An economist’s argument against calling a special session
Minnesota’s budget outlook is cloudy. More legislating won’t help.
Louis Johnston writes Macro, Micro, Minnesota for MinnPost, reporting on economic developments in the news and what those developments mean to Minnesota. He is Professor of Economics at College of Saint Benedict | Saint John’s University.
Minnesota’s budget outlook is cloudy. More legislating won’t help.
The airline is spending money to help solve a problem largely of the industry’s own creation.
The exponential rise in economic growth over the past 500–800 years had everything to do with spread of ideas in philosophy, politics, natural science, and social science.
The Minneapolis Fed president issued a direct challenge to the rules-based approach — pioneered by Minneapolis economists — that has dominated monetary policy for the last three decades.
Here’s what’s behind Russia’s ruble crisis and why Vladimir Putin is offering no change in his unstable policies.
Kocherlakota faced the same problem faced by Gene Bartow when he succeeded John Wooden as UCLA’s basketball coach: you will always be compared with your predecessor.
These books can help anyone understand what economics is really about.
Will the trajectory of economic growth started two hundred years ago continue unabated, or has it already tapered off?
Brandl’s starting point for public policy was that “only competition and community can dependably channel the efforts of free people to public purposes.”
The situation is better for women without a college degree than for men. But that just raises some larger questions about the labor market as a whole.
The data clearly shows something policy makers must come to terms with: that the labor market for men with less than a college education is not working.
Fifty-seven years later, the moon landing is only the most conspicuous result of Sputnik’s launch.
Like so many things having to do with the economy, the picture looks different depending on which data you consult.
Though this round of government data prompts more questions than answers when it comes to understanding what’s really going on with Minnesota’s economy.
And now — with interest rates at historic lows — we’re missing a golden opportunity to make important long-term investments.
A new paper estimates that the net number of jobs lost in the United States from 1999 to 2011 due to import competition is far bigger than anyone thought.
The decision is only a victory for those who think international trade is a zero-sum game.
For the first time, economists are able to see what is happening quarter-by-quarter in the individual states, giving a more nuanced view of the economy.
Why it was built. How it makes money. And how a Minnesota connection was instrumental in its construction.
When it comes to economic growth, job creation and employment, Minnesota is more than holding its own.