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.
In a northern Thai village, Buddhist monks are no longer taking the traditional morning walk to collect food from their neighbors. Instead, they make a takeout call for a breakfast delivery. Further describing how Temple life is changing, one monk explained...... [read more]
Hearing about an apparel firm that “insourced,” I confess I was not as enthusiastic as the report. The firm, American Giant, had just enjoyed a run on their hoodies. As a Made in the USA producer, they have the caché of a San Francisco factory....... [read more]
After reading Murder at the Margin, some of my students suggested in essays that we do not need a psychiatrist to explain human behavior. Instead, just ask a behavioral economist. Let’s give it a try… Defaulting: In life, we tend to take the...... [read more]
When we worry about the impact of autos on the environment, perhaps we should remember the horse. In 1880, the horse population in Manhattan and Brooklyn was somewhere between 150,000-175,000 and growing. A basic part of city life, horsecar rides totalled...... [read more]