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.

  • Flawless Monarch Butterfly Flying on Isolated White

    The Downside of Sitting

    Jul 22, 12 • 313 Views • No Comments

    I’ve been thinking about the economic connection between sitting and butterflies. Our story starts with sitting studies. Pulling together the data from surveys covering 167,000 adults, researchers have concluded that you might live longer if you sit......  [read more]

  • The Panama Canal Project Facilitates World Trade.

    A Made in the USA Mandate

    Jul 20, 12 • 373 Views • No Comments

    To introduce our first international trade discussion in class, I usually ask students to check where their clothing and shoes have been made. Finding labels that say “Made in China, Made in Thailand, Made in Peru…,” they first see how trade......  [read more]

  • The Panama Canal Project Facilitates World Trade.

    World Trade Spin

    Jul 17, 12 • 345 Views • No Comments

    We might be able to divide the world between economic thinkers and everyone else. I noted yesterday that economist Gregory Mankiw, as President Bush’s Council of Economic Advisers chair, said that outsourcing was probably a plus in the long run. Hearing......  [read more]

  • Obama/Biden and Romney/Ryan Issues

    Election Economics: Assessing Outsourcing

    Jul 16, 12 • 495 Views • 4 Comments

    Until November 6, at econlife, Mondays will be about presidential election economics. In 2004, when President Bush’s Council of Economic Advisers chairman, Harvard professor Greg Mankiw, was lambasted for saying, “… I think outsourcing is a......  [read more]

  • Tomatoes

    Tomatoes, Health Care and Unintended Consequences

    Jun 30, 12 • 231 Views • No Comments

    Trying to make pretty tomatoes, plant breeders inadvertently created a tasteless fruit. It all started 70 years ago with a gene mutation that evenly ripened tomatoes. Seeing the commercial potential of uniformly colored bright red tomatoes, growers bred the......  [read more]