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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    Health and GDP

    Apr 28, 11 • 293 Views • No Comments

    We are taller, healthier, heavier, and living longer. In 1790, a typical Frenchman weighed 110 pounds. Now, the scale says 170. That 60-pound difference relates to a lot more than food. According to a new book from Nobel prize winning economist Robert Fogel...  [read more]

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    Altitude and Attitude

    Apr 1, 11 • 253 Views • No Comments

    A recent article in Scientific American cited a correlation between altitude and attitude. Describing four different experiments, researchers concluded that physical elevation seemed to connect to generosity, kindness, and cooperation. This is what they...  [read more]

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    The Missing Sensor

    Mar 29, 11 • 245 Views • 1 Comment

    According to one estimate, worldwide auto production could slide by 30% because Hitachi Automotive’s Sawa Ibaraki Prefecture plant was debilitated by Japan’s earthquake and tsunami. Hitachi Automotive makes the air flow sensors that are crucial in...  [read more]

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    Replacing Broken Windows

    Mar 24, 11 • 256 Views • No Comments

    During a CNBC interview, former Treasury Secretary Lawrence Summers said that Japan’s massive earthquake “…may lead to some temporary increments, ironically, to GDP, as a process of rebuilding takes place.” Commenting on the interview,...  [read more]

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    Disaster Economics

    Mar 19, 11 • 269 Views • No Comments

    Assume an economy has been steadily growing. Then a natural disaster strikes, maybe a hurricane, an earthquake, or a tsunami. How is growth affected? While conclusions differ slightly, the consensus indicates that after 5 years and sometimes much sooner,...  [read more]