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.

  • 15963_3.27_000001882191XSmall

    Chinese State-Run Firms

    Feb 24, 12 • 329 Views • No Comments

    Where would your cell phone, your car, your gasoline, your savings account and the TV station you watch all have one thing in common? China. Called state capitalism, 45% of the Chinese economy is owned or controlled by the government.  With 655 million...  [read more]

  • Is It Better to Outsource or Insource T-shirts?

    A Tale of Two “T-Shirts”

    Feb 14, 12 • 323 Views • No Comments

    What if the cost of producing a woman’s polo shirt is $29.57? Its manufacturers would sell it to retailers for $65.00 who then mark it up to a $155.00 selling price. According to the Wall Street Journal, the land, labor and capital for an upscale green...  [read more]

  • 16889_sheep

    Heed the Herd

    Jan 25, 12 • 348 Views • No Comments

    By Mira Korber, guest blogger. Just the other day, I walked outside to find all six of my horses facing the exact same direction, muscles tensed, ears pricked, nostrils flared…Clearly their horsey intuition was picking up on some obscure, equine-eating...  [read more]

  • 16852_3.31_000006925306XSmall

    A Kodak (Missed) Moment

    Jan 7, 12 • 447 Views • No Comments

    Thinking of Kodak, we can remember razor blades and Apples. Soon after it began in 1880, Kodak told us, “You press the button and we do the rest.” Making home photography simple, they just had to sell us a camera; then, as with the razor and...  [read more]

  • Self-interest represents the seeds that blossom into economic growth.

    Questions about Capitalism

    Jan 4, 12 • 335 Views • No Comments

    Can capitalism survive? In a Project Syndicate article, Harvard professor Ken Rogoff said, probably. But the “Anglo American paradigm” might evolve into another kind of capitalism. What threatens Anglo-American capitalism? Dr. Rogoff lists 5...  [read more]