Category Archives: Teaching Economics

Inequality Conference in Memory of Gary Becker at Stanford’s Hoover Institution

Last Thursday and Friday the Hoover Institution at Stanford hosted a wonderful Conference on Inequality in Memory of Gary Becker. John Raisian and I opened the conference commenting on the appropriateness of both the venue and the topic: Gary spent … Continue reading

Posted in Teaching Economics

Family Economics and Macro Behavior at a Gary Becker Memorial

Kevin Murphy and I were invited to speak at a memorial session for Gary Becker at the Mont Pelerin Society meetings in Hong Kong yesterday.  My remarks focused on the time Gary spent each year at the Hoover Institution and … Continue reading

Posted in Teaching Economics

The American Economy: Turtle or Caged Eagle?

Last week I was on a panel with Stanford President John Hennessy and Congressman Paul Ryan at the new Hoover Institution Offices in Washington. Al Hunt moderated the discussion which focused on policies to raise economic growth. The video is … Continue reading

Posted in Slow Recovery, Teaching Economics

Stanford’s Economics 1 Now Coming Online

I have been teaching economics at Stanford for many years. Economics 1 is one of my favorite courses, and it’s been one of the most popular courses at Stanford.  I usually teach it in a large lecture hall with hundreds … Continue reading

Posted in Teaching Economics

Ten Amusingly Irreverent Tweets at Conference on Fed

So many members of the financial press were having a good time tweeting at the Fed Centennial conference last week at Stanford that, according the “TweetReach Report,” about 1 million Twitter accounts were reached and 10 million tweets were delivered … Continue reading

Posted in Teaching Economics

An Essay on Gary Becker for the Hoover Digest

I wrote this short essay on Gary Becker for the Hoover Digest where it will appear in a forthcoming issue: Gary Becker was “the greatest social scientist who has lived and worked in the last half century.” So declared Milton Friedman … Continue reading

Posted in Teaching Economics

Market Failure and Government Failure in Leading Economics Texts

A new review of 23 leading Principles of Economics texts reveals huge differences in the coverage of government failure versus market failure.  Jim Gwartney, who is the author of a leading text with a strong emphasis on public choice, along … Continue reading

Posted in Teaching Economics

Deleting Vice and Other Revisions in Monetary Lectures

Yesterday I finished my course on Monetary Theory and Policy for this year’s 1st year PhD students at Stanford.  I have been teaching in the 1st year PhD core for a long time and it gets more interesting each year.  (Technically speaking … Continue reading

Posted in Teaching Economics

A First Meeting of Old and New Keynesian Econometric Models

Lawrence Klein who died last October at age 93 is most remembered for the “creation of econometric models and the application to the analysis of economic fluctuations and economic policies” as the Nobel Prize committee put it in the 1980 … Continue reading

Posted in Teaching Economics

Where Do Policy Rules Come From?

I recently read Steve Williamson’s interpretation of what I was and was not claiming when I wrote my 1992 paper on what would come to be called the Taylor rule.  It’s quite a while ago, but I have a different … Continue reading

Posted in Monetary Policy, Teaching Economics