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.

 
The Jones Act: Consequences of a Destructive Industrial Policy

The Jones Act: Consequences of a Destructive Industrial Policy

The United States has had an industrial policy aimed at boosting its domestic shipbuilding industry since the passage of the Merchant Marine Act of 1920, commonly known as the Jones Act.

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Reallocation Within an Industry: A Secret Strength for the US Economy

Reallocation Within an Industry: A Secret Strength for the US Economy

It would be nice if the processes of economic growth were well-mannered: for example, if it benefited all workers and industries and groups equally–or perhaps with some additional benefit for those with lower incomes.

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Why Aren’t More Patents Leading to More Productivity?

Why Aren’t More Patents Leading to More Productivity?

The number of US patents granted has been rising rapidly. However, US productivity has not been rising. Why aren’t more patents leading to more productivity?

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Snapshots of Corporate Bonds in the Long Run

Snapshots of Corporate Bonds in the Long Run

Certain basic investment models are based on just two investment options: a safe asset like US Treasury bonds and a risky asset like a stock-market index fund.

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Follow R-Star?

Follow R-Star?

For economists, r* refers to the “natural rate of interest” that emerges from economic theory.

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