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.

  • 15871_9.7_000006492912XSmall

    Vacation Daze

    Sep 7, 10 • 259 Views • 5 Comments

    In a column about Netflix, author Daniel Pink described their vacation policy for salaried employees. They have none. All who are salaried can take off as many or as few days as they want. Their rationale? Because many people do a lot of work away from the...  [read more]

  • 15869_9.6_000004661386XSmall

    Bendy Buses and Health Care

    Sep 6, 10 • 220 Views • 2 Comments

    Have you heard of a bendy bus? The bendy bus was supposed to solve Santiago, Chile’s public transit problems. But the story relates to each of us. It all began during 2007 when Santiago decided to replace its private bus system with public transit....  [read more]

  • 15832_8.19_000002167880XSmall

    Unopened Stimulus Packages

    Aug 19, 10 • 178 Views • No Comments

    Economists recently have been debating whether the $787 billion 2009 stimulus package has helped the economy. Perhaps first they should ask what has been spent. For a variety of reasons, recipients of stimulus money are not spending it. Dollars destined for...  [read more]

  • 15828_8.17_000009980535XSmall

    Utilities Included

    Aug 17, 10 • 220 Views • No Comments

    In NYC, there are 250,000 housing units that use more electricity than most others. The reason? Buildings without meters for each apartment have leases that say “utilities included”. So, whether tenants use more or less power, the rent is the...  [read more]

  • 15822_5.4a_000002321349XSmall

    Netflix and Buggy Whips

    Aug 14, 10 • 289 Views • 1 Comment

    After reading this NY Times article about Netflix, you might begin to think about buggy whips. I know it sounds distant but here is the connection. Entrepreneurs make an existing product or process obsolete. Netflix and Blockbuster. Amazon and Barnes &...  [read more]