The Econ Review

Economics News with a Historical Perspective

July 30, 2014

The Econ Review features a historical perspective on economics news and opinions with daily updates.  All original material is copyrighted.  Off-site references open in new windows.

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U.S. Budget Deficit

Discussion of the latest CBO budget projections can be found at the Economics Roundtable.


In the News

Payroll Employment

Recent History   Long-Term Chart

U.S. Budget Deficit
Bar Graph
CBO Budget Projections
Historical Data

Inflation & Unemployment
The Phillips Curve

John Cochrane uses very similar Phillips Curve charts to review recent history and current issues.

The Chart Room
Charts for GDP and payroll employment show the historical patterns in this relationship.  Custom select side-by-side charts for these variables and interest rates and yield curves.

Euro Roller Coaster
The wild ride continues.

Economics Roundtable
The latest news and views.


UK Leaves EMS 1992

U.S. Unemployment Rate Hits 25%

August 1932.  The U.S. unemployment rate hit 25% in August of 1932.  This startling increase came less than three years after the rate reached 0.04% in August 1929.


Bank Failures Causes Depression

Bank Failures Cause the Great Depression

The monetarists' explanation for the Great Depression focuses on changes in the money supply.  In this case, the changes were not the result of a deliberate policy experiment, but were instead the outcome of a lack of Federal intervention in the banking sector at a time when conditions for banks were quite perilous.


Stock Market Crash Causes Depression

Stock Market Crash Causes Depression

October 29, 1929.  Panic in the stock market by itself has little effect on the overall economy.  The potential effect on physical investment in plant and equipment is, however, enormous.



Micro Models

Micro Models

The Theory of the Firm and the Theory of the Consumer form the foundation for microeconomics.  The Classic Economic Models collection includes the most important models from each, covering both the supply and demand for goods and the supply and demand for labor.


Additional models of interest are available at Classic Economic Models.

Econ Clubs

Check the directory of economics clubs to see if your club is listed. Links are free.

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