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Must-Read: Paul Romer: Professionalism and the Academic Division of Labor

Must-Read: Paul Romer: Professionalism and the Academic Division of Labor:

Ed Prescott has a new NBER paper (with a co-author I do not know) on monetary policy with negative nominal interest rates…

Other economists have written on this topic. None of the work I know in this area is mentioned in Ed’s paper…. Suppose that 100 readers of the Prescott paper pursue questions about negative nominal interest rates and that links to the literature could have saved each of them 10 minutes. Then 100 minutes invested could have saved 1000 minutes. How many other chances does any of us have to make an investment with a 10x payoff? So Ed, please. Demonstrate what it means to be a professional

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Must-Read: Paul Romer: Professionalism and the Academic Division of Labor

August 2, 2016

AUTHORS:

August 2, 2016

AUTHORS:

U.S. economic mobility trends and outcomes

U.S. income and wealth inequality are no longer increasing, but a return to the equitable levels of the mid-20th century isn’t likely anytime soon