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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    Global Migration

    Jun 9, 12 • 329 Views • No Comments

    The most common state-to-state moves in the US are from California to Texas with New York to Florida next. Between 2008 and 2009 almost 7 million people moved from state to state. The most common reason? Employment. What if labor could not move easily? A......  [read more]

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    Bogeys, Birdies and the Eurozone

    Jun 1, 12 • 325 Views • No Comments

    Analyzing more than 1.6 million putts, including Tiger Woods, 2 University of Pennsylvania economists concluded that professional golfers putt better when avoiding a bogey (a stroke over par) than when trying for a birdie (a stroke under par). The reason? Our......  [read more]

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    Manufacturing and the Market System

    May 30, 12 • 306 Views • No Comments

    Adam Smith might look at recent increases in manufacturing and say, “The market works.” Here are some stories. One furniture manufacturer decided it could make consumers happier by moving back from China. Yes, it would mean paying a sander $10 an......  [read more]

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    Home Economics

    May 29, 12 • 343 Views • No Comments

    What if we think of a household as a production unit that does child care, gardening, cooking and cleaning? And, if the work in the home is “outsourced” when people hire a nanny, a housekeeper, a gardener or do take-out for dinner, then the GDP reflects......  [read more]

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    Just Taxes

    May 20, 12 • 397 Views • No Comments

    What happens when a philosopher who believes in less government gets benefits from government? Here is the story: In a building that Love Story author Erich Segal owned, Harvard professor Robert Nozick (1938-2002), a libertarian philosopher, was a tenant.......  [read more]