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.

  • Ukraine and International Trade

    Ukrainian Economics

    Dec 6, 13 • 1577 Views • No Comments

    Fewer bottles of kodrinskoie-sparkling will be served at Russian holiday celebrations. Declaring that Moldova’s exports no longer met its food quality standards, Russia has blocked Moldovan wine exports. In the past, Ukrainian cheese and chocolate have......  [read more]

  • everyday economics and drone regulation and Amazon drone deliveries

    Drones That Can Deliver Your Pizza…and More

    Dec 3, 13 • 869 Views • No Comments

    Long before Jeff Bezos told Charlie Rose that drones would be delivering our Amazon packages, Dominos was showing how they could transport pizza. And here is the Amazon “Prime Air” version of a drone delivery: The drone delivery initiative,......  [read more]

  • Data Consumption the the GDP

    A GDP Omission

    Dec 1, 13 • 848 Views • No Comments

    What to include in the GDP? When Nobel Laureate Simon Kuznets developed the concept of the GDP during the 1930s, he had to decide which goods and services would count. He knew the GDP had to measure the health of the country. But how? His answer was adding......  [read more]

  • Nudge Unit Pool Table

    Should Government Have a Nudge Team?

    Nov 30, 13 • 821 Views • No Comments

    Is society better off when people stop smoking? Return to work sooner after a layoff? Pay their taxes on time? Using “nudge theory,” the UK’s Nudge Unit says it can help policymakers help us to make better decisions. A part of government,......  [read more]

  • The Complexity of Making a Pencil in "I, Pencil"

    The Problem With Elegant Technology

    Nov 24, 13 • 442 Views • No Comments’s problems might relate to “elegance.” Equal to simplicity, elegance results from eliminating complexity. In the Broadway play “Proof,”  the math proof was elegant. For me it could be an analytic essay or an......  [read more]