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.

 
Adam Smith as a Practical Development Economist

Adam Smith as a Practical Development Economist

For modern economists, Adam Smith's classic The Wealth of Nations is a source of memorable concepts: the division of labor, the "invisible hand," relying on the self-interest of the butcher and baker to provide us with products we want, the insight that people of the same trade rarely get together without trying to come up with some contrivance for raising prices, the four canons of taxation, and many more. 

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The Productivity Race: US vs. Germany vs. Japan

The Productivity Race: US vs. Germany vs. Japan

Over the long run of decades, essentially all of the gains in standard of living are due to higher levels of productivity.

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US Transportation Infrastructure: Manage Supply or Demand?

US Transportation Infrastructure: Manage Supply or Demand?

Much of the public discussion over US transportation infrastructure proceeds from the belief that it faces a supply problem which needs to be fixed by updating the old and building more of the new.

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The Semi-Official End of the Longest US Economic Expansion

The Semi-Official End of the Longest US Economic Expansion

The longest economic expansion in US history (or at least back to 1854, before which time the data gets not just shaky but exceedingly shaky) ended in February at 128 months.

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Pregnancy-Related Mortality in the US

Pregnancy-Related Mortality in the US

When it comes to maternal mortality during pregnancy, the United States not only lags behind other high-income countries, but has been getting worse.

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