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.

  • Grade Incentives

    Should Kids Get Paid for Grades?

    Apr 1, 14 • 1396 Views • No Comments

    What happens when you combine a $100 student payment with a teacher bonus for high A.P. grades, better lab equipment, free tutoring, Saturday classes and extra teacher training? At one Boston school, the results for the A.P. Statistics exam were: A surge in......  [read more]

  • innovation creative destruction

    Eight Technologies That Will Destroy and Create Businesses

    Mar 27, 14 • 1235 Views • No Comments

    Making money was the Goldman Sachs agenda in an August, 2013 report. In “The Search for Creative Destruction,” their equity research connected Schumpeter’s creative destruction to investing opportunities. Eight new technologies, they said,......  [read more]

  • Frisbee entrepreneur

    The Significance of the Frisbee

    Mar 23, 14 • 895 Views • No Comments

    The story of the Frisbee begins in a backyard during a Thanksgiving dinner in 1937. Fred Morrison and his girlfriend Lucile “Lu” Nay were tossing a  popcorn-tin lid when they switched to a cake pan because it had better aerodynamics. Having some......  [read more]

  • everyday economics and tax impact

    Handy Banking Quotes

    Mar 18, 14 • 886 Views • No Comments

    Car buyers typically display decision fatigue when asked to choose among “4 styles of gearshift knobs, 13 kinds of wheel rims, 25 configurations of the engine and gearbox and a palette of 56 colors for the interior.” Too worn out to choose, they take the......  [read more]

  • Unintended Consequences of Daylight Saving Time

    The Unexpected Impact of Changing Times

    Mar 9, 14 • 669 Views • No Comments

    Beyond less sleep, when we moved our clocks ahead last night, we created many unintended consequences. It all began during the 1880s when the railroads said that they should coordinate time. With railroad companies observing 52 different times and even more......  [read more]