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 Planning Fallacy or How To Ever Get Anything Done

The Planning Fallacy or How To Ever Get Anything Done

The "planning fallacy" refers to a psychological theory that people systematically underestimate how long it will take them to complete a given task.

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Lessons from World War II Statisticians: Survivorship Bias and Sequential Analysis

Lessons from World War II Statisticians: Survivorship Bias and Sequential Analysis

During World War II, a Statistical Research Group was formed to assist the war effort.

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Joseph Schumpeter:

Joseph Schumpeter: "Capitalism Stands Its Trial before Judges Who Have the Sentence of Death in their Pockets"

In my experience, relatively few of those who pretend to adjudicate between capitalism and socialism are interested weighing the evidence: instead, most of these discussions quickly turn into denunciations of the flaws of capitalism, apparently with the assumption that any un-capitalism would inevitably be an improvement.

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Charles Dickens on Management and Labor

Charles Dickens on Management and Labor

There's a sort of parlor game that the economically-minded sometimes play around the Christmas holiday, related to A Christmas Carol, by Charles Dickens.

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Charles Dickens on Seeing the Poor

Charles Dickens on Seeing the Poor

Charles Dickens wrote what has become one of the iconic stories of Christmas day and Christmas spirit in A Christmas Carol. 

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