Technology Transfer and Development Economics
Willis Carrier invented modern air conditioning around 1904 but technological innovations often take a long time to travel to less
Trump Accounts are a Big Deal
Trump’s One Big Beautiful Bill Act was signed into law on July 4, 2025. It’s so big that many significant
Greg Mankiw’s Blog: Today I Learned
About Me Name: Greg Mankiw Location: United States I am the Robert M. Beren Professor of Economics at Harvard University.
Amazon’s Robotic Revolution
Amazon now employs almost as many robots as humans leading to huge productivity improvements. From the second graph, “end-to-end” packages
Privatize Federal Land!
I’ve long advocated selling off some federal land—an idea that reliably causes mass fainting spells among the enlightened. How could
Flying on Frying Oil
The ever-excellent Matt Levine points us to the amusing economic policies that connect the international jet-set to Malaysian street hawkers
GDP Nowcasts as of 6/20
NY Fed, St. Louis Fed, GS tracking: Figure 1: GDP as reported (black), May Survey of Professional Forecasters (tan), GDPNow
Of Course We Should Privatize Some Federal Land (but probably won’t)
The Federal government controls a ridiculous amount of land in the West including more than half of Oregon, Utah, Nevada,
Industrial and Manufacturing Production, Real Retail Sales – Business Cycle Indicators
With industrial production, we have the following picture of series the NBER Business Cycle Dating Committee focuses on: Figure 1:
Some northern parts of Spain
Salamanca still feels part of the orbit of Madrid, but León does not. Many of the faces are more Celtic,