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.

  • Housing bubble and elasticity and factal math

    A New Cause of the Housing Bubble

    Feb 28, 14 • 1330 Views • No Comments

    In the 663 page report from the Financial Crisis Inquiry Commission (remember them???), the 2000-2011 real estate boom and bust is blamed on relatively predictable conditions. Just glancing at their chapter titles and conclusions, you can see that they blame......  [read more]

  • everyday economics free trade TPP

    B(T)FF… Best Trading Friends Forever

    Feb 27, 14 • 898 Views • No Comments

    We can say that Mexico believes her top trading partner is the United States because the value of her exports to the US (2013: $370,826,831) added to the value of her imports from the US (2013: $370,746,056) is exceeded by none of her other trading......  [read more]

  • tape measure height

    Tall and Short Populations

    Feb 26, 14 • 1482 Views • No Comments

    Princeton economist Angus Deaton estimates that it will take 500 years for Indian women to reach the height of English women. In The Great Escape, Dr. Deaton explains that a population could be short because of nutrition or disease. When babies consume......  [read more]

  • Human Capital and sleep

    The Plight of the Night Owl

    Feb 23, 14 • 613 Views • No Comments

    I must start with my bias. I am a night owl. So too were Winston Churchill and Charles Darwin, James Joyce and Glenn Gould. In one interview, Ann Beattie said, “I really think people’s bodies are on different clocks. I even feel now like I just......  [read more]

  • Federal Reserve takes punch bowl away

    Humor in Fed Transcripts

    Feb 22, 14 • 903 Views • No Comments

    Below, just a reminder of one piece of the Great Recession before looking at the Fed transcripts. Lehman Brothers is the orange line.   With a typical 5-year lag, the transcripts of the 2008 Federal Open Market Committee (FOMC) meetings were just......  [read more]