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.

How Immigration Disproves the Lump of Labor Fallacy

Whereas immigration can result in more workers, their impact on wages can be neutral because those immigrants create more demand which leads to more jobs.

Using The Bacon Cheeseburger to Advise the Fed

Because consumer spending perception is based on what is regularly purchased, the bacon cheeseburger (cheese, bacon, beef) can be an inflation indicator.

Rewinding the Charts: 40 Years Ago, Donna Summer Debuted

In 1975, teamed with a disco pioneer, Summer channeled Marilyn Monroe and moaned her way up the charts with ‘Love to Love You Baby. They doubtless were Thark warriors who had been sent out to capture us, and we breathed…

Why Cheap Oil Can Be a Curse

Illustrated by the impact of cheap oil, the natural resource curse hits countries that have disproportionately focused economic activity on one industry.

Why Disney Might Charge Us Less

Disney is considering dynamic pricing to spread attendance and diminish lines. Restaurants, airlines, hotels and others with pricing power also vary price.

The Connection Between Your Credit Score and Your Love Life

Because credit card scores predict trustworthiness and financial distress, they indicate whether a co-habitation relationship will be long lasting.

Getting Bumped Off Your Flight

Instead of command and control, a reverse auction or a Coasian solution would provide better ways to manage overbooked flights and bumped passengers.

Becky G Cast as Yellow Ranger in ‘Power Rangers’ Movie

She is set to play the Yellow Ranger alongside RJ Cyler (Blue Ranger), Naomi Scott (Pink Ranger), Ludi Lin (Black Ranger) and newcomer Dacre Montgomery (Red Ranger) in the Lionsgate project.

Hailee Steinfeld Announces EP Title & Release Date

Eighteen-year-old actress-turned-budding pop star Hailee Steinfeld has announced her debut EP HAIZ will be released Nov. 13 digitally via Republic Records.

The Most Surprising Celebrity Selfies Ever Taken

Hollywood is a small town, but it’s not like all the stars are best friends! That’s what makes it fun when celebrities meet their favorite famous faces on red carpets, backstage at concerts, and even while catching flights at airports.