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Timothy Taylor @TimothyTTaylor

Journal of Economic Perspectives, Conversable Economist

Joined October 2012
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Homo Experiens, the Biology of Decision-Making, and Behavioral Economics conversableeconomist.com/202…

Homo Experiens, the Biology of Decision-Making, and Behavioral Economics - Conversable Economist

The standard definition of "behavioral economics" is that it brought insights from psychology to bear on economic decision-making: that is, concepts like using rules-of-thumb in situations with...

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Timothy Taylor@TimothyTTaylor
Jun 11
Geoeconomics and Rethinking the Logic of Trade conversableeconomist.com/202…

Geoeconomics and Rethinking the Logic of Trade - Conversable Economist

Finance & Development has published a five-paper symposium on “Geoeconomics" (June 2026)., which is the idea that in a global economy, national security policy needs to be incorporated into economic...

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Timothy Taylor@TimothyTTaylor
Jun 11
Rhishi Pethe explains "How Avocados Stopped Being Seasonal. And what could threaten your Avocado Toast." sftw.substack.com/p/how-avoc…
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Michael F. Cannon 🇮🇪🇺🇸@mfcannon
Jun 9
Someone finally wrote the overview of physician/clinician supply econ that I've been dying to read. Congrats and thank you to @GottliebEcon, Sean Nicholson, plus JEP/@AEAjournals editors @heidilwilliams_, @USCBO's Jeffrey Kling, and @TimothyTTaylor. aeaweb.org/articles?id=10.12…

Physician Competition: Entry and Substitution

(Spring 2026) - We describe competition in the physician market, focusing on how entry barriers and substitution possibilities have changed in recent decades. Regulatory caps on medical school seats...

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Chair Jerome Powell: An Early Retrospective conversableeconomist.com/202…
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Is GDP Failing to Capture AI? conversableeconomist.com/202…

Is GDP Failing to Capture AI? - Conversable Economist

Gross domestic product measures the economic transaction in an economy, according to quantities bought and sold and market prices. But does this method work for AI? Anton Korinek and Patrick McKelvey...

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Does Leniency for First Offenders Pay Off? conversableeconomist.com/202…

Does Leniency for First Offenders Pay Off? - Conversable Economist

Consider a person who is convicted of a misdemeanor. It is their first offense. Should that person be punished to the full extent of the law, or dealt with more leniently? Depending on one's prejud...

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Simone Weil on Education and Attention conversableeconomist.com/202…

Simone Weil on Education and Attention - Conversable Economist

I've written a number of times in this space about the "attention economy" (for example, here, here, and here). When people consume content on a screen, we are in effect selling our attention....

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Lessons for Central Banks: Interview with Kristin Forbes conversableeconomist.com/202…

Lessons for Central Banks: Interview with Kristin Forbes - Conversable Economist

Thomas Chow poses the questions in "Kristin Forbes on 'wargaming' for thenext crisis," subtitled "The MIT professor and former BoE MPC member speaks about QE, scenario analysis and the ar of conduc...

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Timothy Taylor@TimothyTTaylor
May 26
How Medicare and Medicaid Rely on Private Health Insurance conversableeconomist.com/202…

How Medicare and Medicaid Rely on Private Health Insurance - Conversable Economist

For a majority of Medicare and Medicaid recipients, the government program is paying a private health insurance company to provide the service from a private firm. In the Spring 2026 issue of the...

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Timothy Taylor@TimothyTTaylor
May 22
Agricultural Production Functions Without Prices conversableeconomist.com/202…

Agricultural Production Functions Without Prices - Conversable Economist

I admit this story is insider stuff for those with experience of academic seminars for economists. But it made me laugh, so I pass it along. It's how Jesse Tack, Jisang Yu, and Roderick M. Rejesus...

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Peter John Lambert
@pj_lambert
May 21
Is GenAI causing the relative decline in early-career hiring? Our latest research finds that these effects may be conflated with another important driver: the rise of WFH arrangements (1/N)
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May 20
A Foretaste of Warsh as Chair of the Federal Reserve conversableeconomist.com/202…

A Foretaste of Warsh as Chair of the Federal Reserve - Conversable Economist

Kevin Warsh was nominated by President Trump in January 2026 to replace Jerome Powell as Chair of the Federal Reserve. He was confirmed by the US Senate last week and sworn in as the new Fed chair...

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How is AI Affecting the Quantity and Quality of New Books?conversableeconomist.com/202…

How is AI Affecting the Quantity and Quality of New Books? - Conversable Economist

For those of us who live in the world of editing, writing, and publishing, the ability of the newest generations of AI tools to produce rivers of grammatically correct prose is a deep shock. But is...

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Is China Blocking Developing Economies? conversableeconomist.com/202…
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