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Mark Thoma
Eugene, Oregon
Professor of Economics, University of Oregon
Recent Activity
I have a new column: Taxing the Wealthy Won't Hurt Economic Growth: I have no idea whether or not Mitt Romney will run for president, and if he does, if he will get the nomination. But many of the issues... Continue reading
Posted 2 hours ago at Economist's View
11
Daniel Little: Figure: Althusser's conception of the CMP (RP Resch, Althusser and the Renewal of Marxist Social Theory) The mode of production as society's structure: Sociologists study social structure and the effects that structures have on individual behavior and life... Continue reading
Posted 8 hours ago at Economist's View
11
Greece: Think Flows, Not Stocks - Paul Krugman Wall Street's Threat to the American Middle Class - Robert Reich Social Safety Net, Business Startups and Risk-Aversion - Noah Smith Cities and the Environment--A first order effect? - Richard Green The... Continue reading
Posted 8 hours ago at Economist's View
121
Nick Rowe: Does monopoly power cause inflation? (1968 and all that): Here's a question for you: Suppose there is a permanent increase in monopoly power across the economy (either firms having more monopoly power in output markets, or unions having... Continue reading
Posted yesterday at Economist's View
36
Dietz Vollrath: Techno-neutrality: I’ve had a few posts in the past few months (here and here) about the consequences of mechanization for the future of work. In short, what will we do when the robots take our jobs? I wouldn’t... Continue reading
Posted yesterday at Economist's View
29
"The problem with Syriza’s plans may be that they’re not radical enough": Ending Greece’s Nightmare, by Paul Krugman, Commentary, NY Times: Alexis Tsipras, leader of the left-wing Syriza coalition, is about to become prime minister of Greece. He will be... Continue reading
Posted yesterday at Economist's View
80
Grexit: it is not the debt, it is the future - Antonio Fatas The Greek Stand-By Arrangement - Paul Krugman The Fed is accused of complacency - Gavyn Davies Wage rise puzzle tests the Federal Reserve - FT.com Economist, Interrupted... Continue reading
Posted yesterday at Economist's View
250
This is from Simon Johnson (I didn't follow the debate over the qualifications of Antonio Weiss, the administration's nominee for Undersecretary for Domestic Finance, as closely as I should have, so I don't have much to say about that part... Continue reading
Posted 2 days ago at Economist's View
15
Robert Waldmann: 2013 and all that II: A fairly large number of economists have argued that Keynesians predicted that the fiscal cliff January 2013 and sequestration March 2013 would cause a recession. A fairly large number of Keynesian economists have... Continue reading
Posted 2 days ago at Economist's View
25
Gloomy European Economist, Francesco Saraceno: Who are the Radicals in Europe?: As I write the Greek people are voting. I was puzzled in the past weeks by the fear (more in the media than in markets, actually) of a “radical”... Continue reading
Posted 2 days ago at Economist's View
70
Robert Reich on Redefining Full-Time Work, Obamacare... - HBR Economic Freedom and Tolerance - NYTimes.com Trichet V Democracy - Robert Waldmann Wealth is not income and income is not consumption - globalinequality "What then should we teach about hypothesis testing?"... Continue reading
Posted 2 days ago at Economist's View
74
“A strong dollar has always been a good thing for the United States,” Treasury Secretary Jacob J. Lew declared not long ago, a position that he has restated frequently. In 2011, Timothy F. Geithner, then the Treasury secretary, said, “A... Continue reading
Posted 3 days ago at Economist's View
71
This was retweeted a surprising number of times: Throw More Money at Education, by Noah Smith: It’s become almost conventional wisdom that throwing more money at public education doesn’t produce results. But what if conventional wisdom is wrong? A new... Continue reading
Posted 3 days ago at Economist's View
19
Dean Baker: Did the Keynesians Get It Wrong in Predicting a Recession in 2013?: I have had several readers send me a blogpost from Scott Sumner saying that the Keynesians have been dishonest in not owning up to the fact... Continue reading
Posted 3 days ago at Economist's View
53
Give the middle classes their fair share of the pie - FT.com Spending More on Public Schools Boosts U.S. Economy - Noah Smith Confidence and the Bazooka - Gloomy European Economist Alternative Eurozone histories - mainly macro Where Has Welfare... Continue reading
Posted 3 days ago at Economist's View
143
Tyler Cowen: Who is moving out of the U.S. labor force?: Read the recent testimony of Robert E. Hall (pdf): Most of the decline in participation occurred among teenagers and young adults. The finding that these effects tend to be... Continue reading
Posted 4 days ago at Economist's View
65
Jamie Galbraith in interviewed by Roger Strassburg on the upcoming Greek election and the prospects and consequences of a possible Syriza government: Roger Strassburg: Can you tell us a little about what Syriza has for plans if it were to... Continue reading
Posted 4 days ago at Economist's View
25
Europe’s self-indulgent "archons of austerity" and "doyens of deflation": Much Too Responsible, by Paul Krugman, Commentary, NY Times: The United States and Europe have a lot in common. Both are multicultural and democratic; both are immensely wealthy; both possess currencies... Continue reading
Posted 4 days ago at Economist's View
59
Market Failures in Developing Countries - Growth Economics Insiders, Outsiders, and U.S. Monetary Policy - Paul Krugman QE as debt management means ECB vs 19 DMOs - longandvariable CEO inanity, at the Davos World Economic Forum and beyond - Justin... Continue reading
Posted 4 days ago at Economist's View
100
From an interview of Donald Kohn by Cecchetti & Schoenholtz: Interview: Donald Kohn: ... Where should we be looking now for financial stability risks given this experience? Vice Chairman Kohn: The response of the authorities to the crisis has concentrated... Continue reading
Posted 5 days ago at Economist's View
Chris Dillow at Stumbling and Mumbling: Not seeing luck: I claimed the other day that those of us who are in the global 1% are apt to under-estimate our good fortune. There is, in fact, quite robust evidence from other... Continue reading
Posted 5 days ago at Economist's View
29
For The Love Of Capital Income - Paul Krugman Optimizing optimization algorithms - MIT News It’s the Institutions, Stupid! - Gloomy European Economist Unified Growth Theory is not the Enemy - Growth Economics Bitcoins, Gold Bugs and Money - Noah... Continue reading
Posted 5 days ago at Economist's View
172
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Tim Duy: Policy Divergence, by Tim Duy: Increasingly, the Federal Reserve stands in stark contrast with its global counterparts. While the ECB readys its own foray into quantitative easing, the Bank of England shifted to a more dovish internal position,... Continue reading
Posted 6 days ago at Economist's View
23
Tim Taylor: Rising Fears About Losing and Replacing Jobs: The General Social Survey is a nationally representative survey carried bout by the National Opinion Research Center at the University of Chicago and financially supported by grants from the National Science... Continue reading
Posted 6 days ago at Economist's View
42
Paul Krugman on the independence of central banks from the concerns of "hard-money types": A Tale of Two Pegs: I’m still in Hong Kong, and ... by the numbers Switzerland’s monetary situation pre-collapse and Hong Kong’s now look remarkably similar.... Continue reading
Posted 6 days ago at Economist's View
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