Women in the US Labor Market

December 19th, 2016
in employment, macroeconomics

by Timothy Taylor, Conversable Economist

The role of US women in the (paid) labor force has shifted dramatically in the last half-century or so. For example, the figure shows the labor force participation rate (which includes both those holding jobs and those who are unemployed and looking for work) for men and women since the late 1940s.

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Most of the Working Class Missed The Current Economic Expansion

December 17th, 2016
in aa syndication, weekly economic summary

Written by

If I hear one more idiot declare how well the economy is doing - I will scream. Half the population has not enjoyed economic improvement in the 21st century.

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Hans Albert Expands Robinson’s Critique of Marginal Utility Theory to the Law of Demand

December 16th, 2016
in history, macroeconomics

by Philip Pilkington

Fixing the Economists Article of the Week

A few days ago I wrote a post outlining Joan Robinson’s criticisms of the logical structure of marginal utility theory. It got quite a good response. Robinson’s point was that the manner in which the theory was constructed rendered it useless. Examined carefully it said or could say nothing of substance.

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Trump on Trade – What Will He Really Do?

December 14th, 2016
in trade data, macroeconomics

by Elliott Morss, Morss Global Finance

Introduction

We have heard a lot of “loose” statements from Trump on what he will do to countries “cheating on trade” when he becomes President. In this piece, I examine the underpinnings of his assertions and speculate on what his trade policies will actually be when he becomes President.

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A Lesson from the Great Depression that the Fed might have Learned

by Voxeu.org

-- this post authored by Michael Bordo and Arunima Sinha

A Comparison of the 1932 Open Market Purchases with Quantitative Easing

In the wake of the Great Recession, the Federal Reserve took unprecedented measures to stem economic decline. This column uses the Fed’s open-market operations in 1932, another period of short-term rates near the zero lower bound, as a comparison for the QE1 operation of 2008-09. Although the 1932 policy boosted output and inflation, if the Fed had announced the operation in advance and carried it out for a full year, the Great Depression could have been attenuated considerably earlier.

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