What Will Happen to U.K. Trade, Post-Brexit?

As James Surowiecki writes in this week’s issue of the The New Yorker, Leave campaigners hope they can jettison Europen Union provisions they don’t like, such as free movement of labor, but maintain access to the EU for trade. Surowiecki thinks they’ve got a tough road to hoe when it comes to working out new […]

Joel Mokyr on Tech, Innovation and Economic Growth

Joel Mokyr, a Northwestern University economist and author, in a WSJ op-ed: There is nothing like a recession to throw economists into a despondent mood. Much as happened in the late 1930s—when there was a fear of so-called secular stagnation, or the absence of growth due to a dearth of investment opportunities—many of my colleagues […]

Some of My Favorite Email Newsletters

Last fall I began using email newsletters* to keep abreast of the day’s biggest business and economics stories. Since I’ve been spending a lot of time in class, mostly away from news sites, I’ve come to appreciate these daily email compilations. Here are a few I like: Reuters Counterparties. This “curated snapshot of the best […]

Notes from Tonight’s Presidential Economic Advisers Forum

Here are my Tweets, in reverse chronological order, from the Presidential Economic Advisers Forum 2012, which took place at Columbia University here in New York tonight. On hand were Mitt Romney’s Senior Economic Adviser, R. Glenn Hubbard, and Jeffrey Liebman, who holds that position under President Obama. Columbia president Lee Bollinger made some introductory remarks. […]

The U.S. Economy and the Presidential Election

Update 2: I’ve replaced the final chart with one that shows long-term real GDP growth per capita. Update 1: I’ve corrected the debate kickoff time, below. The U.S. economy is, of course, at the center of this year’s presidential race. As the first 2012 presidential debate approaches tonight (it begins at 8 p.m. 9 p.m. […]

Two Economics-Related Stories Worth Reading: the iPhone Economy and the Emergence of Dual Gilded Ages

Two economics-related stories I suggest checking out: 1) This New York Times story by Charles Duhigg and Keith Bradsher, which was the toast of Twitter yesterday, is worth a read. It’s called “How the U.S. Lost Out on iPhone Work.” You’re probably familiar with many of the concepts here — higher labor costs and fewer […]

Thailand rice pricing: analysis from the FT and Forbes

The FT and Forbes have recently run stories on Thailand’s controversial plans to pay farmers above-market rates for rice. In short, farmers say the price hike is a necessary for them to make a fair wage. Exporters say their margins are already thin, and that by making Thai rice more expensive, the government will price […]

Bloomberg talks to Thailand’s Dep. PM about interest rates and growth

Bloomberg reports today that: Thailand’s five-week old government signaled it wants the nation’s central bank to stop raising interest rates as Prime Minister Yingluck Shinawatra seeks to stoke growth in Southeast Asia’s second-biggest economy. “I did not agree with high interest rates to handle inflation if it’s not demand-pull inflation,” Deputy Prime Minister Kittiratt Na-Ranong […]