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Monday, September 7, 2015

Origins of Labor Day

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It's clear that the first Labor Day celebration was held on Tuesday, September 5, 1882, and organized by the Central Labor Union, an ear...
Friday, September 4, 2015

The Economies of Latin America: Fade or Pause?

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Five years ago in September 2010, the Economist magazine ran a lengthy article titled: " A Latin American decade? The reformers have wo...
Wednesday, September 2, 2015

Campbell Harvey: Interview on Topics in Finance

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An interview of Campbell Harvey by David A. Price appears in Econ Focus, published by the Federal Reserve Bank of Richmond (2015 First Qua...
Tuesday, September 1, 2015

Crossing the Ravine from Economic Theory to Policy Advice

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When describing the benefits of learning economics to often-skeptical listeners, I often quote Joan Robinson (in the 1978 book Contributions...
Monday, August 31, 2015

Global Value Chains and Rethinking Production and Trade

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Back in the 1920s and 1930s, manufacturing often meant enormous factories that tried to bring as many activities as possible under one roof-...
Friday, August 28, 2015

Falling Labor Share: Measurement Issues and Candidate Explanations

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It is a remarkable fact that the labor share of income in the United States hovered in the range of 60-65% of total income for 50 years--but...
Thursday, August 27, 2015

States as the Laboratories of Democracy: An Historical Note

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Perhaps the most famous metaphor defending the virtues of US federalism is that states can act as laboratories of democracy: that is,  state...