What is opportunity? What is a "land of opportunity"?

Posted by | 9:14 AM
A reader emailed me recently and wanted to discuss the issue of whether America is a "land of opportunity." Like many people, he w...

Economists, release your inner nerd!

Posted by | 12:10 PM
Time for a lighter post, on the culture of economics. (Warning: this post is tongue-in-cheek.) Every field of study has its own peculiar con...

Thursday Roundup (2/23/2012)

Posted by | 10:22 AM
Almost forgot it was Thursday! Hmm, some of my comments on these links are getting rather long. What do y'all think...should I start doi...

Are macroeconomic methods politically biased?

Posted by | 8:16 PM
In a recent post , Steve Williamson writes: The tools of modern macroeconomics are no more the tools of right-wingers than of left-wingers. ...

Thursday Roundup (2/16/2012)

Posted by | 11:43 PM
Your weekly dose of under-discussed econ bloggery: 1. PUBLIC GOODS MINI-BONANZA! 1a. Mark Thoma says we should be taking advantage of low in...

How I survived the Econ Job Market

Posted by | 1:37 PM
Come fall, I will collect my PhD from the University of Michigan and go to work as an assistant professor of finance at the Stony Brook Univ...

Chucking the Solow growth model, cont.

Posted by | 12:43 PM
A few posts back, I wrestled with Jim Bullard's hypothesis that a fall in asset prices caused a permanent negative shock to GDP. Since ...

Don't expect "expected" returns

Posted by | 8:56 AM
Reading this article on PIMCO , I was struck by the following line: Industry analysts also wonder whether PIMCO's $250 billion Total Ret...

We REALLY need a Peter Thiel conservatism!

Posted by | 8:19 AM
Peter Thiel is a little bit of a nutcase. He's a brilliant nutcase, though. And brilliant nutcases are exactly the kind of people who c...

Jim Bullard chucks the Solow growth model!

Posted by | 11:58 AM
Sometimes I skim stuff too fast. When I saw David Andolfatto and Tyler Cowen linking to a  Jim Bullard speech about wealth effects and ou...

Thursday Roundup (2/9/2012)

Posted by | 10:34 PM
Seemed like there wasn't much going on in the econoblogosphere this week (I was traveling for most of it, for second-round job interview...

Why rational expectations models can be wrong

Posted by | 1:57 PM
Washington University professor David Levine has a pair of articles ( article 1 , article 2 ) in the Huffington Post about why financial cri...

Cochrane on consumer financial protection

Posted by | 7:32 PM
The John Cochrane shadow-blogging continues... Cochrane has two posts up about consumer financial protection. The first is about the negativ...

Lower wages can be a good thing

Posted by | 12:51 PM
Menzie Chinn points out that recovery in manufacturing and exports has been stronger than recovery as a whole. As an explanation, he cites ...