Sunday, November 08, 2026

An interesting new book just came out called The Grim Old Days: An Introduction to the Preindustrial Past

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It is by Chelsea Follett. Click here to go to the Amazon link . Here is the summary: "Trying to imagine the preindustrial past might co...
Friday, November 06, 2026

The % of 25-54 year-olds employed was 80.7% in October after being 80.7% in Sept; Average Weekly Hours of All Employees held steady at 34.4

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One weakness of the unemployment rate is that if people drop out of the labor force they cannot be counted as an unemployed person and the ...
Thursday, November 05, 2026

Relaxed academic standards worsen deficits in human capital accumulation

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 See  The unintended consequences of academic leniency from Tyler Cowen. "Education is widely recognized as the primary driver of huma...
Tuesday, November 03, 2026

Today Is Day Of The Deadweight Loss

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On this day, economists mourn all the social welfare that has been lost in the last year. That social welfare is lost and we will never get...
Sunday, November 01, 2026

From 1999-2024, the U.S. averaged 1.399% annual growth in per capita GDP while in Canada it was only 0.858%

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You might look at 1.399% minus 0.858% and say "that is only a 0.541 percentage point difference." So what is the big deal? Compoun...
Friday, October 30, 2026

Electric Camelot: An Economist Visits King Arthur's Court (Mark Twain on economics)

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I have posted several items about Mark Twain on economics. Those are listed below.  This is the title of an article that was published recen...
Wednesday, October 28, 2026

Sports economist J.C. Bradbury's latest book is This One Will Be Different: False Promises and Fiscal Realities of Publicly Funded Stadiums

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Click here to go to the Amazon page . Here is the summary: "For more than a century, America's sports stadiums have evolved from mo...
Monday, October 26, 2026

America’s population of 401(k) millionaires hits record high — thanks to strong market

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By Zoe Hussain of The New York Post . Excerpts: "The number of 401(k) millionaires has soared to a record high — buoyed by a strong sto...
Saturday, October 24, 2026

Harvard economics Professor Jason Furman has created a new website that tracks current economic data called Econvitals

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Furman has also been a chair of the President's Council of Economic Advisors. Click here to go to Econvitals . This is a great site if y...
Friday, October 23, 2026

Human drivers fight robotaxis in Washington, D.C.; a case of modern day Luddites?

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When I taught I used a book called The Economics Of Macro Issues by Daniel Benjamin and Roger LeRoy Miller. It mentioned Luddites, people ...
Tuesday, October 20, 2026

The Pyschology & Economics Of Decision Making Under Uncertainty (With Snoopy's Version From 1966)

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See You’re So Self-Controlling by MARIA KONNIKOVA. From the 11-16 NY Times. She has a Ph. D. in psychology from Columbia University and i...
Sunday, October 18, 2026

Businesses Are Using AI to Transform Work, Not Cut Jobs

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By Jaison R. Abel, Richard Deitz, Natalia Emanuel, and Nick Montalbano .They are all with The Federal Reserve Bank of New York. Excerpts: ...
Friday, October 16, 2026

An Imaginary Dialogue: Plato and Shakespeare on the Exile of the Poets

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I had an AI program write this a few weeks ago and I forgot which one. Here was the prompt: "Plato famously called for the expulsion of...