Posts Tagged ‘unemployment’

  • 16104_8.6_000011537286XSmall

    A New Way to See Friction

    Jan 4, 11 • 225 Views • No Comments

    Thinking about friction, most people picture 2 surfaces rubbing together. As economists, we should instead think of the Nobel Prize. Friction is one reason that Dale Mortensen won the 2010 Nobel Prize in Economics. Discussing unemployment, Dr. Mortensen says...  [read more]

  • 15986_8.6_000011537286XSmall

    Outsourcing and Immigration

    Nov 4, 10 • 198 Views • No Comments

    A recent economics paper provides a surprising solution to those who believe outsourcing is a problem. The story, as explained by George Mason economist Tyler Cowen, involves the connection between offshore jobs and immigration. Traditionally, economists say...  [read more]

  • 15945_10.14_000011796094XSmall

    A Phone Call From Adam Smith

    Oct 14, 10 • 215 Views • No Comments

    The phone rings. The caller says he is Adam Smith and you have won the Nobel Prize in Economics. Your response? As you know, the 18th century author of The Wealth of Nations, Adam Smith, is perhaps the greatest economic thinker. Seemingly chaotic, the market...  [read more]

  • 15937_8.6_000011537286XSmall

    More On Unemployment

    Oct 11, 10 • 238 Views • No Comments

    These are great graphs! In just a minute or 2, through a series from The Washington Post, you can understand our employment problems. Our starting point is potential output during the past decade. We see how much we could have produced if our land, labor, and...  [read more]

  • 15853_6.30_000005521931XSmall

    Spend More or Less?

    Aug 29, 10 • 253 Views • No Comments

    It was perfect. On the left side of the NY Times Op-Ed page, David Brooks defended the austerity approach. On the right was Paul Krugman saying spend more. Those are the alternatives. Maybe now it will be easier to choose one? Using Germany as his model,...  [read more]