Timothy Taylor Global Economy Expert

Timothy Taylor is an American economist. He is managing editor of the Journal of Economic Perspectives, a quarterly academic journal produced at Macalester College and published by the American Economic Association. Taylor received his Bachelor of Arts degree from Haverford College and a master's degree in economics from Stanford University. At Stanford, he was winner of the award for excellent teaching in a large class (more than 30 students) given by the Associated Students of Stanford University. At Minnesota, he was named a Distinguished Lecturer by the Department of Economics and voted Teacher of the Year by the master's degree students at the Hubert H. Humphrey Institute of Public Affairs. Taylor has been a guest speaker for groups of teachers of high school economics, visiting diplomats from eastern Europe, talk-radio shows, and community groups. From 1989 to 1997, Professor Taylor wrote an economics opinion column for the San Jose Mercury-News. He has published multiple lectures on economics through The Teaching Company. With Rudolph Penner and Isabel Sawhill, he is co-author of Updating America's Social Contract (2000), whose first chapter provided an early radical centrist perspective, "An Agenda for the Radical Middle". Taylor is also the author of The Instant Economist: Everything You Need to Know About How the Economy Works, published by the Penguin Group in 2012. The fourth edition of Taylor's Principles of Economics textbook was published by Textbook Media in 2017.

 

International Car Production and Ownership: Some Snapshots

Motor vehicle production and ownership is one window for looking at differences and changes in the world economy. Here are some snapshots from the Transportation Energy Data Book, produced by Oak Ridge National Laboratory for the US Department of Energy, updated August 2018. (For the record, the book includes many more figures about energy, motor vehicles, and other types of transportation, with a primarily US focus.)

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Update on US Health Insurance Coverage

As the US continues to wrestle with the aftermath of the Patient Protection and Affordable Care Act of 2010 and to contemplate future changes in its health insurance programs, one useful starting point is the facts about health insurance coverage presented by Edward R. Berchick, Emily Hood, and Jessica C. Barnett of the US Census Bureau in the annual report, Health Insurance Coverage in the United States: 2017 (Current Population Reports, September 2018, P60-264).

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More $100s Than $1s

Trivia question for today: What denomination of US currency has the largest number of bills in circulation? Up until 2016, the correct answer was the $1 bill. Now, it's the $100 bill.

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The Amazon Effect

One of the ongoing puzzles of the US economy in recent decades is why inflation has stayed so low. Even former Fed Chair Janet Yellen has highlighted this puzzle.

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Progressive Redistribution: What's Happened? What's Next?

Is the rise in economic inequality around the world during the last few decades mainly a matter of economic forces that have affected wages, or a matter of political forces that reduced the extent of redistribution? What are the long-term patterns across the world in income redistribution? Does more redistribution happen in the more unequal countries?

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