy - Businessweek Inequality and Crises: Scandinavian Skepticism - Paul Krugman Economic inequality and for-profit universities - Bridget Ansel The butterfly defect: How... Continue reading
Posted yesterday at Economist's View
64
Noah Smith: ... Why is it that the sciences look like a feminist nirvana compared with the economics profession, which seems to have a built-in bias that prevents women from advancing? ... More here. Continue reading
Posted 2 days ago at Economist's View
19
Alice Rivlin: People Who Wanted Market-Driven Health Care Now Have it in the Affordable Care Act, by Alice M. Rivlin, Brookings: ... The United States ... relied primarily on employer-based health insurance, generously favored by tax laws. ... But there... Continue reading
Posted 2 days ago at Economist's View
41
It's the decent thing to do: Suffer Little Children, by Paul Krugman, Commentary, NY Times: The Tenement Museum, on the Lower East Side, is one of my favorite places in New York City. It’s a Civil War-vintage building that housed... Continue reading
Posted 2 days ago at Economist's View
90
The Skeptics Guide to Institutions - Growth Economics Falling Wages at Factories Squeeze the Middle Class - NYTimes.com Macroprudential policy and distribution of risk - Antonio Fatas A glut-wrenching experience - The Economist GDP must not rule our lives -... Continue reading
Posted 2 days ago at Economist's View
121
Tim Taylor: Encouraging Work: Tax Incentives or Social Support?: Consider two approaches to encouraging those with low skills to be fully engaged in the workplace. The American approach focuses on keeping tax rates low and thus providing a greater financial... Continue reading
Posted 3 days ago at Economist's View
40
Ellie Terry and John Robertson of the Atlanta Fed: For Middle-Skill Occupations, Where Have All the Workers Gone?: Considerable discussion in recent years has concerned the “hollowing out of the middle class.” Part of that story revolves around the loss... Continue reading
Posted 3 days ago at Economist's View
15
The Long-Term Unemployed and Wages - Liberty Street Economics Business culture in banking favors dishonest behavior - EurekAlert Achieving College Diversity - Richard Kahlenberg Currency carry trades are not what you think - Vox EU The Rise of Bayesian Econometrics... Continue reading
Posted 3 days ago at Economist's View
68
Branko Milanovic has a very nice follow-up to my column yesterday: On Mark Thoma: marginalism, Marx etc: Mark Thoma has written a very nice blog on how Piketty’s work is transforming economics by bringing it closer too it political economy... Continue reading
Posted 4 days ago at Economist's View
45
Paul Krugman: Fiscal Responsibility Claims Another Victim: A few more thoughts on Japan. The bad growth news shows, pretty clearly, that the consumption tax hike was a big mistake. It also shows, by the way, how weak the market monetarist... Continue reading
Posted 4 days ago at Economist's View
13
From Ben Craig and Sara Millington of the Cleveland Fed: The Effect of Oil Price Declines on Consumer Prices, by Ben Craig and Sara Millington: Oil prices have declined significantly in recent weeks, reaching levels not seen in several years.... Continue reading
Posted 4 days ago at Economist's View
28
At MoneyWatch: The Long-Term and Short-Term Unemployed are Remarkably Similar Or, as I said here, we shouldn't ignore the long-term unemployed. Continue reading
Posted 4 days ago at Economist's View
11
A Carbon Tax Could Bolster Green Energy - NYTimes.com Robert Solow on Topics in Productivity Growth - Tim Taylor Missing corporate income and tax progressivity - Nick Bunker The Skeptics Guide to Institutions - Growth Economics Americans recognize slow economic... Continue reading
Posted 4 days ago at Economist's View
127
Paul Krugman says pundits need to do their homework: The Structure of Obamacare: The big revelation of this week has been how many political pundits have spent six years of the Obama administration opining furiously about the administration’s signature policy... Continue reading
Posted 5 days ago at Economist's View
David Leonhardt argues "It’s the economy, stupid." Do you agree? Or is it mostly about turnout? (These may not be independent factors): How the Great Wage Slowdown Hurts Democrats: It’s a simple rule: A weak economy makes for an unpopular... Continue reading
Posted 5 days ago at Economist's View
39
At Moneywatch: The Permanent Effects of the Great Recession It was edited quite a bit, e.g. here is my opening for comparison: Economists have long believed that shocks to aggregate demand are temporary. It might take time to return to... Continue reading
Posted 5 days ago at Economist's View
22
I have a new column: How Piketty Has Changed Economics: Thomas Piketty’s Capital in the Twenty-First Century is beginning to receive book of the year awards, but has it changed anything within economics? There are two ways in which is... Continue reading
Posted 5 days ago at Economist's View
69
The Risks to the Inflation Outlook - FRBSF I Do Not Understand the Argument for the Taper - Brad DeLong What the Fed Needs - Elizabeth Warren and Joe Manchin And Now the Richest .01 Percent - Robert Reich A... Continue reading
Posted 5 days ago at Economist's View
110
We shouldn't ignore the long-term unemployed: Measuring Labor Market Slack: Are the Long-Term Unemployed Different?, by Rob Dent, Samuel Kapon, Fatih Karahan, Benjamin W. Pugsley, and Ayşegül Sahin, Liberty Street Economics: [First in a three-part series] There has been some... Continue reading
Posted 6 days ago at Economist's View
30
Cecchetti & Schoenholtz It's the leverage, stupid!: In the 30 months following the 2000 stock market peak, the S&P 500 fell by about 45%. Yet the U.S. recession that followed was brief and shallow. In the 21 months following the... Continue reading
Posted 6 days ago at Economist's View
32
Sometimes, government is the best solution: When Government Succeeds, by Paul Krugman, Commentary, NY Times: The great American Ebola freakout of 2014 seems to be over. ... When the freakout was at its peak, Ebola wasn’t just a disease —... Continue reading
Posted 6 days ago at Economist's View
79
German economic policy and chameleons - Antonio Fatas Happier workers, higher profits - Vox EU Japan Through the Looking Glass - Paul Krugman The Fourth Generation in Chicago - Economic Principals Orthogonal Regression: First Steps - Dave Giles Can we... Continue reading
Posted 6 days ago at Economist's View
45