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Timothy Taylor

Managing Editor of the Journal of Economic Perspectives
Contributor's Links: Conversable Economist TimothyTaylor.net
I am the managing editor of the Journal of Economic Perspectives, based at Macalester College in St. Paul, Minnesota, which can be read for free on-line courtesy of the American Economic Association. I am the author of two books: "The Instant Economist: Everything You Need to Know About How ...more
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Warren Buffett On How Size Has Done Him In
Tuesday, February 27, 2024 7:00 PM EDT
This year, Warren Buffett admits that the company he has built has no future possibility of eye-popping growth, because of how large it has grown.
In this article: BRK-A
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Three Snapshots Of Where U.S. Population Is Headed
Tuesday, February 20, 2024 4:00 PM EDT
The Congressional Budget Office has published The Demographic Outlook: 2024 to 2054 (January 2024), which offers some recent history and projections of how the US population is evolving.
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US Consumers: Goods Shrink, Services Rise
Friday, February 16, 2024 10:30 AM EDT
US consumers are in the midst of a long-term shift away from consuming goods and toward consuming services.
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Provision Of Care: A Challenge For Economics
Friday, February 16, 2024 2:50 AM EDT
Government statisticians have estimated that if the value of household production was included in GDP, the size of the US economy would be about one-fifth bigger
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Pay Transparency: What’s Good To Know?
Thursday, February 15, 2024 5:30 AM EDT
In a US context, income is mostly considered to be private information, unless you are a public employee or an executive at a public company. Would it be a good thing to have greater disclosure of what workers are paid?
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Three Long-Term Shifts In The U.S. Budget Picture
Friday, February 9, 2024 3:30 PM EDT
The major categories of US government spending have been shifting. Consider this graph showing federal spending divided into mandatory, discretionary, and net interest.
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Converting Office Buildings To Housing: Limits Of The Possible
Tuesday, January 30, 2024 6:45 AM EDT
There are cities with high vacancy rates in their office buildings, as work-from-home has become more common. Some cities would like to expand their supply of housing.
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Unions: Facts And Fluff
Friday, January 26, 2024 7:00 AM EDT
According to the US Bureau of Labor Statistics, the share of US workers belonging to a union fell slightly, from 10.1% of all workers in 2022 to 10.0% in 2023.
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The 30% Solution: Gains From Trade
Tuesday, January 23, 2024 9:30 PM EDT
The Peterson Institute for International Economics estimates that America's payoff from engaging in world markets since 1950 was almost $2.6 trillion in 2022
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Economics Is For The Birds
Wednesday, January 17, 2024 4:19 PM EDT
There used to be a recognized academic field of “economic ornithology”, which emphasized the economic benefits of birds to agriculture, in their role reducing bugs and weeks.
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Some Economics For Martin Luther King Jr. Day
Monday, January 15, 2024 3:30 PM EDT
The case for racial equality stands fundamentally upon principles of justice, with economics playing only a supporting role. But here are a few economics-related thoughts for the day.
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Thoughts About U.S. Steel
Friday, January 12, 2024 6:00 AM EDT
In mid-December, the Japanese firm announced that it was buying U.S. Steel for $14.9 billion. U.S. Steel makes about 12% of American steel.
In this article: X
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What Is The Weirdness Of The Job Openings Data Telling Us?
Friday, January 5, 2024 3:30 PM EDT
Job openings were sky-high in late 2022, and while the level has come down since then, they remain high compared to the previous 20 years.
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High US Healthcare Spending: Higher Prices Or Higher Quantities?
Thursday, January 4, 2024 6:45 AM EDT
The US spends a much higher share of its GDP on healthcare than other advanced economies.
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Solow On Market Advantages And Market Failures
Wednesday, December 27, 2023 4:15 PM EDT
Solow was among his other gifts one of the best expository writers the profession has known.
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Charles Dickens On Seeing Poverty
Monday, December 25, 2023 2:15 PM EDT
Poverty in high-income countries is no longer as ghastly as in Victorian England, but for those who take the time to see it in our own time and place, surely it is ghastly enough.
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