Charles I. Jones
Curriculum Vita, August 2024
Graduate School of Business
Stanford University
655 Knight Way
Stanford, CA 94305-5015
E-mail: chad.jones@stanford.edu
Web: http://www.stanford.edu/~chadj, Google
Scholar
Work: (650) 725-9265
Positions Held
-
STANCO 25 Professor of Economics, Graduate School of Business, Stanford University, April
2009 - present
- Professor of Economics, January 2009 - March 2009
- Visiting Professor of Economics, January 2008 - December 2008
-
Research Associate, National Bureau of Economic Research, May 2002 -
Present
- Faculty Research Fellow, 1997 - 2002
- Professor, Department of Economics, U.C. Berkeley, July 2004 -
2009
- Associate Professor (tenured), July 2001 - June 2004
-
Assistant Professor, Department of Economics, Stanford University, July
1993 - June 2001
Education
-
Ph.D., Economics, M.I.T. 1993
-
Advisers: Olivier Blanchard (primary), Stanley Fischer, and Andrew Bernard
-
National Science Foundation Graduate Fellowship, 1989-92
-
A.B. Summa cum laude, Economics, Harvard University, 1989
Papers and Publications -- By Topic
Why do economies grow in the
long run?
"The A.I. Dilemma: Growth versus Existential Risk"
April 2024, Version 2.0, conditionally accepted at AER Insights.
"Population and Welfare: Measuring Growth when Lives are Worth Living"
(with Mohamad Adhami, Mark Bils, and Pete Klenow),
August 2024, Version 2.0 (slides)
"The Outlook for Long-Term Economic Growth" August 2023, prepared for the Jackson Hole Symposium.
"Recipes and Economic Growth:
A Combinatorial March Down an Exponential Tail" Journal of Political Economy,
Volume 131, August 2023, pp. 1994-2031.
"The Past and Future of Economic Growth: A Semi-Endogenous Perspective"
Annual Review of Economics, Volume 14, August 2022, pp. 125-152.
"The End of Economic Growth? Unintended
Consequences of a Declining Population"
American Economic Review November 2022, Vol. 112 (11), pp. 3489-3527 (lead article).
"Taxing Top Incomes in a World of
Ideas" Journal of Political Economy, September 2022, Vol. 130 (9), pp. 2227-2274 (lead article).
"Nonrivalry and the Economics of
Data" (with Chris Tonetti), American Economic Review,
September 2020, Vol. 110 (9), pp. 2819-2858.
"Are Ideas Getting Harder to Find?"
(with Nick Bloom, John Van Reenen, and Michael Webb),
American Economic Review, April 2020, Vol. 110 (4), pp. 1104-1144.
"The Allocation of Talent and U.S. Economic
Growth" (with Chang Hsieh, Erik Hurst, and Pete Klenow),
Econometrica, September 2019, Vol. 87 (5), pp. 1439-1474 (lead article).
"Paul Romer: Ideas, Nonrivalry, and
Endogenous Growth" Scandinavian Journal of Economics,
July 2019, Vol. 121 (3), pp. 859-883.
"Artificial Intelligence and Economic
Growth" (with Philippe Aghion and Ben Jones) in Agrawal, Gans,
and Goldfarb, The Economics of
Artificial Intelligence: An Agenda, University of Chicago
Press, 2019.
"The Productivity Slowdown in Advanced
Economies" ECB Forum on Central Banking, June
2017.
"The Facts of Economic
Growth" Handbook of Macroeconomics, 2016, Vol. 2A, pp. 3-69.
"Life and Growth" Journal of Political
Economy, April 2016, Vol. 124 (2), pp. 539-578.
"The Future of U.S. Economic Growth"
(with John Fernald), American Economic Review Papers and
Proceedings, May 2014, Vol. 104 (5), pp. 44-49.
"The New Kaldor Facts: Ideas, Institutions, Population, and
Human Capital" (with Paul Romer) American Economic Journal:
Macroeconomics, January 2010, Vol. 2 (1), pp. 224-245.
