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.

  • The Fed Debate

    Sep 5, 12 • 520 Views • No Comments

    10 years ago, the future Federal Reserve Chairman Ben Bernanke said to Nobel laureate Milton Friedman, “Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.” What......  [read more]

  • World War II industrial mobilization

    Winning World War II With Numbers

    Sep 2, 12 • 507 Views • No Comments

    The year was 1940. Seeing that war might be imminent, President Roosevelt approached the president of General Motors. Wartime conversion was the issue. To become an “arsenal of democracy,” how could we produce planes instead of Pontiacs? With......  [read more]

  • A Slice of a Pineapple

    Food Bites

    Aug 30, 12 • 1011 Views • No Comments

    Sometimes food is about a lot more than eating. When a !Kung Bushman hunter returns from the forest, he is greeted with, “What, you made us come all this way for this bag of bones?” One Bushman explained why. “When a young man kills much......  [read more]

  • Salary Secrecy

    Aug 23, 12 • 313 Views • No Comments

    What happens when everyone knows how much you earn? A Boulder, Colorado firm, has voluntarily decided to let workers check a spreadsheet and see what others take home. One employee said she likes it, even when she discovers someone earns more. “I am......  [read more]

  • Golf_human capital formation...000019059879XSmall

    Augusta National Golf Club and Women

    Aug 21, 12 • 423 Views • No Comments

    With Condoleezza Rice and Darla Moore soon to become the Augusta National Golf Club’s first female members, I keep thinking about how women have become more valuable. The reason takes us back to the family. Assume for a moment that a family is a......  [read more]