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.

 
Can a Dose of Randomness Help Fairness?

Can a Dose of Randomness Help Fairness?

As the philosophers teach, there are many ways to think about “fairness.”

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Bad Development Ideas

Bad Development Ideas

It has been my tradition at this blog to take a break from current events in late August.

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Reconsidering the “Washington Consensus”

Reconsidering the “Washington Consensus”

About 20 years ago, I found myself (via a story too long and tedious to relate here) part of a small group of economists travelling in South Africa for a week, meeting with various business, government, and academic groups. Within our little group , we each had some topics on which we would focus the first round of our comments. For example, one person talked about how to structure an emerging telecommunications industry, while another talked about barriers to international trade in agriculture. My own role, at least as perceived by the audience, was to be the defender of American imperialist capitalism. And no phrase was delivered to me with quite the same scorn and disdain–and frequency–as “the Washington consensus.”

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Pandemic Recession: By Far the Shortest on Record

Pandemic Recession: By Far the Shortest on Record

In the United States, there is no government committee to set the start and end dates of recessions–for obvious political reasons.

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The Pandemic Recession: What Was Different in Labor Markets?

The Pandemic Recession: What Was Different in Labor Markets?

It felt back in September 2008, at least to me, as if the Great Recession erupted all at once.

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