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.
One might expect that certain sectors of the economy will have faster productivity growth than others: for example, productivity seems likely to grow faster for semiconductor manufacturers than for a gas station.
The legendary investor Warren Buffett each year publishes a letter to the shareholders of Berkshire Hathaway, both reporting returns from the previous year and also offering reflections on past investment decisions and philosophies.
The Inflation Reduction Act, signed into law by President Biden in August 2022, is actually a mixture of tax, healthcare, and clean energy policies.
The behavior of inflation was already a mystery before it started rising in 2021.
World War II did cause some short-term disruptions and shortages in the US economy.
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