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.
Back in 2010, Jonathan Heathcote, Giovanni L. Violante, and Fabrizio Perri, published a study that compiled data from a number of publicly available sources to measure the evolution of US inequality in income, wages, and wealth over time, with data up through 2006 (“Unequal we stand: An empirical analysis of economic inequality in the United States, 1967–2006,” Review of Economic Dynamics 13(1), 15–51).
In modern economics, “iceberg costs” is an assumption built into certain models of international trade.
Imagine that someone told you that a key issue will be determined by whether the countries of the European Union display “unity.”
It’s a standard story at this point: work-from-home seems to be establishing itself as commonplace in many companies–at least in the “hybrid” form where many or most workers come into the office 3-4 days each week, but work from home the remaining time.
The “socialist calculation debate” happened in the 1920s and 1930s.