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Mark Thoma
Eugene, Oregon
Professor of Economics, University of Oregon
Recent Activity
Gary Burtless: Unemployment and the “Skills Mismatch” Story: Overblown and Unpersuasive, by Gary Burtless, Brookings: The jobless rate has dipped to 6.1 percent, and businesses are already complaining about a skills shortage. ... To an economist, the most accessible and... Continue reading
Posted 2 hours ago at Economist's View
20
Bill McBride at Calculated Risk: BEA: Real GDP increased at 4.0% Annualized Rate in Q2, by Bill McBride: From the BEA: Gross Domestic Product: Second Quarter 2014 (Advance Estimate) Annual Revision: 1999 through First Quarter 2014 Real gross domestic product... Continue reading
Posted 2 hours ago at Economist's View
The Internet's Next Act - Brad DeLong Can large primary surpluses solve Europe’s debt problem? - vox Economists Agree the Stimulus Lifted the Economy - NYTimes.com The effect of the minimum wage on youth employment - Stephen Gordon Fear of... Continue reading
Posted 10 hours ago at Economist's View
46
Simon Wren-Lewis: If minimum wages, why not maximum wages?: I was in a gathering of academics the other day, and we were discussing minimum wages. The debate moved on to increasing inequality, and the difficulty of doing anything about it.... Continue reading
Posted yesterday at Economist's View
15
I have a new column: Why the Rich Should Call for Income Redistribution: After the craze over Thomas Piketty’s Capital in the Twenty First Century, nobody should be surprised to learn that inequality has been increasing over the last several... Continue reading
Posted yesterday at Economist's View
43
Me, at CBS MoneyWatch: Is it worth spending to make workers happy?: Numerous studies have found a correlation between employee satisfaction and company success. Does this mean happy employees are also the most productive workers? Should firms spend money to... Continue reading
Posted yesterday at Economist's View
Circles of Influence - Paul Krugman If minimum wages, why not maximum wages? - mainly macro Richard Fisher Wrongly Warned of Inflation 5 Times - New Republic Paul Ryan Would Create Massive Gov.t Bureaucracy - Mike the Mad Biologist Featured... Continue reading
Posted yesterday at Economist's View
134
Alan Blinder and Mark Watson: Presidents and the U.S. Economy: An Econometric Exploration, by Alan S. Blinder and Mark W. Watson, NBER Working Paper No. 20324 [open link]: The U.S. economy has grown faster—and scored higher on many other macroeconomic... Continue reading
Posted 2 days ago at Economist's View
37
Congress should do something about "ever-more-aggressive corporate tax avoidance": Corporate Artful Dodgers, by Paul Krugman, Commentary, NY Times: In recent decisions, the conservative majority on the Supreme Court has made clear its view that corporations are people, with all the... Continue reading
Posted 2 days ago at Economist's View
66
Unobservables in economics - Chris Dillow In praise of… Janet Yellen - The Guardian Blair and Reserves for All - John Cochrane New Keynesianism as a Club - Thomas Palley Understanding fiscal stimulus can be easy - mainly macro Where... Continue reading
Posted 2 days ago at Economist's View
78
Brad DeLong: I have said this before. But I seem to need to say it again… The very intelligent and thoughtful David Beckworth, Simon Wren-Lewis, and Nick Rowe are agreeing on New Keynesian-Market Monetarist monetary-fiscal convergence. Underpinning all of their... Continue reading
Posted 3 days ago at Economist's View
65
Moore of the Same - Paul Krugman Financial stability and monetary policy - vox The continuum from monetary to fiscal - Nick Rowe On State Unemployment Rates, It’s Analyst Beware - NYTimes.com North Carolina’s Misunderstood Cut in Jobless Benefits -... Continue reading
Posted 3 days ago at Economist's View
64
Uwe E. Reinhardt: The Illogic of Employer-Sponsored Health Insurance, by Uwe E. Reinhardt, NY Times: ... Persuaded by both theory and empirical research, most economists believe that employer-based health insurance... ostensibly paid by employers ... is recovered from employees through... Continue reading
Posted 4 days ago at Economist's View
43
Why are so many of the rich and powerful so callous and indifferent to the struggles of those who aren't so fortunate?: Are the Rich Coldhearted?, by Michael Inzlicht and Sukhvinder Obhi, NY Times: ... Can people in high positions... Continue reading
Posted 4 days ago at Economist's View
15
Here are the myths described by Vivien Labaton: 1. The pay gap is closing rapidly. ... 2. Women earn less because they work in industries that pay less. ... 3. Women earn less because they don’t negotiate well. ... 4.... Continue reading
Posted 4 days ago at Economist's View
17
Larry Summers on why he supports (conditionally) the Export-Import bank (from a longer interview): Danny Vinik: I want to turn to your op-ed in the Financial Times on July 6 on the U.S. global stance on economic issues. In particular,... Continue reading
Posted 4 days ago at Economist's View
14
The End of the Cringe - Paul Krugman Five myths about the gender pay gap - The Washington Post The Evidence Is In: Patent Trolls Do Hurt Innovation - James Bessen Polanyi, Classical Liberalism, and Varieties of "Neoliberalism" - Brad... Continue reading
Posted 4 days ago at Economist's View
72
In case you missed this in today's links, it's worth noting explicitly: Devolution Number Nine, by MaxSpeak: Rep. Paul Ryan (R-Crazy) has a new plan to fight poverty..., the common theme throughout the report is to convert Federal programs into... Continue reading
Posted 5 days ago at Economist's View
13
Robert Rubin: How ignoring climate change could sink the U.S. economy, by Robert E. Rubin: ...When it comes to the economy, much of the debate about climate change ... is framed as a trade-off between environmental protection and economic prosperity.... Continue reading
Posted 5 days ago at Economist's View
16
Beware of "anti-government propaganda": Left Coast Rising, by Paul Krugman, Commentary, NY Times: The states, Justice Brandeis famously pointed out, are the laboratories of democracy. And it’s still true. For example, one reason we knew or should have known that... Continue reading
Posted 5 days ago at Economist's View
28
Devolution Number Nine - MaxSpeaks Obama’s uphill struggle against economic inequality - Larry Bartels Hazlitt, Keynes and the glazier’s fallacy - Crooked Timber Corporatism not capitalism is to blame for inequality - Edmund Phelps Why Voters Aren’t Angrier About Economic... Continue reading
Posted 5 days ago at Economist's View
52
Andrew Gelman: Meritocracy won’t happen: the problem’s with the ‘ocracy’, by Andrew Gelman, Monkey Cage: I’ve written about this before but I think the topic is worth returning to, because it comes up a lot in our political discourse. For... Continue reading
Posted 6 days ago at Economist's View
203
Is this why prices are sticky?: Sticky prices and behavioural indifference curves, by John Komlos, Vox EU: Many quantities fail to respond smoothly to price changes. This column stresses that the ‘endowment effect’ – a well-known behavioral economics concept –... Continue reading
Posted 6 days ago at Economist's View
Me, at MoneyWatch: Should the Fed have to play by a rule?: What if the U.S. Federal Reserve Board had to implement monetary policy according to a specific rule that would require specific policy actions depending on the circumstances? That's... Continue reading
Posted 6 days ago at Economist's View
26
Additional Dimensions of Inequality - Brad DeLong Yellen's Storyline Strategy - Carola Binder Can the BRICS build something new? - Branko Milanovic Insure Against Central Bank Incompetence - David Beckworth A unique, informal banking system of rickshaw drivers - Ideas... Continue reading
Posted 6 days ago at Economist's View
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