Posts Tagged ‘Adam Smith’

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    Trivial Pursuits

    Jun 3, 10 • 102 Views • Businesses, Economic History, Economic Thinkers, InnovationNo Comments

    Playing Scrabble in a bar, Canadian journalist Chris Haney and a sports reporter friend thought they could do better. Within an hour, during December, 1979, the two created the idea for Trivial Pursuit and drew an initial version of the game board on bar room...

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    From Mill to Obama

    Apr 29, 10 • 121 Views • Economic Thinkers, Government, Thinking EconomicallyNo Comments

    Yesterday, President Obama briefly said that some salaries on Wall Street were more than anyone should earn.  Approximately 160 years ago, John Stuart Mill responded by saying that he wanted to encourage work. Consequently, instead of limiting salaries...

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    The Ties That Bind Us

    Apr 23, 10 • 77 Views • Economic Thinkers, International Trade and FinanceNo Comments

    Although Nairobi and London are 4228 miles apart, they actually are closely connected. The NY Times described the tie that was cut by volcanic ash. Kenyans supply gourmet vegetables and cut flowers to European supermarkets. When planes were grounded, so too...

  • Adam Smith and a Physician’s Pay

    Jan 6, 10 • 123 Views • Thinking EconomicallyNo Comments

    Pondering healthcare reform again, I came across this comment from Adam Smith, 1776, WEALTH OF NATIONS: 22] We trust our health to the physician: our fortune and sometimes our life and reputation to the lawyer and attorney. Such confidence could not safely be...

  • Adam Smith and Wine

    Dec 19, 09 • 123 Views • Thinking EconomicallyNo Comments

    Known for his absentmindedness, Adam Smith seemed always to be pondering economic issues. According to The Economist, not always. In their December 17 issue, Smith is quoted in an article on the history of wine. He seemed to be alluding to...