Six Measures of Nonfarm Payroll Employment: All Below Peak
From CES, CPS, QCEW, Philly Fed, and from ADP: Figure 1: Cumulative change in nonfarm payroll employment from BLS CES-official
The Tyranny of the Complainers
Some years ago, Dourado and Russell pointed out a stunning fact about airport noise complaints: A very large number come
Why Some US Indian Reservations Prosper While Others Struggle
Our colleague Thomas Stratmann writes about the political economy of Indian reservations in his excellent Substack Rules and Results. Across 123
The Year in Review, 2025: I wanted lower prices, and all I got is this lousy hole in the ground
Here are some of the most ridiculous (and tragic) events of 2025, in economic or economic policy terms.
J. M. W. Turner, financial arbitrageur
Abstract. J. M. W. Turner is famous for his achievements in graphic arts. What is not known is that he
Marginal Returns to Public Universities
From Jack Mountjoy, forthcoming in the QJE: This paper studies the returns to enrolling in American public universities by comparing
More on the GDP Release: Compare against “Core GDP” and GDO
Following up on Jim’s post yesterday, here are some additional thoughts on the “initial” (consolidated advance and 2nd) release: (1)
Rent Control Creates Ghost Apartments
Adam Lehodey writing at City Journal: In New York City, making a profit on real estate has become increasingly difficult.
Mysteries of the CPI Release
Numerous commentators have noted anomalies in the latest CPI release. Smith/Bloomberg quotes “Lost in Translation,” according to TD Securities. “Delayed
Greg Mankiw’s Blog: Principles of Economics, 11e
About Me Name: Greg Mankiw Location: United States I am the Robert M. Beren Professor of Economics at Harvard University.