Category Archives: Teaching Economics
Still Crazy After All These Years—And What About the Next 50
Yesterday I was talking to a friend in my office about the great benefit to students from writing undergraduate honors theses in their senior year. I have long advised students to do so, perhaps because of the rewarding experience I … Continue reading
Posted in Monetary Policy, Teaching Economics
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Application Deadline Approaching for Free Public Policy Program
After a very successful launch last summer, Stanford’s Hoover Institution is again offering a one-week public policy boot camp this coming August 19-25. This “residential immersion program” is aimed at college students and recent graduates. It consists of lectures, workshops, informal … Continue reading
Posted in Teaching Economics
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Happy New Decade!
The Great Recession began exactly one decade ago this month, as later determined by the NBER business cycle dating committee chaired by my colleague, Bob Hall. There is still a great debate about the causes of the Great Recession, its … Continue reading
What’s Past is Prologue. Study the Past
Each year the Wall Street Journal asks friends for their favorite books of the year. Two years ago I chose Thomas Sowell’s history of income distribution in Wealth, Poverty, and Politics and Brian Kilmeade’s history on Thomas Jefferson and the Tripoli … Continue reading
A Policy Rule Presented at a Conference 25 Years Ago Today
Ed Nelson sent me a nice note today saying that the past two days (November 20-21) mark “the twenty-fifth anniversary of the Carnegie-Rochester Conference at which you laid out your rule.” I had forgotten about the specific dates, but his … Continue reading
Posted in Monetary Policy, Teaching Economics
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Debate Over the Very Principles of Economics
Today is the launch of the online version of my Economics 1 course (and namesake of this Blog and my Twitter handle) on the Principles of Economics for summer 2017. This year is also the tenth anniversary of the start … Continue reading
Posted in Financial Crisis, Teaching Economics
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Economics 1 Online. No Charge.
This summer I will be offering my Stanford course Principles of Economics online for free. You can find out more and register for the course, Economics 1, on Stanford’s open on-line platform Lagunita. The course starts at 8 am PT … Continue reading
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Milton Friedman on Freedom: A New Book
Milton Friedman on Freedom is a delightful new book of Friedman’s best works on freedom compiled and edited by Robert Leeson and Charles Palm. It is a delight to have these writings in one lean volume, and the book also … Continue reading
Posted in Teaching Economics
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The Room Where It Happens
I enjoy the nexus between the world of ideas and the world of action, probably because I have gone back and forth between those two worlds several times as described here. There is nothing more rewarding then developing ideas and … Continue reading
Posted in Teaching Economics
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Central Bank Models: A Key to Future Monetary Policy
In thinking about the future of monetary policy, it’s important to consider legislative reforms and appointments, but it’s also important to consider the economic models that have come to be a key part of policy making in central banks. The … Continue reading
Posted in Monetary Policy, Teaching Economics
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Economics One 