Saturday, July 6, 2019

Marxist Perspectives on White House Staff Turnover

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The labor theory of value  (a.k.a., law of value ) is an aspect of Marxist theory that still thrives in the marketplace of ideas.  It values...
Thursday, July 4, 2019

Who recognizes economic history first: politicians or economists?

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Figure 1 is the familiar chart showing the “Laffer curve” relationship between a tax rate and the net revenue from the tax.   A ...
Wednesday, July 3, 2019

Critiques of Single-payer: Why Did They Take So Long to be Discovered?

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It is now routine for Democrats to be asked in town halls, debates, etc. " Who here would abolish their private health insurance in fa...
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Monday, July 1, 2019

A Brief Summary of Activities in President Trump's Council of Economic Advisers

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From July 2018 to June 2019, I served as Chief Economist of the Council of Economic Advisers (CEA). My primary responsibilities ...
Saturday, March 23, 2019

Lou Dobbs knew what we were doing

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Monday, March 18, 2019

Remembering Alan Krueger

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Sadly Princeton Professor and former CEA chair Alan Krueger passed away this weekend.  Many younger economists were inspired by his insist...
Tuesday, October 30, 2018

Mathematica advertising economics tools

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This email has been going around.  Check it out! Dear Economist, Mathematical techniques and computational experiments have always been ...
Monday, May 7, 2018

Inflation has little to do with the Unemployment Rate

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Copyright, TheHill.com The April unemployment rate, released Friday, showed the headline unemployment rate below 4 percent, which has rare...