"A New Proof of Uzawa's Steady-State Growth
Theorem" (with Dean Scrimgeour), Review of Economics
and Statistics, February 2008, Vol. 90 (1), pp. 180-182.
"The Shape of Production Functions and the
Direction of Technical Change" Quarterly Journal of
Economics, May 2005, Vol. 120 (2), pp. 517-549.
"Growth and Ideas" in P. Aghion and S. Durlauf (eds.) Handbook of
Economic Growth (Elsevier, 2005) Volume 1B, pp. 1063-1111.
"Population and Ideas: A Theory of Endogenous Growth"
in Aghion, Frydman, Stiglitz, and Woodford (eds.) Knowledge,
Information, and Expectations in Modern Macroeconomics:
In Honor of Edmund S. Phelps (Princeton University Press) 2003.
"Sources of U.S. Economic Growth in a World of Ideas"
American Economic Review, March 2002, Vol. 92 (1), pp. 220-239.
"Was an Industrial Revolution Inevitable? Economic Growth
Over the Very Long Run" Advances in Macroeconomics, August 2001,
Vol. 1, No. 2, Article 1.
"Growth: With or Without Scale Effects?" American
Economic Review Papers and Proceedings, May 1999, Vol. 89, pp. 139-144.
"R&D-Based Models of Economic Growth" Journal
of Political Economy, August 1995, Vol. 103, pp. 759-784.
"Time Series Tests of Endogenous Growth Models"
Quarterly Journal of Economics, May 1995, Vol. 110, pp. 495-525.
Why are some countries so much
richer than others?
"Race and Economic Well-Being in the United
States" (with Brouillette and Klenow), November 2021, Version 1.0 (slides)
"Beyond GDP? Welfare across Countries and
Time" (with Pete Klenow),
American Economic Review, September 2016, Vol. 106 (9),
pp. 2426-2457.
"Misallocation, Input-Output Economics, and
Economic Growth" in D. Acemoglu, M. Arellano, and E.
Dekel, Advances in Economics and Econometrics, Tenth World
Congress, Volume II, Cambridge University Press, 2013.
"Intermediate Goods and Weak Links in the Theory of Economic
Development" American Economic Journal:
Macroeconomics, April 2011, Vol. 3 (2), pp. 1-28.
"Why Do Some Countries Produce So Much More Output per
Worker than Others?" (with Robert E. Hall), Quarterly Journal of
Economics, February 1999, Vol. 114, pp. 83-116.
"On the Evolution of the World Income Distribution"
Journal of Economic Perspectives, Summer 1997, Vol. 11, pp. 19-36.
"Convergence Revisited" Journal of Economic
Growth, July 1997, Vol. 2, pp. 131-153.
"Levels of Economic Activity across Countries"
(with Robert E. Hall), American Economic Review Papers and Proceedings,
May 1997, Vol. 87, pp.173-177.
"Economic Growth and the Relative Price of Capital"
Journal of Monetary Economics, December 1994, Vol. 34, pp. 359-382.
Top income inequality
"A Schumpeterian Model of Top Income
Inequality" (with Jihee Kim), Journal of Political
Economy, October 2018, Volume 126 (5), pp. 1785-1826 (lead
article).
Winner of
the 2021 Robert
E. Lucas Jr. Prize.
"Pareto and Piketty: The Macroeconomics of Top
Income and Wealth Inequality," Journal of Economic
Perspectives, Winter 2015, Volume 29 (1), pp. 29-46.
The macroeconomics of health spending
"The Value of Life and the Rise in Health
Spending" (with Robert E. Hall),
Quarterly Journal of Economics, February 2007, Vol. 122 (1), pp. 39-72.
"Insurance and Incentives for Medical Innovation" (with Alan Garber and
Paul Romer), Forum for Health Economics & Policy, 2006, Forum: Biomedical Research and the Economy: Article 4.
"Why Have Health Expenditures as a Share of GDP Risen So Much?"
U.C. Berkeley working paper, May 5, 2004. (A revision of NBER Working Paper 9325
from November 2002).
COVID-19 Papers
"Macroeconomic Outcomes and COVID-19: A Progress Report" (with Jesus
Fernandez-Villaverde)
Brookings Papers
on Economic Activity Fall 2020, pp. 111-166.
