Yes, shared prosperity is really possible. In these dark times I hope this book will provide readers a glimpse of a brighter future and ideas on how to get there. (And a big thank you to some of my favorite scholars who offered the words of praise on the back cover.)

The Trump administration plans to issue a code that colleges will need to comply with.

Highly recommended

Manufacturing employment as share of non-farm employment since Trump came to office

And BTW, US manufacturing employment has fallen to new depths under Trump (see charts below on both absolute level and as share of total non-farm employment).

Others have pointed this out too, but the cover of Harvard Magazine is so gratuitously frivolous and inappropriate. I’d cancel my subscription if there were such a thing.

We are at the stage where foreign movies are a national security threat.

I am in total agreement with the spirit of this article (including on patriotism). But I don't think bringing manufacturing back will do much for jobs. Look at the production-employment disconnect in countries (e.g. S. Korea) where manufacturing has done very well.

ICYMI. Greenland hereafter named Red White and Blueland.

Great work by Lagakos, Michalopoulos, and Voth on personal narratives from 1930s to ask what gives people meaning. Work and community top the list. Neither enters economists' understanding of well-being directly. A big blind spot in how we evaluate policy impacts. www.dropbox.com/scl/fi/2ej7c...

Discuss

Delighted to moderate a panel discussion with Sam Bowles and Amy Kapczynski next week on whether economics has failed us and how it can help build a more inclusive, prosperous world.

Manufacturing's share of employment keeps falling in the US and is now below 8.3% (source: FRED)

Really looking forward to reading this book

Danny Quah and Wendy Carlin at this morning’s plenary on the future of the world order at the World Congress of the IEA

What I got in the mail

Just confirming that I can copy past Excel charts here