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.

 

Some Economics of Hurricanes

As Hurricane Florence slams into the southeastern United States, here are a few posts from the past on the economics of hurricanes and other natural disasters.

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A Meditation with George Orwell on Judging the Choices Made by the Poor

The U.S. Census Bureau has just published its annual report with estimates of the U.S. poverty rate (footnotes and references to figures omitted): " The official poverty rate in 2017 was 12.3 percent, down 0.4 percentage points from 12.7 percent in 2016. This is the third consecutive annual decline in poverty. Since 2014, the poverty rate has fallen 2.5 percentage points, from 14.8 percent to 12.3 percent. In 2017, there were 39.7 million people in poverty ..."

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China's Belt and Road Initiative: Grand or Grandiose?

China's Belt and Road Initiative was first announced five years ago in 2013. Broadly speaking, the grand plans is for a grand set of transportation connections from China across Asia, and reaching to Africa and Europe. Some of the connections would be overland (the "belt") and others would be overseas (the "belt"). Chinese banks and investment funds would provide substantial finance for these projects, and Chinese firms -- many with considerable experience building infrastructure in China -- would carry out a substantial chunk of the work.

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The Family Options Experiment: Reducing Homelessness with Long-Term Rent Subsidies

What policy steps might offer at least a medium-term solution for homelessness affecting families with children? The Family Options Study is a randomized experiment run by the US Department of Housing and Urban Development that sought to address this topic. As it explains at the website:

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The Problematic Market for Snakebite Antivenoms

The World Health Organization reports: "About 5.4 million snake bites occur each year, resulting in 1.8 to 2.7 million cases of envenomings (poisoning from snake bites).

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