(slides
| replication files)
"Estimating and Simulating a SIRD Model
of COVID-19 for Many Countries, States, and Cities" (with Jesus
Fernandez-Villaverde)
Journal of Economic Dynamics and Control Volume 140, July 2022.
(slides)
"Trading Off Consumption and
COVID-19 Deaths" (with Bob Hall and Pete Klenow) Minneapolis Fed Quarterly Review, June 2020.
(slides)
Is there too much or too little
R&D?
"Too Much of a Good Thing? The Economics of Investment
in R&D" (with John Williams), Journal of Economic Growth,
March 2000, Vol. 5, No. 1, pp. 65-85.
"Measuring the Social Return to R&D" (with
John Williams), Quarterly Journal of Economics, November 1998, Vol.
113, pp. 1119-1135.
Empirical work on sectoral convergence
"Comparing Apples to Oranges: Reply" (with
Andrew Bernard), American Economic Review. September 2001,
Vol. 91 (4),
pp. 1168-69.
"Comparing Apples to Oranges: Productivity Convergence
and Measurement Across Industries and Countries" (with Andrew Bernard),
American Economic Review, December 1996, Vol. 86, pp. 1216-1238.
"Technology and Convergence"(with Andrew Bernard),
Economic Journal, July 1996, Vol. 106, pp. 1037-1044.
"Productivity and Convergence Across U.S. States and Industries" (with
Andrew Bernard), Empirical Economics, March 1996, Vol. 21, pp. 113-135.
"Productivity Across Industries and Countries: Time Series Theory and Evidence"
(with Andrew Bernard), Review of Economics and Statistics, February
1996, Vol. 78 (1), pp. 135-146.
Comments, Notes, Etc.
"New
ideas about new ideas: Paul Romer, Nobel laureate" for VoxEU.org
"On the 25th Anniversary of
Romer (1990)" October 2015.
"Discussion of Angus Deaton
Presentation" at the Nobel Symposium on Growth and Development,
September 3 - 5, 2012.
"To Close the Gap," Book review of Michael
Spence, The Next Convergence. In Science, Vol. 334,
November 18, 2011, p. 906.
"Comment on La Porta and Shleifer `The Unofficial Economy and
Economic Development'" Brookings Papers on
Economic Activity, December 2008, pp. 353-359.
"A Simple Mincerian Approach to Endogenizing
Schooling" U.C. Berkeley working paper, April 2007.
"More Life vs. More Goods: Explaining Rising Health Expenditures"
Federal Reserve Bank of San Francisco Economic Letter 2005-10;
May 27, 2005.
"The Fiscal Problem of the 21st Century"
Federal Reserve Bank of San Francisco Economic Letter 2003-27; September 19, 2003.
"Human Capital, Ideas, and Economic
Growth" in Paganetto, L. and E.S. Phelps (ed.) Finance,
Research, Education, and Growth (New York: Palgrave) 2003.
"Comment on Dowrick-DeLong, `Globalisation
and Convergence'" in Bordo, M., Taylor, A. and J. Williamson (eds.)
Globalization in Historical Perspective (NBER, University of Chicago Press) 2003.
"Using Chain-Weighted NIPA Data" Federal Reserve Bank of San Francisco
Economic Letter 2002-22, August 2, 2002.
"The Economic Return to Health Expenditures" Federal Reserve Bank of San Francisco
Economic Letter 2001-36, December 14, 2001.
"The
Future of the New Economy" Federal Reserve Bank of San Francisco
Economic Letter 2001-14, May 11, 2001.
"Comment on Nazrul Islam, `Different Approaches to International
Comparisons of Total Factor Productivity'" in C.R. Hulten, E.R. Dean,
and M.J. Harper (eds.) New Developments in
Productivity Analysis (NBER, University of Chicago Press) 2001.
"Comment on Rodriguez-Rodrik, `Trade Policy and Economic Growth: A
Skeptic's Guide to the Cross-National Evidence'". NBER
Macroeconomics Annual 2000 (MIT Press).
