econlife on ‘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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    Trash and Trade

    Nov 5, 10 • 110 Views • Economic Thinkers, International Trade and FinanceNo Comments

    A WSJ article tells us “Memo to All Staff: Dump Your Trash.” But should they?According to the article, Texas state workers, Phoenix city workers, and Dartmouth college professors have all been told to take out the trash. Texas, as a result, is...

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    Why Was Malthus a Reverend?

    Nov 1, 10 • 105 Views • Economic History, Economic Thinkers, InnovationNo Comments

    Have you ever wondered why Malthus was a reverend? The surprising answer is in Bill Bryson’s wonderful new book, At Home A Short History of Private Life (which I just started reading). 18th and 19th century rectors and vicars tended to be affluent and...

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    Banana Machines

    Oct 30, 10 • 108 Views • Businesses, Economic Thinkers, InnovationNo Comments

    It is tough to design a vending machine that will handle a banana gently. The temperature needs to be 57 degrees, a 4 foot fall to the consumer should be gentle, and they have to remain ripe for as long as possible. It gets even trickier when celery, which...

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    Some Like It Hot?

    Oct 23, 10 • 108 Views • Demand, Supply, and Markets, Economic History, Economic Thinkers, Environment, InnovationNo Comments

    A warmer Detroit? A wetter New York? In the future world that UCLA professor Matthew Kahn describes, cities will adapt to climate change. Assuming that warming is gradual, populations will migrate and innovate. If San Diego becomes less habitable, people will...

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    Nobel Cash

    Oct 15, 10 • 103 Views • Economic History, Economic Thinkers, Financial Markets, International Trade and FinanceNo Comments

    If you win a Nobel Prize, you get a cash prize of approximately $1.5 million. The size of that prize relates to how well the foundation that manages Alfred Nobel’s endowment has fared.  According to the Financial Times, during the 1990s the payout...