PGL at Econospeak begins an analysis of the economists and economics of election promises of Romney’s economic ‘plan?’: Jon Ward reports that Glenn Hubbard, Greg Mankiw, and John Taylor joined…

…liability’ over 75 years or over the ‘Infinite Horizon’ derives directly from the specific economic and demographic numbers deployed by that particular model. Meaning that any different economic assumptions they…

…Economic Schools of Thought One charge that often comes up from libertarian and conservative economists is that there is no data to support the positions typically adopted by those can…

…1980 we got schooled in the Stockman trickle down theory of economic growth which included lower taxes will raise collections and bolsters economic growth. It was all about cutting taxes…

…to develop. The dynamic process: Familiar facts in a new setting Economic environments do not have a specified life cycle, like the business cycle. As I have argued elsewhere, economic…

…an economic expansion. If anything, this economic expansion has been somewhat disappointing, compared to historical periods of economic expansion. I’ve assembled the following graphs to (hopefully) lay this issue to…

…approach to economic policy. The first is that he sees it mainly as a question of salesmanship. Showing an admirable faith in markets, the president seems to think that economic…

Presidents, Taxes and Economic Growth by Mike Kimel One of the never-ending debates in economics is the extent to which taxes affect the economy. Most people are fairly certain that…

…estimate the optimal top marginal tax rate – that is, the tax rate at which economic growth is maximized. It will also deal with a weakness that vexes many economic…

…distinction was between the study of “what is” and “what ought to be.” The second distinction was between “economic science” (or “economics”) and “political economy.” Economic science presumably distinguished itself…