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Conversable Economist. In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of...
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In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of conversation fit for the entertainment of rational creatures.” In Hume’s spirit, I...
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Technology and Carbon Emissions - Conversable Economist
The policy challenge of climate change is not likely to have a single magic bullet answer, but rather will require a cluster of answers. In addition, it seems extremely unlikely to me that world energ...
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Politically Homeless in the Land of Economics - Conversable Economist
There are of course a variety of reasons unrelated to economic policy to choose between Kamala Harris, Donald Trump, and other candidates running for President of the United States. But as an economis...
Conversableeconomist.com news digest
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3 days
Winter 2026 Journal of Economic Perspectives Freely Available Online
I have been the Managing Editor of the Journal of Economic Perspectives since the first issue in Summer 1987. The JEP is published by the American Economic Association, which decided back in 2011–to my delight–that the journal would be freely available...
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4 days
When Social Security Went Haywire in the 1970s
A useful way to look at the generousity of Social Security payments is to look at the “replacement rate” of benefits. This can be calculated in various ways, but a standard approach is to compare Social Security payments that would be received by someone...
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8 days
Tariffs and Inflation: Where Are We?
One of the predictions made by economists when President Trump announce the start of his freewheeling tariff policies in April 2025 was that the costs of the tariffs would ultimately be passed through to consumers, leading to overall higher inflation...
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10 days
The Liminal Status of US Immigration Policy
The US Congress has not enacted major changes to US immigration policy since the 1990s, three decades ago. Presidents of both parties have thus become accustomed to enacting immigration by decree, or “executive authority.” However, such policies are...
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