Economic Thinkers

Starting with Adam Smith and The Wealth of Nations, continuing to Malthus, Ricardo, Keynes, Hayek, Friedman, Sen and others, the timeless ideas of economic thinkers provide understanding of the contemporary economy.

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    An Emerging Market: US Economic Independence

    Jul 4, 13 • 433 Views • No Comments

    On this Independence Day, let’s celebrate the economic independence that Alexander Hamilton launched. In 1790, as Secretary of the Treasury, a troubled economy had become Hamilton’s responsibility. He had a huge federal debt to fund, a barely......  [read more]

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    Economic Ideas: The Blame Frames

    Jun 29, 13 • 715 Views • No Comments

    Analyzing the housing bubble, we can all agree with some basic facts. If you look at the Case-Shiller Index, you would see that a typical home in a major US city was worth 26% less during April 2013 than November 2006. Then, at the end of 2006, the home......  [read more]

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    Monetary Policy: The Punch Bowl

    Jun 28, 13 • 459 Views • No Comments

    Sort of like Max in Maurice Sendak’s, Where the Wild Things Are, the Federal Reserve sometimes says, “And now, let the wild rumpus start.” Then though, Max cries out, “Now stop!” and sends “the wild things to bed without......  [read more]

  • Monetary Policy: QE Insight

    Jun 25, 13 • 501 Views • No Comments

    At a 2002 conference honoring Milton Friedman on his 90th birthday, then Federal Reserve Governor Ben Bernanke concluded his remarks with… “Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you,......  [read more]

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    A National Market: The European Union

    Jun 23, 13 • 355 Views • No Comments

    Asked who is trustworthy, arrogant and compassionate, respondents in European Union nations offered a fascinating picture of how they perceive each other and themselves. Isn’t it interesting that the Italians named themselves as least trustworthy? And......  [read more]