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.

  • Comments On Today’s News

    Jan 10, 10 • 110 Views • Thinking EconomicallyNo Comments

    A1 NY Times From a town clerk in Genesee, Wisconsin...

  • Top Ten Economics Bloggers

    Jan 9, 10 • 97 Views • Thinking EconomicallyNo Comments

    Reading the “Top Ten Economics Bloggers by Scholarly Content”, I wondered what makes a good economics blogger. Daily, the first blogs that I go to are Mankiw and marginalrevolution.com. I am especially impressed by Mankiw’s Blog. He is...

  • No Need For Psychiatry; Just Ask Dr. Economist

    Jan 8, 10 • 82 Views • Thinking EconomicallyNo Comments

    In today’s Notes post, the link is to Dear Economist, written by Tim Harford for the Financial Times. Using economic ideas to provide answers about love and life, he proves that economics is about so much more than money. Opportunity cost can provide an...

  • The Significance of a Big Mac

    Jan 7, 10 • 92 Views • Thinking EconomicallyNo Comments

    Listening to Part 1 of...

  • Adam Smith and a Physician’s Pay

    Jan 6, 10 • 120 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...