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.

  • Not Always Dismal

    Feb 10, 10 • 111 Views • Thinking EconomicallyNo Comments

    From assorted sources, I share the following: 1. Poetry on the housing crisis from Karl Case (the Case in Case-Shiller Home Price Index) An excerpt: Fannie and Fred were always ahead, Then Countrywide got in the fray. Then Lehman and Merrill and Goldman Sachs...

  • PIIGS at the Trough

    Feb 9, 10 • 108 Views • Thinking EconomicallyNo Comments

    Debt can be complicated. 1.National borrowing is good. It leads to growth and recovery. In 1792, Alexander Hamilton said that a national debt could be a blessing. In 1936, John Maynard Keynes said that debt was good. Each realized that using someone else...

  • Silent Salons

    Feb 8, 10 • 110 Views • Thinking EconomicallyNo Comments

    The Spanish Society of Authors (SGAE) receives a steady stream of income from Spain...

  • The Visible and the Invisible

    Feb 6, 10 • 95 Views • Thinking EconomicallyNo Comments

    Supporting free trade in 1978, Milton Friedman (1912-2006) referred to...

  • A More Stylish Barbie

    Feb 5, 10 • 104 Views • Thinking EconomicallyNo Comments

    According to a recent WSJ article, Mattel...