Economics News with a Historical Perspective
September 24, 2016
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. Payroll Employment
In the News
The Phillips Curve
John Cochrane uses very similar Phillips Curve charts to review recent history and current issues.
Euro Roller Coaster
The wild ride continues.
The latest news and views.
The Phillips Curve
1958. Phillips, A. W. H. "The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861-1957." Economica NS 25, no. 2 (1958): 283-99.
Bretton Woods Convention Reorganizes World Economy
July 22, 1944. Meeting in the resort town of Bretton Woods, New Hampshire, representatives of forty-one nations established conditions for international economic linkages. The conference created two new institutions, the International Monetary Fund and the World Bank. The centerpiece, however, was agreement on a system of fixed exchange rates specifically designed to avoid repeating the mistakes of the interwar period.
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.
The Classic Economic Models
The Classical Economic Models collection for the EconModel program includes sixteen of the most important models in microeconomics and macroeconomics. A web browser user interface makes it possible for beginning users to actively work with the models, drawing and shifting curves in an on-screen version of a chalkboard session.
Additional models of interest are available at Classic Economic Models.
Check the directory of economics clubs to see if your club is listed. Links are free.