econlife on ‘Thinking Economically’

Much more than money, economics is about tradeoffs. Thinking economically involves cost and benefit, marginal analysis and seeing that there is no free lunch. Econlife tries to convey the perspective that is the foundation of economics that helps people make decisions personally, professionally and as voters.

  • 15494_2.28_000007957558XSmall

    Notes From Warren Buffett

    Feb 28, 10 • 379 Views • Thinking EconomicallyNo Comments

    Released yesterday, Warren Buffett’s annual letter to shareholders, as always, included sections that make me smile:  Talking about how he uses a consistent standard to assess Berkshire Hathaway’s performance:“That keeps us from the...

  • 15496_canningSmall

    Big and Little Worries

    Feb 27, 10 • 128 Views • Thinking EconomicallyNo Comments

    1.  Sovereign debt: Contemplating big worries, I could place sovereign debt at the top of the the list. Should we currently be concerned about Greece, Spain and other EU nations with excessive obligations?  Beyond, should we be focusing on the U.K....

  • 15498_captchaFunky

    Default D

    Feb 26, 10 • 112 Views • Thinking EconomicallyNo Comments

    Seeing current concerns about the money owed by Greece, I wondered about her past record.  Until 1932, it was not good.  The first report of Greece defaulting on her debt was during the fourth century B.C.  At the time, ten Greek municipalities...

  • 15490_peachSmall

    Micro Matters

    Feb 25, 10 • 116 Views • Thinking EconomicallyNo Comments

    Listening to recent podcasts on Haiti from NPR’s Planet Money,  I started thinking about the large impact that something very little can have. The first story involved a small loan through which a Haitian woman had created a...

  • 15488_snowSM

    Snow Storm Stats

    Feb 24, 10 • 140 Views • Thinking EconomicallyNo Comments

    According to Floyd Norris, snowy weather can affect job numbers. He explained that while the February employment report appears to represent the month of February, actually, it reflects one week in February—a week with horrible weather. Between February...