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.

  • A Rule to Remember?

    Jan 5, 10 • 192 Views • Thinking EconomicallyNo Comments

    Resembling the disagreement between Paul Krugman and Greg Mankiw on healthcare reform, the debate surrounding the Taylor rule has become somewhat spirited. Yesterday, Ben Bernanke even focused on it during a section of his talk to the American Economic...

  • Econ Humor

    Jan 4, 10 • 119 Views • Thinking EconomicallyNo Comments

    From Dave Barry in the Washington Post: “It was a year of Hope — at first in the sense of ‘I feel hopeful!’ and later in the sense of ‘I hope this year ends soon!’” “It was also a year of Change, especially in...

  • Working Women

    Jan 3, 10 • 107 Views • Thinking EconomicallyNo Comments

    A January 3rd article from THE ECONOMIST, “Female Power,” focuses on women in the “rich world”. http://www.economist.com/opinion/displaystory.cfm?story_id=15174418 For example… -More women work. In the U.S. women compose 51% of...

  • Cheap Health Care!

    Jan 2, 10 • 124 Views • Thinking EconomicallyNo Comments

    A recent “Investor’s Business Daily” article includes a great graph. Downward sloping, the graph represents health care spending by consumers. While aggregate spending skyrockets, individuals are paying less out of pocket....

  • The Best Places to Start a Business

    Jan 1, 10 • 97 Views • Thinking EconomicallyNo Comments

    Timothy Taylor, in his Teaching Company course, “America and the New Global Economy,” says that Mahatma Gandhi wanted farms and businesses to remain small so that there would be no exploitation. After Gandhi, the business climate remained...