Economics is not a morality play.

I don't think I've had any great success in predicting politics or social change, nor have I really tried.

People respond to incentives. If unemployment becomes more attractive because of the unemployment benefit, some unemployed workers may no longer try to find a job or may not try to find one as quickly as they would without the benefit.

The French, unfortunately, actually believe what they say, and that has been very destructive.

We have a lot of evidence on what happens when you raise the minimum wage. And the evidence is overwhelmingly positive: Hiking the minimum wage has little or no adverse effect on employment while significantly increasing workers' earnings.

I admit it: I had fun watching right-wingers go wild as health reform finally became law.

When stock prices are rising, it's called ''momentum investing''; when they are falling, it's called ''panic.''