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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    What Can An N-Gram Tell Us?

    Dec 20, 11 • 293 Views • No Comments

    For laughing and learning this TED talk is wonderful.  Having digitized 15 million books, Google enabled us to access a mammoth body of knowledge. However, just reading the entries from the year 2000, without eating or sleeping, absorbing 200 words a...  [read more]

  • Thomas Sargent and Cutting the deficit

    Alexander Hamilton, George Washington and the Euro Zone

    Dec 13, 11 • 325 Views • No Comments

    How to decide euro zone policy today? Just look at the U.S. between 1780 and 1840. Saturday, in his Nobel Prize lecture, economist Thomas J. Sargent compared the past U.S. to the current euro zone. He based his talk on 4 questions: Should governments default...  [read more]

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    Irrational and Rational Expectations

    Dec 12, 11 • 359 Views • No Comments

    Sometimes, expectations can determine outcomes. In articles on the placebo effect, Wired and the New Yorker tell us that people tend to believe that green pills are best at diminishing anxiety, brand names are better, and medication taken 4 times daily will...  [read more]

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    Why Might People Cheat?

    Dec 7, 11 • 298 Views • No Comments

    When are people more likely to cheat? Behavioral economist Dan Ariely says to look at sweatshirts, the Ten Commandments, dollar bills and cans of Coca-Cola. In one experiment, Ariely discovered that more students would copy someone’s seemingly dishonest...  [read more]

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    Boomerang Households

    Dec 2, 11 • 289 Views • No Comments

    The “boomeranger” has returned. A Pew Research Survey found that 13% of all households are composed of parents with adult children who moved away and then returned home. Pew’s respondents say the economy was the reason these...  [read more]