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.

 

Taming the Demon of Work

As a meditation for Labor Day, I offer the story of the Benedictine monks of the Monastery of Christ in the Desert in northern New Mexico. They had a booming dot-com start-up in the late 1990s as digital scribes--and then they shut it down because it was interfering with their main purpose in life. Jonathan Malesic tells the story in "Taming the Demon: How Desert Monks Put Work in Its Place" (Commonweal, February 2, 2019). Malesic starts the story this way:

Read More...

H.L. Mencken on Capitalism vs. Socialism

This characteristically pungent comment is from H.L. Mencken’s 1956 collection, Minority Report: H.L. Mencken's Notebooks (Johns Hopkins University Press edition, 1997, p. 264):

Read More...

Thorstein Veblen: Economics is a Science of Complaisant Interpretations, Apologies, and Projected Remedies

I always enjoy reading Thorstein Veblen, partly because his writing strays back and forth across the line between "raising questions of real interest" to "just plain old dyspeptic and cantankerous." His 1918 essay "The Higher Learning In America: A Memorandum On the Conduct of Universities By Business Men" is full of comments from both categories, often closely overlapping. 

Read More...

Robert Nozick: Utility Monsters and Experience Machines

One of the classic problems of economics involves how to make comparisons between the welfare of different people. As a common example, imagine taxing a high-income person and redistributing the money to a low-income person. In the utilitarian framework beloved of economists, a high-income person would receive less "utility" or happiness from that additional income than a low-income person would gain from receiving a transfer. Thus, it is argued, redistribution from high-income to low-income will increase the overall happiness or utility of society.

Read More...

Dorothy Sayers: On Susceptibility to Propaganda and Advertisement

Dorothy Sayers (1893-1957) is probably best-remembered as the author of the (fabulously good) Lord Peter Wimsey detective novels and stories. But she also received first-class honors modern languages and medieval literature from Oxford in 1915, before women were officially awarded degrees, and later in life also published books of poetry, theology, and a well-regarded translation of Dante's Divine Comedy. In 1948, she wrote an essay titled "The Lost Tools of Learning" (available various places on the web). A quick taste:

Read More...
Save
Cookies user prefences
We use cookies to ensure you to get the best experience on our website. If you decline the use of cookies, this website may not function as expected.
Accept all
Decline all
Read more
Analytics
Tools used to analyze the data to measure the effectiveness of a website and to understand how it works.
Google Analytics
Accept
Decline