Why We Should Worry About U.S. Productivity Growth

Because productivity growth improves our standard of living, economists are trying to understand why the productivity growth rate is declining.

An Economics Tool Kit: Unintended Consequences

Next to “no free lunch,” perhaps the most important idea in an economics tool kit is “unintended consequences.” Our story starts in Bogota, Colombia and a visiting professor who tells the Freakonomics people that his friends picked him up with…

Election Economics: Assessing Outsourcing

Until November 6, at econlife, Mondays will be about presidential election economics. In 2004, when President Bush’s Council of Economic Advisers chairman, Harvard professor Greg Mankiw, was lambasted for saying, “… I think outsourcing is a growing phenomenon, but it’s something…