Elaine Schwartz
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Elaine Schwartz has spent her career sharing the interesting side of economics. At the Kent Place School in Summit New Jersey, she was honored with an Endowed Chair in Economics. Just published, her newest book, Degree in a Book: Economics (Arcturus 2023), gives readers a lighthearted look at what definitely is not “the dismal science.” She has also written and updated Econ 101 ½ (Avon Books/Harper Collins 1995) and Economics: Our American Economy (Addison Wesley 1994). In addition, Elaine has articles in the Encyclopedia of New Jersey (Rutgers University Press) and was a featured teacher in the Annenberg/CPB video project “The Economics Classroom.” Beyond the classroom, she has presented Econ 101 ½ talks and led workshops for the Foundation for Teaching Economics, the National Council on Economic Education and for the Concord Coalition. Online for more than a decade. econlife has had one million+ visits.

Why Santa Was On a Two Dollar Bill

Starting with Santa currency, states saying Christmas is an official holiday, and Christmas trees, in the 19th century holiday spending on Christmas grew.

What We Know About Santa’s Salary

Although BLS data indicates what Santa’s salary could be, because it is unpaid work and comes from the North Pole, it is excluded from the GDP.

How Fast Fashion Affects Our Brain

Through the pleasure and pain that fast fashion shopping creates in our brains, we can see why the business model is good for monopolistic competition.

What the Twelve Days of Christmas Will Cost You

The PNC Christmas Price Index might be an accurate inflation calculator because it includes the price of labor, commodities, services and goods.

Why Apple Should Not Increase Its Tax Bill

Based on a tax code that was made for an industrial age, current corporate taxes that multinationals like Apple could owe need to reflect a digital world.

Where to Find the Biggest Gender Gap

Through worldwide gender gap indicators, we can see that Iceland can optimize productivity and human capital through a small gender gap.

Weekly Roundup: From Smart Cars to Dumb Laws

This week’s economic news summary includes work week tradeoffs in France, new labor laws for the gig economy, and why price tags are disappearing.

What to Call an Uber Driver

Neither an employee nor an independent contractor for whom the law has protections and obligations, the worker in the gig economy needs legal recognition.

How Star Wars Makes So Much Money

Combining Disney’s market power as an oligopoly with Star Wars legendary franchise, you wind up with massive Star Wars revenue.

Where Your Price Depends On Your Timing

Dynamic pricing at Amazon, the Indianapolis Zoo and a Dallas toll road displays how price influences buyer and seller behavior.