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.

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    Big and Little Worries

    Feb 27, 10 • 129 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....

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    Default D

    Feb 26, 10 • 115 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...

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    Micro Matters

    Feb 25, 10 • 117 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...

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    Snow Storm Stats

    Feb 24, 10 • 144 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...

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    California and Greece

    Feb 23, 10 • 112 Views • Thinking EconomicallyNo Comments

    An SAT question:California: US = Greece: EU. California and Greece are similar because…1. California and Greece have debt problems.2. Both have government employees with salaries and massive pension liabilities that they have to cover.3. Both would...