Disruption
Column Published in syndication August 13, 2025"Creative disruption" is a process by which the invention of one very useful thing brings major changes for many others. It is related to "creative destruction" (the rapid obsolescence of some activities as new mechanisms emerge) which dates back to sociologist Werner Sombart over a century ago and was brought into mainstream economic thought by Joseph Schumpeter in the 1940s. These phenomena happen frequently in niches across the economy. For example, telephone switchboard operators largely went away due to automation. These disturbances are healthy and, indeed, essential to progress, but can engender very difficult transitions.
- Tags:
- productivity,
- artificial intelligence,
- jobs
What did the July consumer price index show?
Radio Spot Broadcast via Texas State Networks on August 14, 2025Dr. Perryman discusses the July consumer price index.
- Tags:
- consumer price index
How are tariffs impacting manufacturing costs?
Radio Spot Broadcast via Texas State Networks on August 13, 2025Dr. Perryman discusses how tariffs are impacting manufacturing costs.
- Tags:
- tariffs
What is the economic outlook for Texas metros?
Radio Spot Broadcast via Texas State Networks on August 12, 2025Dr. Perryman discusses our latest economic forecast for Texas metros.
- Tags:
- Texas,
- economic forecast
What have consumer spending patterns looked like the last several years?
Radio Spot Broadcast via Texas State Networks on August 11, 2025Dr. Perryman discusses consumer spending patterns from the last several years.
- Tags:
- consumers
What was the core inflation rate for the second quarter?
Radio Spot Broadcast via Texas State Networks on August 08, 2025Dr. Perryman discusses the core inflation rate for the second quarter.
- Tags:
- Federal Reserve,
- inflation
How did the economy perform in the second quarter?
Radio Spot Broadcast via Texas State Networks on August 06, 2025Dr. Perryman discusses how the economy performed in the second quarter.
Metro Musings
Column Published in syndication July 30, 2025Although uncertainty has increased markedly since the last forecast, Texas and its metropolitan areas are projected to see notable growth through 2029. The rate of increase is again expected to outpace that of the US, and many of Texas' most populated areas will expand even faster than the state as a whole. Performance may be uneven and much of it backloaded into later years of the five-year horizon (and confidence intervals are wider than normal), but overall expansion is expected.
- Tags:
- metro,
- economic forecast
What did the Texas jobs numbers for June look like?
Radio Spot Broadcast via Texas State Networks on August 04, 2025Dr. Perryman discusses the Texas jobs numbers for June.