"A Note on the Closed-Form Solution of the Solow Model"
Stanford working paper, January 2000.
"Comment on Klenow-Rodriguez, `The Neoclassical Growth Revival: Has it
Gone too Far?'" NBER Macroeconomics Annual 1997 (MIT Press).
Books
Macroeconomics
(W.W. Norton). 2020 (5th edition), 2017 (4th edition), 2014 (3rd edition), 2011 (2nd edition), 2010 (economic crisis update), 2008
(first edition).
Introduction
to Economic Growth (W.W. Norton, 2013 Third Edition, with
Dietrich Vollrath). First Edition, 1998, available in
Chinese, English, French,
Japanese, Portuguese, and Spanish.
Honors and Activities
Stanford University, Graduate School of Business:
- -- Area coordinator for economics, September 2019 - present
-- Head of economics junior faculty recruiting, 2012 - 2021
-- Chai-Siriwatwechakul Faculty Fellow, 2022 - 2023
-- Charles and Melissa Froland Faculty Fellow, 2017 - 2020
-- BP Faculty Fellow in Global Management, 2013 - 2014
-- John Osterweis and Barbara Ravizzi Faculty Fellow, 2010 - 2011
Member of the AEA Honors and Awards Committee, 2022 - present
Member of the American Academy of Arts and Sciences, 2019 - present
Fellow of the Econometric Society, 2020 - present
Co-editor, Econometrica, July 2019 - present.
Associate Editor, Quarterly Journal of Economics, 1999 - 2019.
Associate Editor, Journal of Economic Growth, 1998 - present.
Associate Editor, American Economic Journal: Macroeconomics, 2007
- 2015.
Co-editor, Journal of Economic Perspectives, 2009 - 2011.
Co-editor, The B.E. Journals in
Macroeconomics, 2000 - 2006.
Co-organizer of NBER Economic Fluctuations and Growth
small group on economic growth:
- -- with Pete Klenow, 2000 - 2016.
-- with Alwyn Young, 1996 - 1999.
Senior Fellow, Stanford Institute
for Economic Policy Research, April 2016 - present.
Visiting Scholar, Federal Reserve Bank of San Francisco, 2000 -
present.
Senior Research Affiliate, Global Priorities Institute at Oxford University, June 2024 -
present.
Co-recipient of the 2021 Robert
E. Lucas Jr. Prize from the JPE.
Honorary Senior Fellow, Rimini Centre for Economic Analysis, 2020-present
- [Trevor] Swan Lecture at the Econometric Society 2023 Australasia Meeting:
"Population and Welfare: The Greatest Good for the Greatest Number "
August 2023
- Atkinson Memorial Lecture
at Oxford University: "The Past and Future of Economic Growth"
June 2021
Member, Panel of advisers for the Brookings Productivity
Measurement Initiative, August 2018 - 2020.
- Simpson Lecture at Princeton:
"The Future of Economic Growth"
October 2018
- Plenary
Talk at the Society for Economic Dynamics meeting in Warsaw,
June 2015
- Maddison
Lecture at Groningen, September 2014
Member, Congressional Budget Office Panel of Economic Advisers, April
2012 - March 2014.
- Invited
Lecture, Tenth World Congress of the Econometric Society, 2010
Member, Toulouse Network for Information Technology, 2005 - 2008.
Research Fellow, Hong Kong Institute of Monetary Research, Summer
2005, 2006.
John M. Olin Foundation Faculty Fellow, 2000 - 2001
Alfred P. Sloan Foundation Research Fellow, 1999 - 2001
National Fellow, Hoover Institution, 1996 - 1997
National Science Foundation Grants
- SES-0720994: "Why are Some Countries Richer than Others?
Intermediate Goods and Weak Links in the Theory of Economic
Development," 2007-2009
- SES-0242000: "Growth, Capital Shares, and a New Production Function," 2003 - 2007
- SBR-9818911: "Population, Ideas, and Economic Growth," 1999 - 2002
- SBR-9510916: "R&D-Based Models of Semi-Endogenous Growth," 1995 - 1998
-
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