The 2nd edition.
New! The 3rd edition,
with Dietz Vollrath.
Recent Papers"Exploring the Dynamics of Top Income Inequality" (with Jihee Kim), November 2012, Version 0.2 -- Preliminary and incomplete.
"The Allocation of Talent and U.S. Economic Growth" (with Hsieh, Hurst, and Klenow), February 2013, Version 3.0.
"Life and Growth" April 5, 2013, Version 3.0.
"Beyond GDP? Welfare across Countries and Time" (with Pete Klenow), February 16, 2011, Version 3.0.
"Misallocation, Economic Growth, and Input-Output Economics" February 24, 2011. Presented at the 10th World Congress of the Econometric Society, August 2010.
"Intermediate Goods and Weak Links in the Theory of Economic Development" American Economic Journal: Macroeconomics, April 2011.
"The New Kaldor Facts: Ideas, Institutions, Population, and Human Capital" (with Paul Romer) American Economic Journal: Macroeconomics, January 2010.
"The Value of Life and the Rise in Health Spending" (with Bob Hall, Quarterly Journal of Economics, February 2007).
What Else is New?
04/05/13: Useful Graphs for Teaching: Current updates of many Macroeconomics graphs. (Send me an email if you need this updated.)
01/15/13: Country Snapshots 5.0: Lots of data on every country in the world in a nice, graphical format.
12/08/11: Google Scholar page.
11/18/11: "To Close the Gap." Book review of Michael Spence, The Next Convergence.
03/29/11: Useful matlab functions, especially for making graphs
06/10/08: My new latex style. Especially nice on a computer screen or color printer; hyperlinks throughout.
07/18/06: My research mailing list. An email mailing list that announces new or revised working papers.
The third edition of my textbook on economic growth, now coauthored with Dietz Vollrath. Here it is at Amazon. The data in Table C.2 of the book can be downloaded from here.
- MgtEcon 300: Stanford MBA Macroeconomics, Spring 2013: Syllabus
- MgtEcon 610, Autumn 2012: Topics in Macroeconomics (PhD Course on Economic Growth)
- Useful Graphs for Teaching: Contains updates of many time-sensitive graphs from the Short-Run section of Macroeconomics, as well as a number of other useful graphs that haven't yet made it into the text. (I'll update every 4 months or so).
- Data and computer programs used in my papers
- Country Snapshots 5.0 Lots of data in nice graphs.
- Handbook of Economic Growth
- Useful matlab functions, especially for making graphs
- My computer tips
- My research tagxedo (more here)
My Latest Not-a-Blog Listings (complete list): Things I've read and enjoyed...
Seems like it applies to economics as well: "Physicists spend a large part of their lives in a state of confusion. It's an occupational hazard. To excel in physics is to embrace doubt while walking the winding road to clarity. The tantalizing discomfort of perplexity is what inspires otherwise ordinary men and women to extraordinary feats of ingenuity and creativity; nothing quite focuses the mind like dissonant details awaiting harmonious resolution. But en route to explanation -- during their search for new frameworks to address outstanding questions -- theorists must tread with considered step through the jungle of bewilderment, guided mostly by hunches, inklings, clues, and calculations. And as the majority of researchers have a tendency to cover their tracks, discoveries often bear little evidence of the arduous terrain that's been covered. But don't lose sight of the fact that nothing comes easily. Nature does not give up her secrets lightly." -- Brian Greene The Fabric of the Cosmos, Chapter 16.
A fact is worth a thousand theories... (?)
Data Links: StLouisFed | BLS | FFFutures | FedBalanceSheet | Euro | Economist | EconomistHouse | Shiller | Country Snapshots 5.0 | IMF | WB(Google) | FOMC | WSJForecast | SurveyProfFore | CBO | EcReportPresident | ConferenceBoard | WorldBank | TradingEconomics | WDI | OECDOutlook | FRBIntRates | HHSurveys | ILOHours | StateofUSA | NSF
Contact Information:Graduate School of Business
655 Knight Way
Stanford, CA 94305-4800
Phone: (650) 725-9265, Fax: (650) 724-7402
(directions to my office)