Edmund Phelps on Keynesian macroeconomic policy

25 Feb 2015 2 Comments

by Jim Rose in budget deficits, business cycles, economic growth, F.A. Hayek, fiscal policy, global financial crisis (GFC), great recession, macroeconomics, monetary economics Tags: , , ,

HT: modeledbehavior.com

Blackstone agrees with Lucas on ideas and growth

25 Feb 2015 Leave a comment

image

Image by Jim Rose

The Greek great depression compared

23 Feb 2015 Leave a comment

br wed reads

Image by Jim Rose

The economic performance of the USA, Japan and the European Union prior to the global financial crisis

23 Feb 2015 Leave a comment

by Jim Rose in business cycles, economic growth, Edward Prescott, Euro crisis, global financial crisis (GFC), great recession, macroeconomics, politics - USA Tags: , ,

Source: Edward Prescott

Everybody is seriously richer because of post-war capitalism

22 Feb 2015 Leave a comment

by Jim Rose in economic growth, economic history, liberalism Tags: , ,

Figure 1:  Growth in real average income for the bottom 90%

Source: voxeu.org

By the way, in the countries where growth in real average incomes appears to have flattened out, is it seriously suggested that middle-class families cannot buy a basket of goods of superior quality and quantity than they could 30 or 40 years ago?

US post-war economic booms compared

22 Feb 2015 Leave a comment

by Jim Rose in business cycles, economic growth, economic history, macroeconomics, politics - USA Tags:

Source: Edward Prescott

Picking winners versus the neglected art of setting the table

20 Feb 2015 Leave a comment

the neglected art of setting the table

Image by Jim Rose

Super-Economy: The Economic Performance of Europe and the United States

19 Feb 2015 Leave a comment

by Jim Rose in economic growth, economic history, macroeconomics Tags:

 

via Super-Economy: The Economic Performance of Europe and the United States.

Why are the Greeks so upset?

18 Feb 2015 Leave a comment

Image by Jim Rose

Is the middle-class disappearing?

12 Feb 2015 Leave a comment

by Jim Rose in economic growth, human capital, income redistribution, politics - USA, poverty and inequality Tags:

When did global technological leadership migrate across the Atlantic?

10 Feb 2015 Leave a comment

by Jim Rose in economic growth, human capital, politics - USA, technological progress Tags: , , , ,

HT: theatlantic.com/a-short-history-of-american-invention/385279/ via Mikko Packalen and Jay Bhattacharya

GDP per New Zealander remains well below leading OECD economies due to a large shortfall in labour productivity

10 Feb 2015 Leave a comment

by Jim Rose in economic growth, macroeconomics, politics - New Zealand

Figure 1: New Zealand income and productivity gap

HT: oecd.org/goingforgrowth

Everyone is richer in the USA and the middle class is moving up

09 Feb 2015 Leave a comment

by Jim Rose in economic growth, great recession, macroeconomics, poverty and inequality Tags:

The middle class is shrinking in the USA because most of of 10% shrinkage is due to them becoming rich.

FT_15.01.29_MiddleClass_420px

Everyone is wealthier than in the past and would have been wealthier but for the Great Recession and the countless tax rises of Obama.

 

A Report Card for Humanity: 1900-2050

06 Feb 2015 Leave a comment

by Jim Rose in applied welfare economics, economic growth, health economics, technological progress Tags: , ,

via A Report Card for Humanity: 1900-2050 – The Atlantic.

This map requires the tyranny of distance types to predict the coming boom for New Zealand

05 Feb 2015 Leave a comment

by Jim Rose in economic growth, economic history, politics - New Zealand Tags: ,

Embedded image permalink

HT: https://twitter.com/tutor2u_econ/status/552013472247341056?s=09

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