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- BNET Author Biography
Tyler Cowen is a professor of economics at George Mason University and is the author of 12 books, most recently Discover Your Inner Economist. He blogs regularly at Marginal Revolution.- more about Tyler Cowen »
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- The $787 Billion Question
- What are the odds that Obama's massive new spending plan will succeed?As the Obama administration tries everything to get us out of the current economic crisis, nothing has proven more contentious than its $787 billion stimulus package. Is it the essential jolt that will jump start a recovery, or is...
- Articles 2009-03-24
- Good Policy, Bad Timing: How the Stimulus Package Could be Smarter
- There's nothing wrong with fiscal stimulus, but the odds that this package will ignite sustained recovery are low. Here's how the stimulus package could have been much smarter about jolting the economy without such a vast increase in federal debt. by Tyler Cowen
- Blog posts 2009-04-06
- Stimulus Spending Won't Help U.S. Industry Restructure Itself
- When an economy has serious structural problems, the "borrow and spend" approach is more a temporary bandage than a solution. The Obama administration does have some very ambitious plans for restructuring energy and health care, which -- if they work -- will prove much more valuable than any stimulus package....
- Blog posts 2009-04-07
- It's Easier For the Government to Print Money Than to Spend It; Or, Monetarism Rulz!
- I view pre-crisis macroeconomics as embodying a broad consensus -- namely, use monetary policy to regulate aggregate demand and use fiscal policy when there is a project worth spending money on. I still agree with that approach. Brad, you and I agree that aggregate demand is a...
- Blog posts 2009-04-07
- The Geithner Plan: An End Run Around Congress
- I have been worried about the possibility of private sector manipulation in the Geithner plan, as outlined by Jeff Sachs and others. I'd like to make sure the plan is protected from the worst of these outcomes. But overall I have been influenced by many of your...
- Blog posts 2009-04-08
- Coming to Grips With the End of Debt-Fueled Consumption
- Brad, I was intrigued by your blog post on your own site describing our exchange. It read as follows: Tyler worries that the U.S. economy faces deep problems of structural adjustment. I think that deep problems of structural adjustment melt away to normal annoyances whenever aggregate demand is high...
- Blog posts 2009-04-09
- The Economy is in Too Much Trouble for Stimulus to Help
- I think again you are arguing "stimulus vs. doing nothing" rather than "stimulus vs. what I have proposed," as I noted earlier. I suspect the core difference between us has to do with political philosophy. I would be closer to your view if I felt there was...
- Blog posts 2009-04-10
Additional Resources
- Fiscal Stimulus Beats Doing Nothing -- By a Lot
- Tyler, you write that you "find a lot of wisdom in using monetary policy to regulate aggregate demand and evaluating government spending projects on their own merits." Let me say that I agree 100 percent -- in normal times. Our problem right now is that times are not normal, and...
- Blog posts 2009-04-07
- Final Thoughts: What Would Turn Me Against Fiscal Stimulus
- Let me start off the last day of this debate by detailing things that would make me abandon my position, and rush to agree with Tyler Cowen that fiscal stimulus is just too dangerous a policy to risk using. As I see it, there are four legitimate...
- Blog posts 2009-04-10
- Arguments Against Fiscal Stimulus Exhibit "Deep Incoherence"
- It seems to me that there is a deep incoherence in the argument that fiscal stimulus won't work. Nobody -- well, very few people -- doubts that when demand falls and unemployment starts rising and consumer prices flatten and start going down that it is appropriate for the Federal Reserve...
- Blog posts 2009-04-07
- Yes to Economic Restructuring; No to Universal Bankruptcy
- Tyler, in your previous post you wrote: The fact that aggregate demand must contract is a big part of what is driving the sectoral shifts and we don't want to recreate the previous allocation of resources. The key to recovery is to get these unemployed resources into new and...
- Blog posts 2009-04-09
- Why the Geithner Plan is Good Medicine for the Banking System
- One thing that has puzzled me has been why I find myself to be one of relatively few people who approves of the Geithner plan. I think that it not only has a good chance of improving the employment situation by boosting risky asset prices so that businesses have an...
- Blog posts 2009-04-08
- Creative Destruction: How Globalization is Changing the World's Cultures
- Tyler Cowen. Creative Destruction: How Globalization is Changing the World's Cultures. Princeton, NJ: Princeton University Press, 2002, 179 pages, $16.95, softcover.Tyler Cowen. Creative Destruction: How Globalization is Changing the World's Cultures. Princeton, NJ: Princeton University Press, 2002, 179 pages, $16.95, softcover.
- Research articles 2005-10-01
- The Truth About the Current State of Financial Regulation
- Mark Thoma submits: Tyler Cowen, writing yesterday on financial regulation: Too Few Regulations? No, Just Ineffective Ones, by Tyler Cowen, Economic View, NY Times: There is a misconception that President Bush’s years in office have been characterized by a hands-off approach to regulation. ... But the reality has...
- External links 2008-09-14
- A Sit-Down with Treasury Officials (Part II)
- Kid Dynamite submits: In Part One of the recap of my trip to the Treasury, I outlined the questions and answers related to variations on the concept of "extend and pretend" - the refusal to acknowledge bad debts and instead attempt to stick our proverbial policy finger in the...
- External links 2009-11-05
- More Lessons in Persuasion: Using "the Power of Because"
- The Find: Giving a reason, any reason, may help you persuade others to do as you ask. The Source: More tips on polishing your persuasion skills from the authors of Yes! 50 Scientifically Proven Ways to be Persuasive as related by the blog, Marginal Revolution ...
- Blog posts 2008-07-07
- Is Your College Professor Autistic?
- Is your college professor autistic? Could be. Apparently there are lots of autistic professors teaching in college classrooms. And some are even winning Nobel Prizes. "There is a lot more autism in higher education than most of us realize," writes Tyler...
- Blog posts 2009-07-17
- Blogging and an Intellectual Bottom Line
- Tyler Cowen, in a post titled Blogging as self-experimentation, notes:Blogging makes us more oriented toward an intellectual bottom line,more interested in the directly empirical, more tolerant of humandifferences, more analytical in the course of daily life, moreinterested in people who are interesting, and less patient withContinental philosophy.Yeah! Three other effects...
- Blog posts 2007-02-12
- When to Think Hard, When to Outsource
- "I used to think. Now I just read The Economist." - Larry EllisonWhen I read the Economist each week -- a task that takes several hours and is worthy of much strategizing for how to tackle such a meaty publication -- I realize how much happens in the world that...
- Blog posts 2007-02-06
- A New View of Competition
- Competition is on the cover of the latest issue of the Wilson Quarterly, the highly readable intellectual smorgasbord published by the Woodrow Wilson Center. Its four articles focus on how competitive American life has become, with obvious implications for business. Daniel Akst, in an article entitled “Strive...
- Blog posts 2007-11-12
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