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Justin Wolfers
Works at University of Michigan
Attended Harvard University
Lives in Ann Arbor, Michigan
4,741 followers|114,847 views
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Justin Wolfers

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A simple chart makes a simple point.
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I should probably read this book.  I thought Marx's Capital was pretty weak, so playing off that title doesn't do anything for me.  However, I do think it gets difficult to justify wealth owned by those who didn't work for it (Work being the rightful source of property/wealth according to another French economist from a different century).  Still, I'm hesitant to support a wealth tax because I think that would just push wealth "underground".  Somehow, I want to incentivize saving among most of the population, but spending among the wealthy.
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Justin Wolfers

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What can economics learn from marathons?
A lot. Goals work. They also distort.
Sometimes we make bad economic decisions because we’re straining to avoid the pain of a loss.
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Firms and workers contract in nominal terms.
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Talking today on "Now with Alex" about Rand Paul's misleadingly-named quest to "audit the Fed".
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The Fed is a crony corporation.  The shareholders are members from wallstreet and the bank of England.
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     bloombergposter says - Actually, it's quite simple. look at the us labor participation rate from bls. the graph is still going down; less and less people are working. http://data.bls.gov/timeseries...

Focusing on what the government tells you (even u6 numbers) is a big distraction." 
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My latest column analyzes the latest Nobel, and what Fama, Shiller and Hansen have taught us about both the wisdom and madness of crowds.
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Justin Wolfers

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Did a book by a French economist begin a broad national conversation about inequality, or is it only attracting attention in the East Coast liberal echo chamber?
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Hey, there's my favorite economist!
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good
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Hey, there's my favorite economist, +Betsey Stevenson, talking about women and the economy, in the White House briefing room...
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Justin Wolfers

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Over the next few months, I'll be moving my popular writing across to the New York Times, where I'll be a contributing columnist for a super-exciting new gig aiming to provide a lens for interpreting data about economics, public policy, and politics. Should be fun!
http://www.politico.com/blogs/media/2013/11/ny-times-hires-four-for-new-data-vertical-177987.html
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Congratulations, Justin - smart move from the NYT....
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If you've missed hearing +Betsey Stevenson talking publicly about the economy since she joined the Obama administration, I have good news for you. She's now tweeting from a new "official" twitter account,@CEABetsey. 

It's an interesting experiment to have CEA members talking directly to the public.
https://twitter.com/CEABetsey
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Hi
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Have him in circles
4,741 people
Work
Occupation
Economics Professor
Employment
  • University of Michigan
    Professor of Economics and Public Policy, 2011 - present
  • Brookings Institution
    Non-resident Senior Fellow, 2009 - present
  • The Wharton School, University of Pennsylvania
    Associate Professor of Business and Public Policy, 2004 - 2012
  • Stanford GSB
    Assistant Professor of Economics, 2001 - 2004
Places
Map of the places this user has livedMap of the places this user has livedMap of the places this user has lived
Currently
Ann Arbor, Michigan
Previously
Sydney, Australia - Cambridge, MA - San Francisco, CA - Philadelphia, PA - Washington, DC - Port Moresby, Papua New Guinea
Story
Tagline
Economist by day. Dad by night. Runner when I find the time.
Education
  • Harvard University
    Ph.D, Economics, 1997 - 2001
  • University of Sydney
    B.Ec (Hons and medal), 1991 - 1994
  • James Ruse Agricultural High School
    1985 - 1990
Basic Information
Gender
Male
Birthday
December 11
Relationship
In a domestic partnership
These guys are rip-off artists. Don't waste your time here. Our story. We called around different dealerships for prices for a new car. These guys were cheapest, so I made sure to call again and to go through the price and all the usual hidden extras line by line. I wanted to make sure that we weren't going to get the usual car salesman bull. He gave us all those details. Then we went in to the dealership, ready to sign the papers and drive the car off the lot. Suddenly the salesman "discovered" that the car we wanted had an extra "$1000" in extras on it (all extras the dealer had put on), and because he was so "generous", he would give it to us for an extra $600. (These were all nonsense extras too that aren't worth anywhere near that.) So suddenly our precisely negotiated price was another $600 higher. We walked out, vowing never to come back again. And the same thing will happen to you: Read the other reviews here. Basically they put these "extras" on all their cars, which makes it all the more surprising that they "forget" to tell you about them. Don't waste your time--even after double-checking before we drove out here, we just learned they were lying to us. Liars, cheats and time wasters.
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