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.

  • The Visible and the Invisible

    Feb 6, 10 • 97 Views • Thinking EconomicallyNo Comments

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

  • A More Stylish Barbie

    Feb 5, 10 • 107 Views • Thinking EconomicallyNo Comments

    According to a recent WSJ article, Mattel...

  • Is The Unemployment Rate Accurate?

    Feb 4, 10 • 96 Views • Thinking EconomicallyNo Comments

    My class has wondered, with a civilian labor force of over 150 million people, how unemployment statistics can possibly be accurate. Tomorrow...

  • Recent Black Swan Events

    Feb 2, 10 • 155 Views • Thinking EconomicallyNo Comments

    Thinking about probable new financial regulation, I remembered Nassim Nicholas Taleb...

  • Can Less Become More for the Federal Reserve?

    Feb 1, 10 • 103 Views • Thinking EconomicallyNo Comments

    Econ talk lecture (January 11, 2010) http://www.econtalk.org/archives/2010/01/belongia_on_the.html Michael Belongia, University of Mississippi economics professor (and past St Louis Fed ecoonmist) interviewed by Russ Roberts It was a good interview. (a little...